Friedman, W: Fortune Tellers
(Sprache: Englisch)
The period leading up to the Great Depression witnessed the rise of the economic forecasters, pioneers who sought to use the tools of science to predict the future, with the aim of profiting from their forecasts. This book chronicles the lives and careers...
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Klappentext zu „Friedman, W: Fortune Tellers “
The period leading up to the Great Depression witnessed the rise of the economic forecasters, pioneers who sought to use the tools of science to predict the future, with the aim of profiting from their forecasts. This book chronicles the lives and careers of the men who defined this first wave of economic fortune tellers, men such as Roger Babson, Irving Fisher, John Moody, C. J. Bullock, and Warren Persons. They competed to sell their distinctive methods of prediction to investors and businesses, and thrived in the boom years that followed World War I. Yet, almost to a man, they failed to predict the devastating crash of 1929. Masterful and compelling, Fortune Tellers highlights the risk and uncertainty that are inherent to capitalism itself.
Inhaltsverzeichnis zu „Friedman, W: Fortune Tellers “
Preface ix Introduction 1 Chapter 1 Roger W. Babson: The Rule of Past Patterns 12 "The fundamental law of 'action reaction' " Chapter 2 Irving Fisher: The Economy as a Mathematical Model 51 "The velocity of money" Chapter 3 John Moody: The Bright Light of Transparency 86 "An aggregation of over 440 large industrial, franchise and transportation Trusts" Gallery of Business and Forecasting Charts Chapter 4 C. J. Bullock and Warren Persons: The Harvard ABC Chart 128 "The statistician ... attempts to find a specific analogy existing in an orderly universe" Chapter 5 Wesley Mitchell and Herbert Hoover: Forecasting as Policy 166 "If we could foresee the business cycle, there would be none" Chapter 6 Visions of the Future 194 Postscript 209 Acknowledgments 213 Notes 217 Index 261
Autoren-Porträt von Walter A. Friedman
Walter A. Friedman is a historian at Harvard Business School and the author of Birth of a Salesman: The Transformation of Selling in America.
Bibliographische Angaben
- Autor: Walter A. Friedman
- 2014, XI, 273 Seiten, 28 Abbildungen, Maße: 16,1 x 24,1 cm, Gebunden, Englisch
- Verlag: Princeton Univers. Press
- ISBN-10: 0691159114
- ISBN-13: 9780691159119
Sprache:
Englisch
Rezension zu „Friedman, W: Fortune Tellers “
"Fortune Tellers tells the remarkable story of the first generation of economic forecasters in the United States. Like Robert Heilbroner's Worldly Philosophers, it combines biographical vignettes with intellectual history in an engaging narrative that documents the perilous relationship between professional expertise, economic theory, and cultural norms."--Richard R. John, author of Network Nation: Inventing American Telecommunications
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