Doc summary of the book wallstreethow it works and for. Which is what makes doug henwood s book wall street, published that year, such an amazing document. Backed by the intellectual legitimacy of neoclassical economics and the wealth of the upper classes, the managers of money resolutely cling to beliefs bordering on the absurd. With compelling clarity, henwood dissects the worlds greatest financial center, laying open the intricacies of how, and for whom, the market. You wouldnt expect such a book to be fun to read, but it is. Paperback originally published in 1998 by verso new. Doug henwood is the author of three books, after the new economy, wall street, and the state of the usa atlas.
Spot rates, zero coupons, blue chips, futures, options on futures, indexes, options on indexes. Doug henwood is a brooklynbased journalist and broadcaster who specializes in economics and politics. Wall street was first published in hardcover by verso in 1997, and in paperback in 1998. Internet blag of the year wall street crooked timber. Aside from the change in, everything else is exactly as in the paperback edition. We deliver the joy of reading in 100% recycled packaging with free standard shipping on u.
Iscriviti a prime ciao, accedi account e liste accedi account e liste resi e ordini. Major national newspapers devote pages of newsprint to the financial sector and television news invariably features a visit to the market for the latest prices. Compared to monthly averages and expressed as a percent of employment, which is how its shown in the graph below, thats over twoandahalf times the previous record. The newsletter has received wide acclamation from j. He is the host of behind the news, a weekly radio show, that originates on kpfa berkeley. Lbo news from doug henwood instapunditry on political. Wall street mavens who hate challenges to their selfserving worldview will not enjoy this book.
The vocabulary of a financial market can seem arcane, impenetrable even. One of the most striking characteristics of the american financial world is its ideological rigidity. Something perhaps went awry with amazon pricing and. After college, henwood worked as secretary to the chair of a small wall street brokerage firm headed by a former bell labs physicist who used quantitative analysis techniques in the mid1970s, predating the later widespread adoption of similar methods on wall street. Doug henwood, editor of the left business observer and author of a new book, wall street, approaches financial markets from the opposite. Go search best sellers gift ideas new releases deals store coupons. Doug henwood born december 7, 1952 is an american journalist, economic analyst, author, and financial trader who writes frequently about economic affairs. How it works and for whom new edition by doug henwood isbn.
Transcending divisiveness is one of the dreams of centrists, as if disagreement were a bad habit rather than fundamental to politics. Doug henwood is the editor of left business observer and the author of wall street. Some of the numbers are a few years old, but the institutional factors described by doug henwood, who runs an excellent website. Which is what makes doug henwoods book wall street, published that year, such an amazing document. Doc summary of the book wallstreethow it works and. His work has appeared in harpers, the nation where he is a contributing editor, jacobin, bookforum, and grand street. This is doug henwood s critique of the financial system, informed by a solid background in economics and years of experience as a journalist. Thats five times the previous record weekly number, a series that goes back to 1967. Doug henwood is a journalist who has contributed frequently to the nation and broadcasts a weekly radio show covering economics and politics on new yorks wbai.
How it works andfur lwiom verso, 1997 and publisher and primary author of the newsletter left business observer. To these questions wall street answers an emphatic yes. Download file pdf wall street how it works and for whom doug henwood trading in action citadel group, a highfrequency trading firm located in chicago, trades more stocks each day than the floor of. Everyday low prices and free delivery on eligible orders. Fast, funny and consistently merciless toward the purveyors of economic delusion and deception. With compelling clarity, henwood dissects the worlds greatest financial center, laying open the intricacies of how, and for whom, the market works. Doug henwood published a book called wall street in 1997. How it works and for whom by doug henwood 30may1997 hardcover. He is the host of behind the news, a weekly radio show, that originates on kpfa berkeley, is syndicated to other stations across the country, and enjoys a worldwide listenership on the web. Wall street was first published in hardcover by verso in 1997, and in. Henwood talked about several financial theories and their relations to modern day fiscal policy. How it works and for whom and after the new economy. Doug henwood is the editor of left business observer, a newsletter on economics and politics he founded in 1986, and host of behind the news, a weekly radio show broadcast on kpfa, berkeley. He is a contributing editor at the nation and the author of three previous books.
Publication date 1998 topics new york stock exchange, wall street, securities industry, stockbrokers. Hidden from public view, the markets are poorly regulated, badly managed, chronically myopic and often corrupt. The wall street which emerges is not a pretty sight. Doug henwood books list of books by author doug henwood. How it works and for whom first edition by doug henwood isbn. Doug henwood is a journalist and financial analyst, who publishes two newsletters, left business observer and together with philippa dunne the liscio report. He publishes a newsletter, left business observer, that analyzes economics and politics from a leftwing perspective. Yet, despite its opacity, financial news and comment is ubiquitous. How it works and for whom and after the new economy the new press.
Doug henwood has 12 books on goodreads with 2355 ratings. Go search best sellers gift ideas new releases deals store. Doug henwood edits left business observer and is the host of behind the news. Galbraith, among others, and occasional less favorable comment. This was followed in 1997 by wall street verso books, in which henwood described the workings of high finance, and then by after the. Due to extraordinary shortsightedness, verso books have allowed doug henwood s wall street to go out of print, the rights thus reverting to the author. Published on the web by doug henwood in 2005 under a creative commons license. Its author doug henwood is a notorious scourge of the stock exchange in the pages of his acerbic publication left business observer.
628 54 899 995 1629 909 466 139 1375 499 1050 1309 386 576 1445 529 1183 451 943 1262 1200 1381 1313 632 970 207 579 1412 514 731 1269 72 357 1344 1027 943 675 866