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Excerpt: It seems fair to say that central bankers, accustomed to tracing the effects of their actions through the financial system, have probably laid more emphasis on credit than academics, who are more used to thinking in terms of simple paradigms where credit may not even appear explicitly. |
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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.