Finance in America : an unfinished story / Kevin R. Brine and Mary Poovey.

Format:

Book

Author/Creator:

Brine, Kevin R., author.

Poovey, Mary, author.

Language:

English

Subjects (All):

Finance--United States--History--20th century.

Finance.

Finance--United States--History--21st century.

Economics--United States--History--20th century.

Economics.

History.

United States.

Genre:

History.

Physical Description:

x, 499 pages ; 23 cm

Place of Publication:

Chicago : The University of Chicago Press, 2017.

Summary:

The economic crisis of 2008 led to an unprecedented focus on the world of high finance-and revealed it to be far more arcane and influential than most people could ever have imagined. Any hope of avoiding future crises, it's clear, rests on understanding finance itself. To understand finance, however, we have to learn its history, and this book fills that need. Kevin R. Brine, an industry veteran, and Mary Poovey, an acclaimed historian, show that finance as we know it today emerged gradually in the late nineteenth century and only coalesced after World War II, becoming ever complicated-and ever more central to the American economy. The authors explain the models, regulations and institutions at the heart of modern finance and uncover the complex and sometimes surprising origin of its critical features, such as corporate accounting standards, the Federal Reserve System, risk management practices, and American Keynesian and New Classic monetary economics. This book sees finance through its high and lows, from pre-Depression to post-Recession, exploring the myriad ways in which the practices of finance and the realities of the economy influenced one another through the Years. A masterwork of collaborations, Finance in America lays bare the theories and practices that constitute finance, opening up the discussion of its role and risks to a broad range of scholars and citizens. Kevin R. Brine is an author, artist, and private investor. A Wall Street Veteran, Brine spent over two decades as a board members and senior executive of a prominent investment management and research company and subsequently served on the board of a New York Stock Exchange insurance company. Mary Poovey has recently retired from her position as Samuel Rudin University Professor in the Humanities at New York University. She is the author of numerous books, including A History of the Modern Fact: Problems of Knowledge in the Sciences of Wealth and Society and Genres of the Credit Economy: Mediating Value in Eighteenth- and Nineteenth-Century Britain. Book jacket.

Contents:

Introduction

Early twentieth-century origins of American finance: the rise of the American corporation and the creation of the Federal Reserve System

Early twentieth-century American economic and financial theory

Statistics in America and the governance of the modern state

American finance in the interwar period

US finance: equity and fixed income market research, 1920-1940

Measuring and taxing the US economy in the interwar period

Models of economies and finance, 1930-1940

Postwar economics in America, 1944-1970

Modern finance

The transformation of American finance.

Notes:

Includes bibliographical references and index.

ISBN:

9780226502045

022650204X

9780226502182

022650218X

OCLC:

975949359