Economist on Wall Street
by
Peter L. Bernstein - Lawrence H. Summers
Contains observations that reflect on issues such as the outlook for inflation and its control, the intricacies of monetary policy, the future of the dollar, and the dilemmas of household finances. This title includes insights into the art of investment management, the capital markets, gold and the dollar, and the fun of being alive.
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Complete description
One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as "Economist on Wall Street", "A Primer on Money, Banking, and Gold", and "The Price of Prosperity" which have forewords by financial luminaries and new introductions by the author you can enjoy some of the best of Bernstein in his earlier Wall Street days. Peter Bernstein's "Economist on Wall Street" is a collection of writings from 1955 to 1970.The book is especially interesting because so many of Bernstein's observations reflect the most important issues of the present the outlook for inflation and its control, the intricacies of monetary policy, the future of the dollar, and the dilemmas of household finances. Bernstein was also concerned with developments in portfolio management, including the new influence of institutional investors and rules for optimal asset mixes. He provides light touches, too, as he indulges in fantasies and philosophical musings over a wide variety of topics.
With so many years of hindsight, we should not be surprised to find some of Bernstein's predictions running awry. But why? In each instance, these forecasts were biased by memories of the past. There is a big lesson to be learned there. "Economist on Wall Street" is a remarkable book, with lasting relevance and keen insights into the art of investment management, the capital markets, gold and the dollar, and the fun of being alive.
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General info
Publisher & Imprint:
Wiley-Blackwell (an imprint of John Wiley & Sons Ltd)
City:
Chicester
Pages:
336
More info:
height 204 mm
width 127 mm
weight 338 gr
thickness 22 mm
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Age recommended:
Professional and scholarly
Subject Indexing & Classification
Dewey: 330.9730924
Library of Congress Subject: Stock exchanges - United States
Summary
Economist on Wall Street
New Foreword by Arthur Levitt Jr. Original Foreword by Gilbert E. Kaplan. New Introduction. Original Introduction. Chapter 1: Priorities Is ... Chapter 2 : The Feel of the Market. Chapter 3: Inflation and the Economy. Chapter 4: Gold and the Balance of Payments. Chapter 5: How Wrong Can You Be? Chapter 6: The Economist as Portfolio Manager. Chapter 7: Philosophy and Fantasy. Index.
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