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