Beschreibung Fortune Tellers: The Story of America's First Economic Forecasters. A gripping history of the pioneers who sought to use science to predict financial marketsThe 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.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?Masterful and compelling, Fortune Tellers highlights the risk and uncertainty that are inherent to capitalism itself.
Fortune Tellers: The Story of America's First Economic ~ Fortune Tellers: The Story of America's First Economic Forecasters (English Edition) eBook: Friedman, Walter: : Kindle-Shop
Fortune Tellers: The Story of America's First Economic ~ Walter A. Friedman's Fortune Tellers moves back to the turn of the twentieth century to present the first Americans who attempted to describe, explain, and predict the movements of the economy. His remarkably adept treatments of the early preâWorld War II forecasters Roger Babson, Irving Fisher, John Moody, C. J. Bullock and Warren Persons, and Wesley Clair Mitchell (with Herbert Hoover .
Walter A. Friedman. Fortune Tellers: The Story of America ~ Today we talk of leading and lagging indicators, DSGE forecasts, Purchasing Managers Index (PMI) surveys, and confidence indexes and imagine ourselves far removed from the world of Babson et al. Friedman's Fortune Tellers: The Story of America's First Economic Forecasters reminds us that we are not at all as far removed as we would like to think.
Fortune Tellers The Story of Americaâs First Economic ~ Fortune Tellers The Story of Americaâs First Economic Forecasters by Walter Friedman Ebook (PDF) Free Download
BBC World Service - 50 Things That Made the Modern Economy ~ Fortune Tellers: The Story of a Amercia's First Economic Forecasters Walter A. Friedman, Princeton University The Economics of Prohibition Mark Thornton 1991, University of Utah Press
Walter A. Friedman - Faculty - Harvard Business School ~ Walter A. Friedman is Director of the Business History Initiative and Lecturer. He edits Business History Review with Geoff Jones. He specializes in business, labor, and economic history. He is author of Fortune Tellers: The Story of America's First Economic Forecasters (2013) and Birth of a Salesman: The Transformation of Selling in America (2004).
Walter A. Friedman â Wikipedia ~ Birth of a Salesman. The Transformation of Selling in America. Harvard University Press, 2004, ISBN 0-674-01298-4. als Herausgeber mit Geoffrey Jones: Business History. Edward Elgar Publishing Ltd., Cheltenham, England 2013, ISBN 978-1-781955260. Fortune Tellers. The Story of America's First Economic Forecasters.
Economic forecasting - Wikipedia ~ Economic forecasting is the process of making predictions about the economy. Forecasts can be carried out at a high level of aggregationâfor example for GDP, inflation, unemployment or the fiscal deficitâor at a more disaggregated level, for specific sectors of the economy or even specific firms.Economic forecasting is a measure to find out the future prosperity of a pattern of investment .
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Fortune-telling - Wikipedia ~ Fortune telling is the practice of predicting information about a person's life. The scope of fortune telling is in principle identical with the practice of divination.The difference is that divination is the term used for predictions considered part of a religious ritual, invoking deities or spirits, while the term fortune telling implies a less serious or formal setting, even one of popular .
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Journal of the History of Economic Thought: Volume 37 ~ Walter A. Friedman, Fortune Tellers: The Story of America's First Economic Forecasters (Princeton: Princeton University Press, 2013), pp. 288, $29.95, hardcover. ISBN 978-0-69115-911-9. Aris Spanos; Published online by Cambridge University Press: 12 November 2015, pp. 637-645
Project MUSE - Technology and Culture-Volume 56, Number 2 ~ Download contents. This Hill Is Dangerous; Nicholas Oddy ; pp. 335-369 . Fortune Tellers: The Story of Americaâs First Economic Forecasters by Walter A. Friedman (review) Roger E. Backhouse ; pp. 547-549; DOI: 10.1353/tech.2015.0070; View Download contents. Eastern European Railways in Transition: Nineteenth to Twenty-First Centuries ed. by Ralf Roth and Henry Jacolin (review) SĆawomir .
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