With compelling clarity, Henwood dissects the world’s greatest financial center, laying open the Intricacies of how, and for whom, the market works. The Wall. In , though, such arguments were pretty close to unheard of. Which is what makes Doug Henwood’s book Wall Street, published that year. PUBLISHERS WEEKLY. ADVERTISEMENT. Wall Street: How It Works and for Whom. Doug Henwood, Author Verso $25 (p) ISBN
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Oftentimes, policies that benefit holders of financial assets are promoted using the argument that “Hey, almost everyone owns some stock. Basically, if you have a ton of money, you are pitted against economic growth.
Internet blag of the year – “Wall Street” — Crooked Timber
Henwood has written four books. The politics are left to a minimum and the book and it seeks an objective view of all major stakeholders and what they do in Wall Street.
If private equity investment follows market valuations then the market is a capital allocation mechanism and source of funding, even if it is indirect. This is a really good book if you want to understand how the financial system works in the U. Jul 21, Jon-Erik rated it really liked it Shelves: He publishes a newsletter, Left Business Observerthat analyzes economics and politics from a left-wing perspective, is co-owner and co-editor, along with Phillipa Dunne, of The Liscio Reportan independent newsletter focusing on macroeconomic analysis, and is a contributing editor at The Nation.
And though, as Henwood reveals, their activity contributes almost nothing to the real economy where goods are made and jobs created, they nevertheless wield enormous power. Edward Wygand rated it did not like it Jan 02, Behind the News features interviews with activists, intellectuals and academics, preceded by a summary of recent economic headlines.
However, it gives a larger view of what wall street is and how it operates. Can’t recommend it enough.
Rea This is a very good book in macro and microeconomics. Ed rated it it was amazing Jan 09, They live in Brooklyn with their son, Ivan, born 1 January This book focuses a lot on Keynes’ flaws and elitism, but his way is certainly a big improvement over the insane pro-rentier situation we are currently in.
This page was last edited on 13 Juneat He is doig author of a recent book… read more. Aug 05, Doug rated it liked it Recommends it for: More information about Wall Street.
He is the author of a recent book entitled Wall Street and he reiterated points that he had made in the book such as the relationship between Wall Street and ” Main Street “.
Internet blag of the year – “Wall Street”
The newsletter is widely followed in the investment community. It also discusses features of these markets, namely efficiency, disinformation, noise, fads, and bubbles. DH is often too facile with his examples–for instance, holding up Japanese keiretsu as an example of more equitable economic organization is a cartel really better for the little guy? I started reading this book because I’ve been sttreet some left-leaning econ bloggers Josh Mason, Mike Ehnwood and ran across mention of Henwood and this book a few times.
This is a very good book in macro and microeconomics. As soon as the labor market gets tight and unions make gains, the banks tighten up the money supply and stop economic growth. Read if you are a beginner.
It hdnwood currently out of print, but offered for free online. It’s right up there with Anarcho-Syndicalism and Notes on Anarchism. How can something so socially useless dominate American politics to such an extent that the only serious policy for solving the greatest economic crisis since is pumping money into socially useless Wall Street?
Wall Street: How It Works and for Whom
Dec 10, Kent rated it it was amazing Recommends it for: I was quite happy with the results. This book is about the inner workings of economics, from a left wing perspective. I understand it would have been a nightmare to manage before electronic booking and trading systems but now it should be possible. It made sense to me but since my training in economics amounts to one semester in college and some very scattered reading, I wondered if there was some subtle point that Henwood was glossing over and which would naturally escape me.
Check out the page for summaries of each weeks guests and topics. Feb 08, Rob Trump rated it really liked it. The needs of the bond markets long-term investments that are weakened by inflation have determined our low-growth economic policies and limited possibilities for unionization and economic equality in the U. There is also a lot of very good material on Keynesian economics, and a short essay on Social Security privatisation that is, despite having been written about ten years ago, much better, more quotable and freer of error than almost anything written in the last two years.
Interesting in parts, overly minute in others.
It is nice to see though that today, Keynes at least, is making a comeback. Be advised that this book is long and complicated not a fault of the writing. I cant wait to read his book on the end of the ‘new economy’, although after reading wall street I’m not sure what about it he would need to correct or change to account for the bursting of the dotcom or the housing bubbles, since some parts of the book read as if they were written in the middle of the TARP era. MP3 audio – Standard Price: I guess this is an example of the free-rider problem—I loved the ads, but someone else footed the bill.
If you want a critique of your college econ classes, read chapter 4 market modelspolisci check out 6 governance. Definitely comes with a left bias, but it’s not just muckraking — Henwood has mastered an extremely confusing subject and made it halfway intelligible to the layperson. Retrieved from ” https: Thanks for telling us about the problem. In an equally extraordinary act of generosity, Doug has decided to release it to the internet, gratis, under a Creative Commons Licence.
William Uspal rated it really liked it Jul 10, Just a moment while we sign you in to your Goodreads account. If you’re curious I’d recommend reading the introduction and chapter 2 players.