Gambling And Speculation
DOWNLOAD eBooks
Download Gambling And Speculation PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Gambling And Speculation book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Gambling And Speculation
DOWNLOAD eBooks
Author : Reuven Brenner
language : en
Publisher: Cambridge University Press
Release Date : 1990-03-30
Gambling And Speculation written by Reuven Brenner and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-03-30 with Business & Economics categories.
Gambling and Speculation takes the long, historic perspective of its controversial subject. The book offers not only a better understanding of the recent "gambling craze," but also a fundamental inquiry into human nature and the structure of societies. The Brenners argue that the negative image of gamblers and of speculators stems from prejudice, whose roots are in the distant, forgotten past. Legal scholars have frequently confused gambling with speculation and the anti-gambling laws were, at times, erroneously interpreted as implying the prohibitions of contracts in futures and insurance markets. One consequence of all this confusion was that during this century both in the United States and England, the legislation and law on betting and gambling became ambiguous. The authors touch on this issue and make policy recommendations: to abolish restrictions on the industry, diminish the states' role in selling lotteries, and, at the same time, make legal distinctions capable of helping the tiny percentage of players who might be "addicted." The Brenners' recommendations on gambling are based on their conclusion that gamblers are neither "mentally ill" nor "criminals" and that gambling does not lead its practitioners to poverty. Rather, it is the other way around: some of the poor and the frustrated gamble. Looking at gambling in this way leads to questions about the nature of society: What do the fortunate do for those who are not? What is society's obligation to people who fall behind in the game of life? Answers to these questions require a discussion on the principles of equality, capitalism, the role of religious influence on society, topics that the Brenners have discussed in their previous studies, and they do so here too, putting gambling within its proper, historical context.
Speculation
DOWNLOAD eBooks
Author : Stuart Banner
language : en
Publisher: Oxford University Press
Release Date : 2017
Speculation written by Stuart Banner and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Business & Economics categories.
What is the difference between a gambler and a speculator? Is there a readily identifiable line separating the two? If so, is it possible for us to discourage the former while encouraging the latter? These difficult questions cut across the entirety of American economic history, and theperiodic failures by regulators to differentiate between irresponsible gambling and clear-headed investing have often been the proximate causes of catastrophic economic downturns. Most recently, the blurring of speculation and gambling in U.S. real estate markets fueled the 2008 global financialcrisis, but it is one in a long line of similar economic disasters going back to the nation's founding.In Speculation, author Stuart Banner provides a sweeping and story-rich history of how the murky lines separating investment, speculation, and outright gambling have shaped America from the 1790s to the present. Regulators and courts always struggled to draw a line between investment and gambling,and it is no easier now than it was two centuries ago. Advocates for risky investments have long argued that risk-taking is what defines America. Critics counter that unregulated speculation results in bubbles that always draw in the least informed investors-gamblers, essentially. Financial chaos isthe result. The debate has been a perennial feature of American history, with the pattern repeating before and after every financial downturn since the 1790s. The Panic of 1837, the speculative boom of the roaring twenties, and the real estate bubble of the early 2000s are all emblematic of thedifficulty in differentiating sober from reckless speculation. Even after the recent financial crisis, the debate continues. Some, chastened by the crash, argue that we need to prohibit certain risky transactions, but others respond by citing the benefits of loosely governed markets and the dangersof over-regulation. These episodes have generated deep ambivalence, yet Americans' faith in investment and - by extension - the stock market has always rebounded quickly after even the most savage downturns. Indeed, the speculator on the make is a central figure in the folklore of Americancapitalism.Engaging and accessible, Speculation synthesizes a suite of themes that sit at the heart of American history - the ability of courts and regulators to protect ordinary Americans from the ravages of capitalism; the periodic fallibility of the American economy; and - not least - the moral conundruminherent in valuing those who produce goods over those who speculate, and yet enjoying the fruits of speculation. Banner's history is not only invaluable for understanding the fault lines beneath the American economy today, but American identity itself.
The Relation Between Speculation And Gambling
DOWNLOAD eBooks
Author : Collin Armstrong
language : en
Publisher:
Release Date : 1903
The Relation Between Speculation And Gambling written by Collin Armstrong and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1903 with categories.
Gambling And Speculation
DOWNLOAD eBooks
Author : Sir Stephen Henry Molyneux Killik
language : en
Publisher:
Release Date : 1908
Gambling And Speculation written by Sir Stephen Henry Molyneux Killik and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1908 with Gambling categories.
Speculation For Gain
DOWNLOAD eBooks
Author : John Patrick Hodgson
language : en
Publisher:
Release Date : 1979
Speculation For Gain written by John Patrick Hodgson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Gambling categories.
The Pitfalls Of Speculation
DOWNLOAD eBooks
Author : Thomas Gibson
language : en
Publisher: CreateSpace
Release Date : 2015-02-06
The Pitfalls Of Speculation written by Thomas Gibson and has been published by CreateSpace this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-06 with History categories.
This is an early 20th century work on Wall Street and the stock market, particularly speculation. From the intro: "The public attitude toward speculation is generally hostile. Even those who venture frequently are prone to speak discouragingly of speculative possibilities, and to point warningly to the fact that an overwhelming majority of speculative commitments result in loss, while those who venture not at all, and consequently are incompetent to judge, dismiss the subject with the statement that marginal trading is gambling, pure and simple, and is therefore pernicious. Those who enter into the subject a little farther, and attempt to adduce more specific argument against speculative possibilities, lay stress upon the statement that manipulation, trickery and wholesale deception render it impossible for the outsider to enter the field safely or intelligently. These statements, usually unsupported, and frequently insupportable, are accepted by the prejudiced multitude as gospel truth, without any attempt being made to examine their foundation or correctness. So far as the question of gambling is concerned, it would be entering a very large field to attempt to define just what is and what is not gambling. The idea that the man who buys a certain stock outright invests, while he who buys on margin gambles, is a popular fallacy. The speculator purchases in the hope of an advance, and if two purchases are made for parallel reasons, one for cash, and one on margins, both purchases are speculative. That speculative fluctuations are largely used as a basis for gambling operations, is unquestionably true, and possibly an acceptable dividing line may be drawn on the following hypothesis: gambling, in the general acceptance of the term, is founded upon blind chance, the equal possibility of certain events occurring or not occurring; this is modified in some cases by the exercise of superior skill in such games as admit of skill; but fundamentally, gambling is wholly dependent upon the equal chances of two or more opposed individuals."
The Big Gamble
DOWNLOAD eBooks
Author : Jose D. Roncal
language : en
Publisher: Wheatmark, Inc.
Release Date : 2009
The Big Gamble written by Jose D. Roncal and has been published by Wheatmark, Inc. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
The Big Gamble takes you on an armchair journey from the tulip fields of 17th century Holland and the South Seas to the gaming tables in Las Vegas. Discover how economic bubbles form, and learn about an "early warning system" you can use to either avoid the next one or wisely capitalize on it. In plain English, without jargon or blue-sky economic theory, discover: Why you're not really "playing it safe" when you invest conservatively, even in U.S. Treasury bills or mutual funds. Nine financial risks you need to watch out for when building a portfolio or allocating investments in your 401(k) plan. The twelve cardinal rules of speculating that are critical to successfully making your assets grow. Why you should think twice before sinking your life savings into economic icons like General Motors or Wal-Mart. Three surefire economic signals that will show you the "next big thing" and identify potential bubbles when they are beginning.
Speculation And Gambling
DOWNLOAD eBooks
Author : Ernest David MacDougall
language : en
Publisher:
Release Date : 1936
Speculation And Gambling written by Ernest David MacDougall and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1936 with Gambling categories.
Legislation Against Speculation And Gambling In The Forms Of Trade Including Futures Options And Short Sales Classic Reprint
DOWNLOAD eBooks
Author : Thomas Henry Dewey
language : en
Publisher: Forgotten Books
Release Date : 2018-02-21
Legislation Against Speculation And Gambling In The Forms Of Trade Including Futures Options And Short Sales Classic Reprint written by Thomas Henry Dewey and has been published by Forgotten Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-21 with Speculation categories.
Excerpt from Legislation Against Speculation and Gambling in the Forms of Trade, Including Futures Options and Short Sales The implements or gambling ON Pawns - The usual implements of gambling on prices are a black - board, upon which are posted from time to time the market prices of stocks, cotton and other produce, slips of papers pur porting to be orders to the keeper of the place to buy or sell for the account of the other party and other slips of paper purporting to be notices of purchases or sales made by the keeper of the place for the account of the other party. Each transaction is settled by the payment of the difference between the price of a pretended pur chase and the price of a pretended sale, it being agreed or understood that no delivery of the things pretended to have been bought and sold is ever to be made. A deposit is required by the keeper of the place which is called a margin, but is really security to him for the pay ment of the wager. If the market goes in his favor, he closes the transaction as soon as the fluctuation in price equals the amount of the deposit, which he then keeps; or it may be closed by the other party at any time before the loss to him equals the amount of the deposit. If the market goes in favor of the other party, the transaction is closed whenever he gives an order for that purpose, and then the keeper of the place pays to him the differ ence between the market prices of the pretended pur chase and sale and returns the deposit. A place in which such pretended dealing is carried on is called a bucket shop. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Legislation Against Speculation And Gambling In The Forms Of Trade Including Futures Options And Short Sales
DOWNLOAD eBooks
Author : Thomas Henry Dewey
language : en
Publisher: Theclassics.Us
Release Date : 2013-09
Legislation Against Speculation And Gambling In The Forms Of Trade Including Futures Options And Short Sales written by Thomas Henry Dewey and has been published by Theclassics.Us this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09 with categories.
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905 edition. Excerpt: ... ulator, whether he be a member of an exchange or a customer of a member, rarely ever intends actually to make or receive delivery; not because the obligation to do so does not exist, but because he knows how to avoid actual delivery by doing things which are theoretically equivalent to it. As between the member of an exchange and his customer, they settle by payment of the differences between the prices of purchases and sales; and, as between the buyer and seller on the exchange, whether one or both are dealing for themselves or for a customer, they expect to, and in fact do, settle with each other the great majority of the contracts made by payment of differences in prices by means of "direct settlements," "ring settlements" or "clearing house settlements." We cannot now discuss these methods of doing business; but they are, as between the parties to them, perfectly legal, and are so well known as a means of avoiding actual delivery that no experienced speculator could truthfully say, except in rare cases, that he intended to make actual delivery, and so in Missouri he must go to jail. The statute, if enforced, would eliminate bucket-shops and would also prevent almost all future delivery speculative business on every exchange and board of trade in the state. New York Statute Against Short Sales By Officers Of Corporations.--"An officer or director of a stock corporation who sells, or agrees to sell, or is directly or indirectly interested in the sale of any share of stock of such corporation, or in any agreement to sell the same, unless at the time of such sale or agreement he is an actual owner of such share, is guilty of a misdemeanor, punishable by imprisonment for not less than six months, or by a fine not exceeding five thousand...