| Author: |
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John Cassidy
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| Title: |
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Dot.Con |
| Moochable copies: |
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No copies available |
| Amazon suggests: |
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| Topics: |
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| Published in: |
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English |
| Binding: |
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Paperback |
| Pages: |
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416 |
| Date: |
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2003-01-30 |
| ISBN: |
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0141006668 |
| Publisher: |
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Penguin Books Ltd |
| Weight: |
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0.71 pounds |
| Size: |
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5.04 x 7.56 x 0.79 inches |
Amazon prices: |
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| Previous givers: |
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3 Ellen (United Kingdom), Rich (United Kingdom), Alan (Ireland) |
| Previous moochers: |
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3 Rich (United Kingdom), Alastair (United Kingdom), Emma (United Kingdom) |
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| Description: |
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Product Description
This is a sceptical history of the internet/stock market boom. John Cassidy argues that what we have just witnessed wasn't simply a stock market bubble; it was a social and cultural phenomenon driven by broad historical forces. Cassidy explains how these forces combined to produce the buying hysteria that drove the prices of loss-making companies into the stratosphere. Much has been made of Alan Greenspan's phrase "irrational exuberance", but Cassidy shows that there was nothing irrational about what happened. The people involved - fund managers, stock analysts, journalists and pundits - were simply acting in their own self-interest. Technology provided the raw material for the boom, but that is only part of the story. "Dot.con" describes and explains the all-too-human behaviour of the stock market bubble: how it got going; sustained itself for longer than anybody expected; and then, just when people were starting to think it might not be a speculative bubble after all, went pop.
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| URL: |
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http://bookmooch.com/0141006668 |
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