10 overlooked books that explain the American economy - Business Insider

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A Columbia professor says if you want to understand how Wall Street took over the American economy, you should read these 10 books

For further insight into specific episodes in American financial and economic history, from the rise of the giant corporation to the causes of the 2008 financial crisis, Lemann provided us with a reading list he used for his research. Some of these books were bestsellers upon publication, but all have been overlooked in recent years.

To them, that was the new normal, and could indeed be leveraged for the benefit of society through regulations that brought more transparency and accountability to shareholders."The second of many books by the legendary management consultant, this one is the result of first-hand research on the inner workings of General Motors, then in its heyday. Drucker proposes a new American social and economic order with the corporation at its center.

"The first and least well known of Galbraith's important books, this one treats the corporation as the dominant economic institution, but as one whose power must be curbed by other elements in society." There are two schools of antitrust in America: one in service of protecting consumers and one in service of competitors. Bork, a Yale law professor and former solicitor general of the US, was firmly in the former. He believed that the latter approach was unintentionally hurting American business by hampering the growth of successful companies.

 

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You seriously wrote that?

No need to read ten books on Wall Street. The catalysts are quite simple: government interventionism and central banks. They provided the soil, seed, fertilizer and fuel to divert massive amounts of economic activity into the finance sector, a massive malivestment bubble. mises

All you need is 1. Chronicles of Wall Street by John Moody.

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