Is your investment in that new Internet stock a sign of stock
market savvy or an act of peculiarly American speculative folly?
How has the psychology of investing changed--and not changed--over
the last five hundred years? Edward Chancellor
examines the nature of speculation--from medieval Europe to the
Tulip mania of the 1630s to today''s Internet stock craze. A
contributing writer to The Financial Times and
The Economist, looks 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. Drawing colorfully on the words of such
speculators as Sir Isaac Newton, Daniel Defoe, Ivan
Boesky, and Hillary Rodham Clinton,
Devil Take the Hindmost is part history, part
social science, and purely illuminating: an erudite and hugely
entertaining book that is more timely today than ever before.