The Speculation Economy
How Finance Triumphed Over Industry
By (author) Lawrence E. Mitchell
Normal Price: $66.61
Your Price: $59.95 AUD, inc. GST
Shipping: $7.95 per order
You Save: $6.66! (10% off normal price)
Plus...earn $3.00 in Boomerang Bucks
Availability: Available, ships in 8-11 days
Speculation Economy by Lawrence E. Mitchell
Book DescriptionAmerican companies once focused exclusively on providing the best products and services. But today, most corporations are obsessed with maximizing their stock prices, resulting in short-term thinking and the kind of cook-the-books corruption seen in the Enron and WorldCom scandals. How did this happen?In this groundbreaking book, Lawrence E. Mitchell traces the origins of the problem to the first decade of the 20th century, when industrialists and bankers began merging existing companies into huge "combines" - today's giant corporations - so they could profit by manufacturing and selling stock in these new entities. He describes and analyzes the legal changes that made this possible, the federal regulatory efforts that missed the significance of this transforming development, and the changes in American society and culture that led more and more Americans to enter the market, turning from relatively safe bonds to riskier common stock in the hopes of becoming rich.Financiers and the corporations they controlled encouraged this trend, but as stock ownership expanded and businesses were increasingly forced to cater to stockholders' "get rich quick" expectations, a subtle but revolutionary shift in the nature of the American economy occurred: finance no longer served industry; instead, industry began to serve finance. "The Speculation Economy" analyzes the history behind the opening of this economic Pandora's box, the root cause of so many modern acts of corporate malfeasance.
Buy Speculation Economy book by Lawrence E. Mitchell from Australia's Online Bookstore, Boomerang Books.
Book DetailsISBN: 9781576754009
(95mm x 65mm x 13mm)
Publish Date: 13-Sep-2007
Country of Publication: United States
Books By Author Lawrence E. Mitchell
» Have you read this book? We'd like to know what you think about it - write a review about Speculation Economy book by Lawrence E. Mitchell and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)
Author Biography - Lawrence E. Mitchell
Lawrence Mitchell is Theodore Rinehart Professor of Business Law at George Washington University. He is the author of Corporate Irresponsibility: America's Newest Export, Stacked Deck: A Story of Selfishness in America, and Progressive Corporate Law.
Bestselling Books: Our Current Bestsellers | Australia's Hottest 1000 Books | Bestselling Fiction | Bestselling Crime Mysteries and Thrillers | Bestselling Non Fiction Books | Bestselling Sport Books | Bestselling Gardening and Handicrafts Books | Bestselling Biographies | Bestselling Food and Drink | Bestselling History | Bestselling Travel Books | Bestselling School Textbooks & Study Guides | Bestselling Children's General Non-Fiction | Bestselling Young Adult Fiction | Bestselling Children's Fiction | Bestselling Picture Books | Top 100 US Bestsellers
Phone: 1300 36 33 32 (9am-5pm Mon-Fri AEST) - International: +61 2 9960 7998 - Online Form
Address: Boomerang Books, 878 Military Road, Mosman Junction, NSW, 2088
© 2003-2017. All Rights Reserved. Eclipse Commerce Pty Ltd - ACN: 122 110 687 - ABN: 49 122 110 687
For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.