John Cassidy
DOT.CON

 This is a sceptical history of the internet/stock market boom. John Cassidy argues that what we have just witnessed wasn't simply a stock market bubble; it was a social and cultural phenomenon driven by broad historical forces. Cassidy explains how these forces combined to produce the buying hysteria that drove the prices of loss-making companies into the stratosphere. Much has been made of Alan Greenspan's phrase "irrational exuberance", but Cassidy shows that there was nothing irrational about what happened. The people involved - fund managers, stock analysts, journalists and pundits - were simply acting in their own self-interest. Technology provided the raw material for the boom, but that is only part of the story. "Dot.con" describes and explains the all-too-human behaviour of the stock market bubble: how it got going; sustained itself for longer than anybody expected; and then, just when people were starting to think it might not be a speculative bubble after all, went pop.


Paperback: 416 pages
Publisher: Penguin Books Ltd; New edition edition (31 Jan 2003)
Language English
ISBN-10: 014[zasłonięte]6668
ISBN-13: 978-[zasłonięte][zasłonięte]10066
Product Dimensions: 19.2 x 12.8 x 2 cm

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