Market Madness
Oxford University Press Inc (Verlag)
978-0-19-999005-4 (ISBN)
Market Madness is the story of four waves of American anxiety over the last 100 years about a looming end to oil reserves. Their sweeping pattern-as large price increases lead to widespread shortage fears that eventually dissipate when oil production rises again and prices moderate-has defined the wild price swings in the oil market down to the present day.
Blake Clayton, a Wall Street stock analyst and adjunct fellow at the Council on Foreign Relations, makes the case for the need for better information, communication and transparency. While these measures will not eliminate volatility and unpredictability completely, they would mitigate unnecessary price spikes and improve both investor and government decision-making.
Market Madness is the first study to employ Nobel Laureate economist Robert Shiller's "new era economics" beyond the markets to which he famously applied it-the 1990s dot-com equity market and the mid-2000s housing market-in order to better understand the dynamics of speculative bubbles and irrationality in the commodities markets. In so doing, it breaks new ground in illuminating how mass beliefs about the future of a vital asset like oil take shape and what the future of energy may hold.
Blake Clayton is a member of the Integrated Oil and Gas equity research team at Citigroup. Prior to joining Citigroup, Dr. Clayton was a fellow on energy at the Council on Foreign Relations, where he currently serves as an adjunct fellow. Dr. Clayton received a doctorate from Oxford University, where he studied business economics and strategy. The recipient of the University of Chicago Endowed Fellowship, he holds dual master's degrees from the University of Chicago and Cambridge University.
1. Introduction ; 2. "A National Crisis of the First Magnitude": The United States Geological Survey in an Era of Booming Demand, 1909-1927 ; 3. "A New Era of Scarcity and Higher Prices": Wartime Demand and the End of American Self-Reliance in Oil, 1940-1949 ; 4. "A Problem Unprecedented in Our History": American Anxiety in the Early Days of OPEC, 1970-1986 ; 5. "A Permanent Radical Rise in Oil Prices": Peak Oil Takes Wall Street, 1998-2013 ; 6. Conclusion
| Verlagsort | New York |
|---|---|
| Sprache | englisch |
| Maße | 157 x 236 mm |
| Gewicht | 454 g |
| Themenwelt | Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte |
| Technik ► Elektrotechnik / Energietechnik | |
| Wirtschaft ► Betriebswirtschaft / Management | |
| Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft | |
| ISBN-10 | 0-19-999005-0 / 0199990050 |
| ISBN-13 | 978-0-19-999005-4 / 9780199990054 |
| Zustand | Neuware |
| Haben Sie eine Frage zum Produkt? |
aus dem Bereich
