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Excerpt: Where does it all come from, and where does it go? Open the Wall Street Journal or the business section of a major metropolitan daily, and you get a clue. Every day, they publish an overwhelming array of price quotes — thousands upon thousands — for stocks, bonds, currencies, commodities, options, futures, options on futures, indexes, options on indexes, mutual funds. |
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Wall Street was first published in hardcover by Verso in 1997, and in paperback in 1998. Since Verso chose not to reprint it when it went out of stock, the rights reverted to the author in March 2005.
It's now available for free download on the web, under a Creative Commons Attribution-NonCommercial-NoDerivs license. It may be recirculated freely for noncommercial use only. No alterations are allowed, and the author must be credited.
The book is a definitive overview of the financial markets and their economic and political role.