Title
Making Markets: Opportunism And Restraint On Wall Street-used
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In The Wake Of Milliondollar Scandals Brought About By Michael Milken, Ivan Boesky, And Their Like, Wall Street Seems Like The Province Of Rampant Individualism Operating At The Outermost Extremes Of Selfinterest And Greed. But This, Mitchel Abolafia Suggests, Would Be A Case Of Missing The Real Culture Of The Street For The Characters Who Dominate The Financial News.Making Markets, An Ethnography Of Wall Street Culture, Offers A More Complex Picture Of How The Market And Its Denizens Work. Not Merely Masses Of Individuals Striving Independently, Markets Appear Here As Socially Constructed Institutions In Which The Behavior Of Traders Is Suspended In A Web Of Customs, Norms, And Structures Of Control. Within These Structures We See The Actions That Led To The Drexel Burnham And Salomon Brothers Debacles Not As Bizarre Aberrations, But As Mere Exaggerations Of Behavior Accepted On The Street.Abolafia Looks At Three Subcultures That Coexist In The World Of Wall Street: The Stock, Bond, And Futures Markets. Through Interviews, Anecdotes, And The Author'S Skillful Analysis, We See How Traders And New York Stock Exchange 'Specialists' Negotiate The Perpetual Tension Between Shortterm Selfinterest And Longterm Selfrestraint That Marks Their Respective Communitiesand How The Temptation Toward Excess Spurs Market Activity. We Also See The Complex Relationships Among Those Market Communitieswhy, For Instance, Nyse Specialists Resent The Freedoms Permitted Overthecounter Bond Traders And Futures Traders. Making Markets Shows Us That What Propels Wall Street Is Not A Fundamental Human Drive Or Instinct, But Strategies Enacted In The Context Of Social Relationships, Cultural Idioms, And Institutionsa Cycle That Moves Between Phases Of Unbridled Selfinterest And Collective Selfrestraint.
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- Q: What is the page count of 'Making Markets'? A: The book has two hundred forty pages. This detailed ethnography explores Wall Street culture and market dynamics.
- Q: What type of binding does this book have? A: It features a hardcover binding. This provides durability and a premium feel for readers.
- Q: Who is the author of 'Making Markets'? A: The author is Mitchel Abolafia. He presents an insightful analysis of Wall Street behaviors and cultures.
- Q: What is the genre of 'Making Markets'? A: It is categorized under Economics. The book delves into the complexities of financial markets.
- Q: What are the dimensions of 'Making Markets'? A: The dimensions are six point twenty-six inches in length, one inch in width, and nine point five inches in height. This makes it a standard-sized hardcover book.
- Q: How should I read 'Making Markets'? A: You can read it like any other book, ideally in a quiet space for concentration. The text is suitable for adults interested in economics and finance.
- Q: Is 'Making Markets' suitable for beginners in finance? A: Yes, it is suitable for beginners. The book provides foundational insights into market culture and behaviors.
- Q: What themes are explored in 'Making Markets'? A: The book explores themes of self-interest, cultural norms, and institutional behavior on Wall Street. It provides a nuanced view of financial markets.
- Q: What should I do to take care of this book? A: Keep it in a cool, dry place to avoid damage. Avoid exposing it to direct sunlight to preserve the cover and pages.
- Q: Can I clean the book if it gets dirty? A: Yes, you can gently wipe the cover with a soft, dry cloth. Avoid using water or cleaning solutions on the pages.
- Q: How do I store 'Making Markets' safely? A: Store it upright on a shelf or in a bookcase. This prevents bending and ensures it remains in good condition.
- Q: Is this book suitable for young adults? A: Yes, it is suitable for young adults interested in economics. However, some themes may require adult guidance.
- Q: Does 'Making Markets' compare to other finance books? A: Yes, it offers a unique ethnographic perspective compared to traditional finance textbooks. It emphasizes the cultural aspects of market behaviors.
- Q: What if the book arrives damaged? A: Contact the seller for a return or replacement. Most sellers have policies in place for damaged items.
- Q: What if I have issues with the book's content? A: You can reach out to forums or book clubs for discussions. Engaging with others can enhance your understanding of the material.
- Q: Is there a warranty for 'Making Markets'? A: Typically, books do not come with a warranty. However, check with the retailer for any return policies.