Fortune Tellers: The Story of America's First Economic Forecasters (Record no. 1830)

000 -LEADER
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003 - CONTROL NUMBER IDENTIFIER
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005 - DATE AND TIME OF LATEST TRANSACTION
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 978-0-691-16919-4
040 ## - CATALOGING SOURCE
Transcribing agency IZA
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Friedman, Walter A.
9 (RLIN) 4834
245 ## - TITLE STATEMENT
Title Fortune Tellers: The Story of America's First Economic Forecasters
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Princeton, NJ,
Name of publisher, distributor, etc. Princeton University Press,
Date of publication, distribution, etc. 2014
300 ## - PHYSICAL DESCRIPTION
Extent 273 pages
520 ## - SUMMARY, ETC.
Summary, etc. The period leading up to the Great Depression witnessed the rise of the economic forecasters, pioneers who sought to use the tools of science to predict the future, with the aim of profiting from their forecasts. This book chronicles the lives and careers of the men who defined this first wave of economic fortune tellers, men such as Roger Babson, Irving Fisher, John Moody, C. J. Bullock, and Warren Persons. They competed to sell their distinctive methods of prediction to investors and businesses, and thrived in the boom years that followed World War I. Yet, almost to a man, they failed to predict the devastating crash of 1929.<br/><br/>Walter Friedman paints vivid portraits of entrepreneurs who shared a belief that the rational world of numbers and reason could tame — or at least foresee — the irrational gyrations of the market. Despite their failures, this first generation of economic forecasters helped to make the prediction of economic trends a central economic activity, and shed light on the mechanics of financial markets by providing a range of statistics and information about individual firms. They also raised questions that are still relevant today. What is science and what is merely guesswork in forecasting? What motivates people to buy forecasts? Does the act of forecasting set in motion unforeseen events that can counteract the forecast made?<br/><br/>Masterful and compelling, Fortune Tellers highlights the risk and uncertainty that are inherent to capitalism itself.
653 ## - INDEX TERM--UNCONTROLLED
Uncontrolled term economic forecast
Uncontrolled term forecasting
Uncontrolled term history
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://press.princeton.edu/books/hardcover/9780691159119/fortune-tellers">https://press.princeton.edu/books/hardcover/9780691159119/fortune-tellers</a>
Link text Publisher's website
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme
Koha item type Monography
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent Location Current Location Date acquired Total Checkouts Full call number Barcode Date due Date last seen Date last checked out Price effective from Koha item type
          Library Library 2019-10-14 2 C8 174 00140270 2023-08-31 2023-08-31 2023-08-31 2019-10-14 Monography
Deutsche Post Stiftung
 
Istitute of Labor Economics
 
Institute for Environment & Sustainability
 

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