Reviews for The First Privatization: Politicians, the City and the Denationalization of Steel in 1953 (S...

The average rating for The First Privatization: Politicians, the City and the Denationalization of Steel in 1953 (S... based on 2 reviews is 3 stars.

Review # 1 was written on 2012-11-24 00:00:00 Chris Stermer Great mix on history of financial markets, psychology of speculation and biggest bubbles of all times. Three main lessons for me: - roots, motives and patterns for excessive speculation were always same, from Ancient Rome until today - If it's too good to be true- it's a bubble (unfortunately, desire for more wins against logic) - British and American industrial revolution, technological discoveries and creation of big companies were accompanied by large-scale scams, fraud, insider trading, corruption. Knew about this but was astonished by the scale and mass of those manipulations! Overall a very interesting read. Written in 1998, seems like not too many people have read it before 2000 technology bubble or 2008 crash....;)

Review # 2 was written on 2016-09-01 00:00:00 Richard Arietta One of the best economic books I've read in a long time, and I studied economics and read a lot of economic books. A compelling and balanced view of financial speculation that leads to the reasonable conclusion that the overextension of credit is the cause of financial instability. A must read.