We are currently making improvements to the Audible site. In an effort to enhance the accessibility experience for our customers, we have created a page to more easily navigate the new experience, available at the web address www.audible.com/access.
 >   > 
The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets | [Emily Lambert]

The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets

In The Futures, Emily Lambert, senior writer at Forbes magazine, tells us the rich and dramatic history of the Chicago Mercantile Exchange and Chicago Board of Trade, which together comprised the original, most bustling futures market in the world. She details the emergence of the futures business as a kind of meeting place for gamblers and farmers and its subsequent transformation into a sophisticated electronic market where contracts are traded at lightning-fast speeds.
Regular Price:$19.95
  • Membership Details:
    • First book free with 30-day trial
    • $14.95/month thereafter for your choice of 1 new book each month
    • Cancel easily anytime
    • Exchange books you don't like
    • All selected books are yours to keep, even if you cancel
  • - or -

Your Likes make Audible better!

'Likes' are shared on Facebook and Audible.com. We use your 'likes' to improve Audible.com for all our listeners.

You can turn off Audible.com sharing from your Account Details page.

OK

Publisher's Summary

In The Futures, Emily Lambert, senior writer at Forbes magazine, tells us the rich and dramatic history of the Chicago Mercantile Exchange and Chicago Board of Trade, which together comprised the original, most bustling futures market in the world. She details the emergence of the futures business as a kind of meeting place for gamblers and farmers and its subsequent transformation into a sophisticated electronic market where contracts are traded at lightning-fast speeds.

Lambert also details the disastrous effects of Wall Street's adoption of the futures contract without the rules and close-knit social bonds that had made trading it in Chicago work so well. Ultimately, Lambert argues that the futures markets are the real "free" markets, and that speculators, far from being mere parasites, can serve a vital economic and social function, given the right architecture. The traditional futures market, she explains, because of its written and cultural limits, can serve as a useful example for how markets ought to work and become a tonic for our current financial ills.

©2010 Emily Lambert (P)2010 Audible, Inc

What Members Say

Average Customer Rating

3.4 (37 )
5 star
 (7)
4 star
 (11)
3 star
 (12)
2 star
 (5)
1 star
 (2)
Overall
3.6 (18 )
5 star
 (5)
4 star
 (5)
3 star
 (5)
2 star
 (1)
1 star
 (2)
Story
3.8 (18 )
5 star
 (4)
4 star
 (7)
3 star
 (6)
2 star
 (1)
1 star
 (0)
Performance
Sort by:
  •  
    PHIL San Diego, CA, United States 10-21-11
    PHIL San Diego, CA, United States 10-21-11 Member Since 2011
    HELPFUL VOTES
    349
    ratings
    REVIEWS
    151
    146
    FOLLOWERS
    FOLLOWING
    126
    2
    Overall
    Performance
    Story
    "Great concept, but falls short"

    This had a superficial sort of postcard or store-window quality to it. It was as if a tourist dropped in and took snapshots of people, so we get to see how tall they are, what their brother's name is, when they showed up, but the deeper stuff, the substantive workings and mechanics of these markets, the deal details, the most intense inner contraditions and conflicts, seem lacking. This seems almost a sentimental journey. I can stand this narrator's voice, but find it harsh and grating, something I would be happy to overlook for the sake of better content.

    1 of 1 people found this review helpful
  •  
    Derek 09-30-12
    Derek 09-30-12

    Enthusiast

    HELPFUL VOTES
    4
    ratings
    REVIEWS
    58
    16
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    Performance
    Story
    "Should've Listened To A & P Instead"

    Not what I was looking for. There's nothing technical in here. Instead, it's an occasionally stimulating history of various futures markets (focusing on Chicago and traders) but since that's not what I wanted, I kind of wish I would've read that history of the A & P grocery stores.

    0 of 0 people found this review helpful
  • Showing: 1-2 of 2 results

    There are no listener reviews for this title yet.

Report Inappropriate Content

If you find this review inappropriate and think it should be removed from our site, let us know. This report will be reviewed by Audible and we will take appropriate action.

Cancel

Thank You

Your report has been received. It will be reviewed by Audible and we will take appropriate action.