The Trouble With Prosperity: The Loss of Fear, the Rise of Speculation, and the Risk to American Savings
Language: English
Published by Crown, 1996
- Signed
- Hardcover
- Used
Seller: Wonder Book, Frederick, MD, U.S.A.Wonder Book
AbeBooks seller since November 1, 1997
Condition: Used - Good
£ 15.44
Quantity: 1 available
Add to basketItem description from seller
Signed Copy . Good dust jacket. Inscribed by author on front endpage. Slightly foxed.
Seller Inventory # W00B-01375
- Title
- The Trouble With Prosperity: The Loss of Fear, the Rise of Speculation, and the Risk to American Savings
- Author
- Grant, James
- Publisher
- Crown
- Publication year
- 1996
- Condition
- Good
- Dust jacket
- Dust Jacket Included
- Signed
- Signed by Author(s)
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0812924398
- ISBN 13
- 9780812924398
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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With 3 stores less than 1 hour outside the DC/Metropolitan area (1 in Gaithersburg, 1 in Frederick and 1 in Hagerstown, MD), we have the largest selection of books in the tri-state area. Wonder Book and Video has been in business since 1980 and online since 1997. We have over 1 Million books for sale on our website and another 1 Million books for sale in our 3 locations. Items on Abe are not necessarily in stock at our retail locations. Please do not call the stores to place orders for Abe Books sales. We have a very active online inventory and as such, we can receive multiple orders for the same item. We fill those orders on a first come first serve basis, but will refund promptly any items that are out of stock. Since 1980 it has always been about the books. ALL kinds of books from 95 cent children's paperbacks to five figure rare and collectibles. A merging of the old and new is where we started, and it is where we are today. Our retail stores have always been places where a reader can rush in looking for a title needed for a term paper that is due the next day, or where bibliophiles can get lost "in the stacks" for as long as they wish. In 2002 USAToday recognized us as "1 of 10 Great Old Bookstores", and we have been featured in numerous other newspaper and TV stories including Washington Post and CSpan. Members ABAA, ILAB.…
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