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. Hidden from public view, the markets are poorly regulated, badly managed, chronically myopic and often corrupt. 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. With compelling clarity, henwood dissects the worlds greatest financial center, laying open the intricacies of how, and for whom, the market.
Doug henwood is a brooklynbased journalist and broadcaster who specializes in economics and politics. Wall street mavens who hate challenges to their selfserving worldview will not enjoy this book. Doug henwood has 12 books on goodreads with 2355 ratings. And if it does, can nonspecialists ever hope to understand what the markets are up to. 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. Since verso chose not to reprint it when it went out of stock, the rights reverted to the author in march 2005. Paperback originally published in 1998 by verso new. Publication date 1998 topics new york stock exchange, wall street, securities industry, stockbrokers. We personally assess every books quality and offer rare, outofprint treasures. Wall street was first published in hardcover by verso in 1997, and in paperback in 1998. This is doug henwood s critique of the financial system, informed by a solid background in economics and years of experience as a journalist. Doug henwood is a journalist and financial analyst, who publishes two newsletters, left business observer and together with philippa dunne the liscio report. 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.
Which is what makes doug henwood s book wall street, published that year, such an amazing document. Go search best sellers gift ideas new releases deals store coupons. He is the author of the state of the usa atlas and editor of the newsletter left business observer. Henwood talked about several financial theories and their relations to modern day fiscal policy. He publishes a newsletter, left business observer, that analyzes economics and politics from a leftwing perspective. Doug henwood published a book called wall street in 1997. Doug henwood is the author of three books, after the new economy, wall street, and the state of the usa atlas.
How it works andfur lwiom verso, 1997 and publisher and primary author of the newsletter left business observer. How it works and for whom new edition by doug henwood isbn. Doug henwood edits left business observer and is the host of behind the news. How it works and for whom and after the new economy. Doug henwood is the editor of left business observer and the author of wall street. Doug henwood born december 7, 1952 is an american journalist, economic analyst, author, and financial trader who writes frequently about economic affairs.
The vocabulary of a financial market can seem arcane, impenetrable even. Published on the web by doug henwood in 2005 under a creative commons license. 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. Internet blag of the year wall street crooked timber. Which is what makes doug henwoods book wall street, published that year, such an amazing document.
Doug henwood, editor of the left business observer and author of a new book, wall street, approaches financial markets from the opposite. Lbo news from doug henwood instapunditry on political. Transcending divisiveness is one of the dreams of centrists, as if disagreement were a bad habit rather than fundamental to politics. Galbraith, among others, and occasional less favorable comment. Spot rates, zero coupons, blue chips, futures, options on futures, indexes, options on indexes. How it works and for whom and after the new economy the new press.
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. Some of the numbers are a few years old, but the institutional factors described by doug henwood, who runs an excellent website. Yet, despite its opacity, financial news and comment is ubiquitous. One of the most striking characteristics of the american financial world is its ideological rigidity. He is the host of behind the news, a weekly radio show, that originates on kpfa berkeley. We deliver the joy of reading in 100% recycled packaging with free standard shipping on u. This was followed in 1997 by wall street verso books, in which henwood described the workings of high finance, and then by after the new economy the new press, 2003, an analysis of the 1990s boom and bust. Its author doug henwood is a notorious scourge of the stock exchange in the pages of his acerbic publication left business observer.
Go search best sellers gift ideas new releases deals store. In an equally extraordinary act of generosity, doug has decided to release it to the internet, gratis, under a creative commons licence. Wall street doesnt believe elizabeth warren is serious about medicare for all. He is a contributing editor at the nation and the author of three previous books. 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. 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. Aside from the change in, everything else is exactly as in the paperback edition. How it works and for whom first edition by doug henwood isbn. 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. To these questions wall street answers an emphatic yes. Thats five times the previous record weekly number, a series that goes back to 1967.
How it works and for whom by doug henwood 30may1997 hardcover. Thriftbooks sells millions of used books at the lowest everyday prices. This was followed in 1997 by wall street verso books, in which henwood described the workings of high finance, and then by after the. Doc summary of the book wallstreethow it works and for. 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. Iscriviti a prime ciao, accedi account e liste accedi account e liste resi e ordini. Everyday low prices and free delivery on eligible orders. Something perhaps went awry with amazon pricing and. The newsletter has received wide acclamation from j. Doug henwood books list of books by author doug henwood. With compelling clarity, henwood dissects the worlds greatest financial center, laying open the intricacies of how, and for whom, the market works. You wouldnt expect such a book to be fun to read, but it is.
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