The Trouble With Prosperity: The Loss of Fear, the Rise of Speculation, and the Risk to American Savings
Language: English
Published by Times Books (Random House), 1996
- First Edition
- Hardcover
- Used
Seller: Grayshelf Books, ABAA, IOBA, Tomball, TX, U.S.A.Grayshelf Books, ABAA, IOBA
AbeBooks seller since June 26, 2018
Condition: Used - Near fine
£ 23.17
Quantity: 1 available
Add to basketItem description from seller
First Edition/First Printing with the complete number line (ending in a "2", first printing indication for Random House at the time); a Near Fine book in a Very Good or better jacket, with only a tiny shadow from a previous price sticker to the front free paper, mild sunning to the spine and back panel, and some light rubbing to the edges, Not remaindered, not price-clipped, not ex-library; in a protective Mylar cover and will ship securely wrapped in a sturdy box.
Seller Inventory # 4173
- Title
- The Trouble With Prosperity: The Loss of Fear, the Rise of Speculation, and the Risk to American Savings
- Author
- Grant, James
- Publisher
- Times Books (Random House)
- Publication year
- 1996
- Condition
- Near Fine
- Dust jacket
- Very Good
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0812924398
- ISBN 13
- 9780812924398
- Edition
- 1st Edition
- Seller catalogs
- Economics/Finance
Grant insists that the hidden source of the strength of the Dow is heresy - ideas that were deemed financially sinful only a generation ago and have now been embraced with a millennial fervor. Alas, what goes up must come down. This is a book about cycles of optimism and pessimism, of bull markets and bear markets, and of orthodoxy and apostasy, which, as Grant writes, are as old as the capital markets themselves.
Grant's underlying theme is counterintuitive, even perverse. Success is universally praised, failure disparaged, but Grant seeks to understand the neglected virtues of failure. As he puts it, "Booms do not merely precede busts. In some important sense, they cause them." How and why that is so is the question he seeks to answer. Because people in markets make mistakes, he observes, tearing down is an indispensable part of the process of building up. The errors of the up cycle must be sorted out, reorganized, or auctioned off. Any social system can cope with success, but the genius of capitalism, he insights, is that it also excels at failure. And failure, he concludes, is at the least instructive, provided we are willing to draw its lessons. Moreover, it lays the foundation for later success. But too often we suppress its symptoms; we do so, Grant warns, at our peril.
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Grayshelf Books, ABAA, IOBA
Tomball, TX, U.S.A.
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Grayshelf Books is an online collectors library originating out of the love of collecting rare books. We specialize, but are not limited to, modern first editions in fiction from the 20th and 21st century. We also have inventory of rare works in Horror and Science Fiction. We guarantee all of our books in regards to the condition stated on the listing and all of our books are covered in archival protection jackets and shipped with the utmost care. Thanks for visiting!
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Grayshelf Books, ABAA, IOBA
TX, U.S.A.
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Bryan H. Young D.V.M.
dba Grayshelf Books, 19111 Desert Eagle Dr., Tomball, Tx 77377
Email - grayshelfbooks@gmail.com
409-692-2100
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