The First Crash: Lessons from the South Sea Bubble by Richard Dale (English) Pap

$30.88 Buy It Now or Best Offer
free,30-Day Returns

Seller Store the_nile
(1216199) 98.2%,

Location: Melbourne
Ships to: US,
Item: 135049704732

Restocking fee:No
Return shipping will be paid by:Buyer
Returns Accepted:Returns Accepted
Item must be returned within:30 Days
ISBN-13:9780691170947
Book Title:The First Crash
Number of Pages:192 Pages
Publication Name:The First Crash: Lessons from the South Sea Bubble
Language:English
Publisher:Princeton University Press
Item Height:235 mm
Subject:Economics,Finance,History
Publication Year:2016
Type:Textbook
Item Weight:312 g
Author:Richard Dale
Item Width:152 mm
Format:Paperback

The First Crash by Richard Dale For nearly three centuries the spectacular rise and fall of the South Sea Company has gripped the public imagination as the most graphic warning to investors of the dangers of unbridled speculation. Yet history repeats itself and the same elemental forces that drove up the price of South Sea shares to dizzying heights in 1720 have in recent years p FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description For nearly three centuries the spectacular rise and fall of the South Sea Company has gripped the public imagination as the most graphic warning to investors of the dangers of unbridled speculation. Yet history repeats itself and the same elemental forces that drove up the price of South Sea shares to dizzying heights in 1720 have in recent years produced the global crash of 1987, the Japanese stock market bubble of the 1980s/90s, and the international dot.com boom of the 1990s. The First Crash throws light on the current debate about investor rationality by re-examining the story of the South Sea Bubble from the standpoint of investors and commentators during and preceding the fateful Bubble year. In absorbing prose, Richard Dale describes the trading techniques of Londons Exchange Alley (which included modern transactions such as derivatives) and uses new data, as well as the hitherto neglected writings of a brilliant contemporary financial analyst, to show how investors lost their bearings during the Bubble period in much the same way as during the dot.com boom.The events of 1720, as presented here, offer insights into the nature of financial markets that, being independent of place and time, deserve to be considered by todays investors everywhere. This book is therefore aimed at all those with an interest in the behavior of stock markets. Back Cover “In this gripping tale of the South Sea scam, Richard Dale describes personal and corporate greed, creative accounting, and financial malpractice. He writes about events from three centuries ago, but his analysis is relevant to todays investors, traders, and policymakers.” –Elroy Dimson, London Business School, author of Triumph of the Optimists “This book represents an important piece of new scholarship focused almost exclusively on the South Sea Bubble. The authors tireless research yields a wonderful historical document that brings the reader into the center of financial markets in the early 1700s, and then reveals much about the South Sea Bubble that has previously gone undetected. Dales work brings so much new evidence, and interweaves it with the old so skillfully, that The First Crash will certainly become a must read for scholars and is likely to be relied upon heavily in university classes as well. The author is to be congratulated.” –Kevin Hassett, American Enterprise Institute, author of Bubbleology “This extremely useful contribution to the field serves to remind nonhistorians, and particularly most financial economists, that almost all of what is thought of as modern financial analysis today was available 300 years ago.” –Forrest Capie, City University Business School, London, author of Depression and Protectionism Author Biography Richard Dale is Emeritus Professor of International Banking at Southampton University, United Kingdom. His books include Risk & Regulation in Global Securities Markets; International Banking Deregulation; and The Regulation of International Banking. He has been a Parliamentary advisor in the United Kingdom on financial regulatory policy and has testified before U.S. Congressional Committees on regulatory issues. Table of Contents Introduction 1 Chapter One: Coffee Houses, The Press and Misinformation 7 Chapter Two: Exchange Alley and the Evolution of Londons Securities Market 22 Chapter Three: Origins of the South Sea Company 40 Chapter Four: John Law and the Mississippi Bubble 56 Chapter Five: The South Sea Scheme 73 Chapter Six: The Bubble 96 Chapter Seven: The Crash 125 Chapter Eight: Crisis Resolution 140 Chapter Nine: Lessons from the South Sea Bubble 155 Appendix I: Hutchesons South Sea Parable 171 Appendix II: Technical Note on Stock and Subscription Price Data 172 Chapter Ten: Conclusion 178 Glossary 185 Bibliography 187 Index 195 Review “Richard Dale … picks a scholarly but readable path through the events that led to the collapse of shares in the infamous South Sea Company in 1720. Only the purblind could fail to draw some important parallels between the events of that year and the bubbles of the more recent past, not least the dot.com mania of five years ago.”–Jonathan Davis, The Independent Long Description For nearly three centuries the spectacular rise and fall of the South Sea Company has gripped the public imagination as the most graphic warning to investors of the dangers of unbridled speculation. Yet history repeats itself and the same elemental forces that drove up the price of South Sea shares to dizzying heights in 1720 have in recent years produced the global crash of 1987, the Japanese stock market bubble of the 1980s/90s, and the international dot.com boom of the 1990s. The First Crash throws light on the current debate about investor rationality by re-examining the story of the South Sea Bubble from the standpoint of investors and commentators during and preceding the fateful Bubble year. In absorbing prose, Richard Dale describes the trading techniques of Londons Exchange Alley (which included modern transactions such as derivatives) and uses new data, as well as the hitherto neglected writings of a brilliant contemporary financial analyst, to show how investors lost their bearings during the Bubble period in much the same way as during the dot.com boom.The events of 1720, as presented here, offer insights into the nature of financial markets that, being independent of place and time, deserve to be considered by todays investors everywhere. This book is therefore aimed at all those with an interest in the behavior of stock markets. Review Quote “This extremely useful contribution to the field serves to remind nonhistorians, and particularly most financial economists, that almost all of what is thought of as modern financial analysis today was available 300 years ago.” –Forrest Capie, City University Business School, London, author of Depression and Protectionism Details ISBN0691170940 Author Richard Dale Short Title 1ST CRASH Pages 192 Publisher Princeton University Press Language English ISBN-10 0691170940 ISBN-13 9780691170947 Media Book Format Paperback Birth 1932 Year 2016 Imprint Princeton University Press Subtitle Lessons from the South Sea Bubble Place of Publication New Jersey Country of Publication United States Illustrations black & white illustrations Publication Date 2016-05-31 Translated from English UK Release Date 2016-05-31 NZ Release Date 2016-05-31 US Release Date 2016-05-31 Alternative 9780691119717 DEWEY 332.63228 Audience Professional & Vocational AU Release Date 2016-08-08 We’ve got this At The Nile, if you’re looking for it, we’ve got it. With fast shipping, low prices, friendly service and well over a million items – you’re bound to find what you want, at a price you’ll love! TheNile_Item_ID:161689768;

Frequently Asked Questions About The First Crash: Lessons from the South Sea Bubble by Richard Dale (English) Pap in My Website

www.fibusfamilyfoundation.org is the best online shopping platform where you can buy The First Crash: Lessons from the South Sea Bubble by Richard Dale (English) Pap from renowned brand(s). www.fibusfamilyfoundation.org delivers the most unique and largest selection of products from across the world especially from the US, UK and India at best prices and the fastest delivery time.

What are the best-selling The First Crash: Lessons from the South Sea Bubble by Richard Dale (English) Pap on www.fibusfamilyfoundation.org?

Frequently Asked Questions About The First Crash: Lessons from the South Sea Bubble by Richard Dale (English) Pap in My Website

What are the best-selling The First Crash: Lessons from the South Sea Bubble by Richard Dale (English) Pap on www.fibusfamilyfoundation.org?

Leave a Reply Cancel reply