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About this product
Product Identifiers
PublisherMartino FINE Books
ISBN-101614277397
ISBN-139781614277392
eBay Product ID (ePID)229059897
Product Key Features
Book TitleEvolution of Finance Capitalism
Number of Pages448 Pages
LanguageEnglish
Publication Year2014
TopicEconomic History, Corporate & Business History
IllustratorYes
GenreBusiness & Economics
AuthorGeorge W. Edwards
FormatTrade Paperback
Dimensions
Item Height1 in
Item Weight24.2 Oz
Item Length9.2 in
Item Width6.1 in
Additional Product Features
Intended AudienceTrade
TitleLeadingThe
Dewey Decimal332.6
Synopsis2014 Reprint of Original 1938 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. Edwards provides a detailed, interesting and well documented account of the development of a security capitalism whose outstanding characteristics are considered to the separation of the owner of securities from the management of enterprise and the impersonalization of the "savings-investor" and the "savings-receiver." Beginning with a rising tide of investment in government securities, the pattern of development proceeds through the financing of the early public and private transportation companies, of the basic industries, including the railways; of foreign expansion; of preparation for war, and war; and finally, of a pervasion holding company structure. Everywhere its rise and development has been followed by crisis. For Edwards the main difficulty seems to be that those who garnered the economic power over financial manipulation tended almost universally toward "irresponsibility" in the matter of keeping a reasonable relationship between capitalization and real investment, resulting in excessive instability in the economic system.