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The Resource Fortune tellers : the story of America's first economic forecasters, Walter A. Friedman

Fortune tellers : the story of America's first economic forecasters, Walter A. Friedman

Label
Fortune tellers : the story of America's first economic forecasters
Title
Fortune tellers
Title remainder
the story of America's first economic forecasters
Statement of responsibility
Walter A. Friedman
Creator
Author
Subject
Genre
Language
eng
Summary
"The period leading up to the Great Depression witnessed the rise of the economic forecasters, pioneers who sought to use the tools of science to predict the future, with the aim of profiting from their forecasts. This book chronicles the lives and careers of the men who defined this first wave of economic fortune tellers, men such as Roger Babson, Irving Fisher, John Moody, C. J. Bullock, and Warren Persons. They competed to sell their distinctive methods of prediction to investors and businesses, and thrived in the boom years that followed World War I. Yet, almost to a man, they failed to predict the devastating crash of 1929.Walter Friedman paints vivid portraits of entrepreneurs who shared a belief that the rational world of numbers and reason could tame--or at least foresee--the irrational gyrations of the market. Despite their failures, this first generation of economic forecasters helped to make the prediction of economic trends a central economic activity, and shed light on the mechanics of financial markets by providing a range of statistics and information about individual firms. They also raised questions that are still relevant today. What is science and what is merely guesswork in forecasting? What motivates people to buy forecasts? Does the act of forecasting set in motion unforeseen events that can counteract the forecast made? Masterful and compelling, Fortune Tellers highlights the risk and uncertainty that are inherent to capitalism itself"--
Assigning source
Provided by publisher
Biography type
collective biography
Cataloging source
DLC
Illustrations
illustrations
Index
index present
LC call number
HC102.5.A2
LC item number
F76 2014
Literary form
non fiction
Nature of contents
bibliography
Fortune tellers : the story of America's first economic forecasters, Walter A. Friedman
Label
Fortune tellers : the story of America's first economic forecasters, Walter A. Friedman
Publication
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Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier MARC source
rdacarrier
Content category
text
Content type MARC source
rdacontent
Contents
Roger W. Babson : the rule of past patterns : "The fundamental law of 'action reaction'" -- Irving Fisher : the economy as a mathematical model : "The velocity of money" -- John Moody : the bright light of transparency : "An aggregation of over 440 large industrial, franchise and transportation trusts" -- Gallery of business and forecasting charts -- C.J. Bullock and Warren Persons : the Harvard ABC chart : "The statistician ... attempts to find a specific analogy existing in an orderly universe" -- Wesley Mitchell and Herbert Hoover : forecasting as policy : "If we could foresee the business cycle, there would be none" -- Visions of the future
http://library.link/vocab/cover_art
https://contentcafe2.btol.com/ContentCafe/Jacket.aspx?Return=1&Type=S&Value=9780691159119&userID=ebsco-test&password=ebsco-test
Dimensions
25 cm
http://library.link/vocab/discovery_link
{'f': 'http://opac.lib.rpi.edu/record=b3525484'}
Extent
xi, 273 pages
Isbn
9780691159119
Isbn Type
(hardback)
Lccn
2013031457
Media category
unmediated
Media MARC source
rdamedia
Other physical details
illustrations
System control number
(OCoLC)858778194

Library Locations

    • Folsom LibraryBorrow it
      110 8th St, Troy, NY, 12180, US
      42.729766 -73.682577
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