Can I read Speculation : A History of the Fine Line Between Gambling and Investing on EtoBox?

Speculation : A History of the Fine Line Between Gambling and Investing by Stuart Banner is a book available to read on EtoBox.

What is Speculation : A History of the Fine Line Between Gambling and Investing about?

What is the difference between gambling and speculation? This difficult question has posed a legal problem throughout American history. Many have argued that periodic failures by regulators to differentiate between the two have been the proximate causes of catastrophic economic downturns, including the Great Depression and the 2008 global financial crisis. In Speculation , Stuart Banner provides a sweeping history of how the fine lines separating investment, speculation, and outright gambling have shaped America from the 1790s to the present. Advocates for risky investments have long argued that risk-taking is what defines America. On the other side, critics counter that unregulated speculation results in bubbles that draw in the most ill-informed investors, creating financial chaos. The debate has been a perennial feature of American history. The Panic of 1837, the speculative boom of the roaring twenties, and the real estate bubble of the early 2000s are all emblematic of the difficulty in differentiating sober from reckless speculation. Some, chastened by the most recent crash, argue that we need to prohibit certain risky transactions, but others respond by citing the benefits

Author

Stuart Banner

Publisher

IRL Press at Oxford University Press

Published

2017

Language

EN

ISBN

9780190623067

Subjects

History, Business, Law

Rating

3.5 / 5 (31 ratings)

Updated

2026-03-14