Fortune Tellers

More commonly, forecasters and other business-writers of the early twentieth century compared the economy to the ... James H. Brookmire (1869–1946) created some of the most imaginative weatherrelated economic forecasting charts of the ...

Author: Walter Friedman

Publisher: Princeton University Press

ISBN: 9780691159119

Category: Business & Economics

Page: 288

View: 580


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. 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.

New Perspectives on the History of Political Economy

3/4 (July–October, 1941): 185–97; Warren M. Persons, “Statistics and Economic Theory,” The Review of Economics and ... James H. Brookmire, The Brookmire Economic Charts: A Graphic Record of Fundamental, Political and Industrial ...

Author: Robert Fredona

Publisher: Springer

ISBN: 9783319582474

Category: Business & Economics

Page: 413

View: 703


This volume offers a snapshot of the resurgent historiography of political economy in the wake of the ongoing global financial crisis, and suggests fruitful new agendas for research on the political-economic nexus as it has developed in the Western world since the end of the Middle Ages. New Perspectives on the History of Political Economy brings together a select group of young and established scholars from a wide variety of disciplinary backgrounds—history, economics, law, and political science—in an effort to begin a re-conceptualization of the origins and history of political economy through a variety of still largely distinct but complementary historical approaches—legal and intellectual, literary and philosophical, political and economic—and from a variety of related perspectives: debt and state finance, tariffs and tax policy, the encouragement and discouragement of trade, merchant communities and companies, smuggling and illicit trades, mercantile and colonial systems, economic cultures, and the history of economic doctrines more narrowly construed. The first decade of the twenty-first century, bookended by 9/11 and a global financial crisis, witnessed the clamorous and urgent return of both 'the political' and 'the economic' to historiographical debates. It is becoming more important than ever to rethink the historical role of politics (and, indeed, of government) in business, economic production, distribution, and exchange. The artefacts of pre-modern and modern political economy, from the fourteenth through the twentieth centuries, remain monuments of perennial importance for understanding how human beings grappled with and overcame material hardship, organized their political and economic communities, won great wealth and lost it, conquered and were conquered. The present volume, assembling some of the brightest lights in the field, eloquently testifies to the rich and powerful lessons to be had from such a historical understanding of political economy and of power in an economic age.

Booms and Busts An Encyclopedia of Economic History from the First Stock Market Crash of 1792 to the Current Global Economic Crisis

The first business indicators appeared in the years leading up to World War I, generated by such forecasting agencies as the Brookmire Economic Service and Babson Statistical Organization. Because these early services used relatively ...

Author: Mehmet Odekon

Publisher: Routledge

ISBN: 9781317475767

Category: Business & Economics

Page: 1050

View: 361


This timely and authoritative set explores three centuries of good times and hard times in major economies throughout the world. More than 400 signed articles cover events from Tulipmania during the 1630s to the U.S. federal stimulus package of 2009, and introduce readers to underlying concepts, recurring themes, major institutions, and notable figures. Written in a clear, accessible style, "Booms and Busts" provides vital insight and perspective for students, teachers, librarians, and the general public - anyone interested in understanding the historical precedents, causes, and effects of the global economic crisis. Special features include a chronology of major booms and busts through history, a glossary of economic terms, a guide to further research, an appendix of primary documents, a topic finder, and a comprehensive index. It features 1,050 pages; three volumes; 8-1/2" X 11"; topic finder; photos; chronology; glossary; primary documents; bibliography; and, index.

Catalogue of Copyright Entries

BROOKMIRE economic chart co . -Con . Brookmire's industrial compass for manufacturers . Jan. , 1913 . ( In Brookmire's forecaster . v . ... ( Brookmire economic charts , 1107. ) © Jan. 6 , 1913 ; 2 c . Feb. 3 , 1913 ; A 334279 .



ISBN: UTEXAS:059172119877838

Category: American literature


View: 933