Volume 47, Number 13 · August 10, 2000
All Too Human
By Jeff Madrick
Irrational Exuberance
by Robert J. Shiller
Princeton University Press, 296 pp., $27.95
A Random Walk Down Wall Street
by Burton G. Malkiel
Norton, 499 pp., $16.95 (paper)
Stocks for the Long Run
by Jeremy J. Siegel
McGraw-Hill, 301 pp., $29.95
Dow 36,000
by James K. Glassman, by Kevin A. Hassett
Times Books, 294 pp., $25.00
Famous First Bubbles
by Peter M. Garber
MIT Press, 163 pp., $24.95
Devil Take the Hindmost: A History of Financial Speculation
by Edward Chancellor
Farrar, Straus and Giroux, 386 pp., $25.00
Social Security: The Phony Crisis
by Dean Baker, by Mark Weisbrot
University of Chicago Press, 175 pp., $22.00
On Money and Markets: A Wall Street Memoir
by Henry Kaufman
McGraw-Hill, 388 pp., $24.95
To most observers of the ups and downs of today's stock market, it defies common sense when eminent economists assert that the stock market works according to logical principles. But most economists believe just that. According to generally accepted economic theory, stocks have a true or intrinsic value.
Review, 5755 words
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