Wall Street: How It Works and for Whom

Free eBook “Wall Street: How It Works and for Whom” by Wall Street: How It Works and for Whom. In this “down and dirty” diatribe about American finance, journalist and New York radio personality Henwood makes no attempt at a balanced portrayal of Wall Street. He aims to “embarrass official wisdom” and expose the financial world’s weaknesses, perhaps too gloatingly.

Book Description

This book inhabits a strange world between journalism and scholarship: the first three chapters in particular look at the empirical realities of the financial markets — the instruments traded and the agents doing the trading — and then the fourth and fifth chapters look at some of the things economists have said about finance over the past two centuries. I hope that I’ve managed to bring the two normally separate worlds together in an illuminating way, but of course the risk is that I’ll only succeed at alienating both the popular and the academic audience. It’s worth the risk. Most financial journalism is innocent of any theoretical and historical perspective, and academic work — mainstream and radical — is often indifferent to daily practice.

Table of Contents

• Introduction
• Instruments
• Players
• Ensemble
• Market models
• Renegades
• Governance
• What is (not) to be done?

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