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The Futures: The Rise of the Speculator and the Origins of the World's Biggest
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The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets Hardcover - 2010

by Emily Lambert


From the publisher

In The Futures, Emily Lambert, senior writer at Forbes magazine, tells us the rich and dramatic history of the Chicago Mercantile Exchange and Chicago Board of Trade, which together comprised the original, most bustling futures market in the world. She details the emergence of the futures business as a kind of meeting place for gamblers and farmers and its subsequent transformation into a sophisticated electronic market where contracts are traded at lightning-fast speeds. Lambert also details the disastrous effects of Wall Street's adoption of the futures contract without the rules and close-knit social bonds that had made trading it in Chicago work so well. Ultimately Lambert argues that the futures markets are the real "free" markets and that speculators, far from being mere parasites, can serve a vital economic and social function given the right architecture. The traditional futures market, she explains, because of its written and cultural limits, can serve as a useful example for how markets ought to work and become a tonic for our current financial ills.

Details

  • Title The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets
  • Author Emily Lambert
  • Binding Hardcover
  • Edition 1st
  • Pages 226
  • Volumes 1
  • Language ENG
  • Publisher Basic Books (AZ), New York
  • Date 2010-12
  • ISBN 9780465018437 / 0465018432
  • Weight 0.92 lbs (0.42 kg)
  • Dimensions 9.3 x 6.4 x 1.2 in (23.62 x 16.26 x 3.05 cm)
  • Ages 18 to UP years
  • Grade levels 13 - UP
  • Library of Congress subjects Chicago (Ill.) - History, Commodity exchanges - Illinois - Chicago -
  • Library of Congress Catalog Number 2010027676
  • Dewey Decimal Code 332.644

About the author

Emily Lambert is senior writer for Forbes magazine, where she covers finance and trading. She has also written for the New York Post and currently lives in Chicago.
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The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets
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The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets

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The Futures : The Rise of the Speculator and the Origins of the World's Biggest Markets

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The Futures : The Rise of the Speculator and the Origins of the World's Biggest Markets

by Emily Lambert

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The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets

by Lambert, Emily

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The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets

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The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets
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The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets

by Lambert, Emily

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The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets

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The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets

by Emily Lambert

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The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets

by Lambert, Emily

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