|« New Perspective on Regulation by David A Moss, John A Cisternino||Democratizing Innovation by Eric Von Hippel »|
Wall Street like other works of Doug Henwood on economic affairs and finance is a product of intense study and analysis. He brings out the high financial transactions without human factor involve in it less profit motive. The author has closely examines the working of American finance system in this book and its short coming. Doug Henwood has dissected the subject of economics and capital in the perspective of right and left wing and thrown light on what is actually happening with American financial system. This books reflects his thorough knowledge of Wall Street and his views expressed in this book raise concern about the working and real objective of stock exchange.
The introductory part of the book is very informative and gives an overview of the subject followed by seven chapters which deals with different aspects of Wall Street and high finances. The first chapter deals with the instruments of trading and also gives a brief history of stock markets and stock exchange. The second chapter players of high finances and explain the terms like stock market credit in terms of a common man. The third chapter relates the Wall Street and other stock market with real world and social factors. The fourth and fifth chapter discusses the various economic theories in respect of current market and financial system and explains the concept of efficient market. The last tow chapters touched the subject of governance of market and areas where immediate reform is needed.