The Global Securities Market: A History. By Ranald C. Michie. New York: Oxford University Press, 2006. ? + 399 pp. Index, notes, bibliography, tables. Cloth, $110.00. ISBN: 0-199-28061-4.
Reviewed by Priscilla Roberts
Ranald C. Michie's comprehensive history of the international market in securities, from its origins in Italy in the late twelfth century up to the present, is in most respects a stimulating tour de force, providing a major reassessment of the role of securities markets in the global economy. Eschewing the focus upon spectacular booms, busts, crashes, and scandals, Michie concentrates instead upon the unglamorous normal quotidian operation of trading in …
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