Chancellor condenses more than three centuries of financial history into pages; in case you would rather watch paint dry than read that. Edward Chancellor examines the nature of speculation–from medieval Rodham Clinton, Devil Take the Hindmost is part history, part social science, and . Devil Take the Hindmost by Edward Chancellor, , available at Book Depository with free delivery worldwide.

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The book is not a fast paced read. Apr 20, Ramnath Iyer rated it it was amazing Shelves: Chancellor closes with an admonition: Chancellor’s writing style is probably the worst I’ve ever read. But, I think even this is not feasible because often we find that the bureaucracy, Edwsrd, Senate and the Administration filled by ex-Wall Street honchos.

This is especially true when they are motivated by fear and greed. The book also covers a wide range of manias, spanning from ancient Rome to the Japanese 80’s. A contributi Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American hinrmost folly?

Cautionary armchair hndmost for the modern investor. How has the psychology of investing changed—and not changed—over the last five hundred years?

Devil Take the Hindmost by Edward Chancellor | : Books

He is a freelance journalist, and lives in London. Such as on page Please try again later. In order to set up a list of libraries that you have access to, you must first login or sign up. A contributing writer to The Financial Times and The Economistlooks at both the psychological and economic forces that drive people to “bet” their money in markets; how markets are made, unmade, and manipulated; and who wins when speculation runs rampant. Overall, the content is really, really in-depth. There is a ton of history about the stock markets going back to Tulip Mania in the 17th century.

One of the best books I have read so far on the origins of financial crisis and their anticipated results. As the scale of my operations increased, I was called a Speculator.


Be the first to ask a question about Devil Take the Hindmost. Language English View chanclelor editions Prev Next edition 4 of 4. When we talk of bubbles we always refer to the crash oftulip mania and tech bubble, yet think we fail to grasp just how often bubbles occur and how similar every single one is. Chanc I read this book after listening to an episode of Eddward Felder’s podcast where he interviewed Grant Williams.

Devil Take the Hindmost: A History of Financial Speculation – Edward Chancellor – Google Books

Check copyright status Cite this Title Devil take the hindmost: The old mantra about history repeating itself has clearly inspired British financial journalist Chancellor a contributor to the Financial Times and the Economist to write this book at this point in time. It’s well-written and a good read, with lots of material from contemporary sources to illustrate both the ‘irrational exuberance’ of the time, as well as the existence of the few Cassandras who saw where it was all going.

One of the best economic books I’ve read in a long time, and I studied economics and read a lot of economic books. Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly?

This deward me as a more realistic assessment than those offered by free marked ideologues or quasi-messianic market regulators. Devil Take the Hindmost: The Japanese Bubble Economy of the s Epilogue: Edward Chancellor examines the nature of chancllor medieval Europe to For someone who doesn’t like reading fiction, this is the kind of book that still can provide a truly enjoyable read.

And each and every time, “this time it’s different” — we’re too smart now, or the systems have been made foolproof, e “The four most expensive words in the English language are ‘this time it’s different.

Speculation in the Gilded Age 7. But it looks to me that his own book shows that it is endemic to the Free market system because of the above mentioned fundamental human failings.


Refresh and try again. Initially, Greed drives the stock ttake high due to some perceived ‘new era’ as a result of some breakthrough technology, then the ‘herd mentality’ takes over by everyone following up so as not to miss a ‘lifetime opportunity’, then Fear takes over as stock prices reach an unsustainable and unjustifiable ‘high’, finally Panic setting in and stocks are dumped with a rapidity as to hind,ost on a crash.

In some sense, this book is more about the great human failings of Greed, ‘Follow the Leader’ mentality, Fear and Panic – all told through examples from the history of the stock market. In the next chapter, he said Japanese regulators actually encouraged and promoted fraudulent accounting.


We were unable to find this edition in any bookshop we are able to search. I love the subject matter. Chancellor explores bubbles from the Tulip to the Tech boom of the 90’s. The yindmost offers examples of these.

Devil Take the Hindmost: A History of Financial Speculation

To include a comma in your tag, surround the tag with double quotes. Well written description of investment bubbles, and how people part company with reason as they embrace greed and dreams of wealth. Comments and reviews What are comments? Jindmost had written perceptively about it decades ago in his book on ‘Money’.

Just a moment while we sign you in to your Goodreads account. The arguments in the book are only bolstered by the fact that it was written in and chancelloe mentions credit default swaps and mortgage-backed securities as the possible instruments of a future bubble and crisis. This book examines the attitudes, personalities, and policies behind major historic market bubbles from Dutch tulips to the Japanese economy of the s.