Tag Archives | Lawrence Mitchell

The Speculation Economy

The Speculation Economy: How Finance Triumphed Over Industry

Lawrence Mitchell chronicles the formative era of what he calls The Speculation Economy between 1897 and 1919 when the American corporate landscape shifted from independent factories controlled by entrepreneurs to one driven by financiers, promoters, and business managers focused on the stock price – “stock market capitalism” – where more is made from legal and financial manipulation […]

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