The Causes of the 1929 Stock Market Crash
商品資訊
系列名：CONTRIBUTIONS IN ECONOMICS AND ECONOMIC HISTORY
ISBN13：9780313306297
替代書名：The Causes of the 1929 Stock Market Crash
出版社：Greenwood Pub Group
作者：Harold Bierman
出版日：1998/04/30
裝訂／頁數：精裝／162頁
規格：21.6cm*14.6cm*1.9cm (高/寬/厚)
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藍思閱讀分級： 1300L
定價
：NT$ 6657 元若需訂購本書，請電洽客服 02-25006600[分機130、131]。
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商品簡介
Attempting to reveal the real causes of the 1929 market crash, Bierman refutes the popular belief that wild speculation had excessively driven up stock market prices and resulted in the crash. Although he acknowledges some prices of stocks such as utilities and banks were overpriced, reasonable explanations exist for the level and increase of all other securities prices. Indeed, if stocks were overpriced in 1929, then they are even more overpriced in the current era of staggering growth in stock prices and investment in securities. The causes of the 1929 crash, Bierman argues, lie in an unfavorable decision by the Massachusetts Department of Public Utilities coupled with the popular practice known as debt leverage in the 1920s corporate and investment arena.
作者簡介
HAROLD BIERMAN, JR. is the Nicholas H. Noyes Professor of Business Administration at the Johnson Graduate School of Management, Cornell University. He is the author of several books, includingThe Great Myths of 1929 and the Lessons to Be Learned (Greenwood, 1991).
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