I would recommend the book highly to all finance students.
I don't remember if Fox ever used the words "moral hazard" but he points out governmental rescues on the downside with no governmental control of the wild swing up.
Overall, Fox has written a very good book which covers a remarkable amount of material in only 322 pages.
This book is a must for anyone who wants an insight into why the economists have been responsible for almost every financial crisis the we have had to suffer - particularly... Read morePublished 11 days ago by Trevor Johnson
A phenomenal, addicting, bracing account of the personalities and pitfalls of a science that is truly dismal. Read morePublished 1 month ago by David Siegel
A fantastic read for all those interested in history of rational market finance.Published 6 months ago by Himanshu kapoor
Frankly, I did not read the book. What I have read was the interview with Mr Justin Fox on the Marketplace web site. Read morePublished 12 months ago by Pessakh Eugene Mayburd
Excellent exposition that draws together some otherwise disconnected concepts that you were probably taught in Eco 101 at university. Recommended.Published 13 months ago by Shane Delphine
Clearly, this author did his homework and presents a fascinating background/history of Wall Street. At times, it was a little hard to keep all of the players/dates in order but, at... Read morePublished 14 months ago by S. Kercheval
The book should be required reading for all investors (and certainly MBA students). Easy to read and comprehensive. I highly recommend it.Published 21 months ago by Larry
The story is accurate as far as it goes. There are newer better books on emerging economic theory such as Dan Ariely,'s Predictably Irrational and Pete Lunn's Basic Instincts. Read morePublished 22 months ago by Kenneth Davidson
Fox's book contains an engaging survey of the last 100 years or so of financial and economic theory. Read morePublished 23 months ago by Kevin Kroskey, CFP, MBA