The Government of Markets
Rasheed Saleuddin
Gebundenes Buch

The Government of Markets

How Interwar Collaborations between the CBOT and the State Created Modern Futures Trading

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Absent evidence to the contrary, it is usually assumed that US financial markets developed in spite of government attempts to regulate, and therefore laissez faire is the best approach for developing critically important and enduring market institutions. This book makes heavy use of extensive archival sources that are no longer publicly available to describe in detail the discussions inside the CBOT and the often private and confidential negotiations between industry leaders and government officials. This work suggests that, contrary to the accepted story, what we now know of as modern futures...