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Excerpt from The Work of the Stock Exchange
Finally, the many controversial questions with which the whole subject of financial economics abounds have wherever possible been avoided, for the writer claims no adherence to any particular school of economic thought, nor has he any de sire, by producing either a panegyric or polemic, to enter into controversy for its own sake. Yet certain mooted problems have inevitably stood in his path, and they have been met with such fairness and practical knowledge of the subject as the author possesses. It is doubtless too much to think that all economists will agree with the views expressed in the present volume, for thus far no economic work of like nature has ever enjoyed so happy a fate. Enough will have been done if he has described and explained the machinery and the functions of the Exchange simply and clearly, without bandying abstrae tions, or employing the cloudy and impotent metaphysics into which economic controversy only too often degenerates.
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Paperback. Condizione: New. Print on Demand. This book offers a meticulous examination of the evolution and significance of securities in the contemporary economic landscape. The author elucidates the historical development of government financing and corporate securities, tracing their origins from the earliest forms of public and private borrowing. The book delves into the complexities of government debt and the role of securities in financing wars and public projects. It also explores the rise of the stock corporation, emphasizing its impact on business organization and the mobilization of capital. The author examines the various types of securities, including stocks, bonds, and derivatives, and explains their distinct characteristics and functions. The book sheds light on the mechanisms of stock exchanges and their vital role in facilitating the trading of securities. This book provides a comprehensive analysis of the economic, social, and historical forces that have shaped the world of securities. It offers valuable insights into the complex interactions between governments, corporations, investors, and the markets that connect them, making it an indispensable guide for anyone seeking to understand the intricacies of the financial system. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Codice articolo 9781330265925_0
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