Invested: How Three Centuries of Stock Market Advice Reshaped Our Money, Markets, and Minds

— —

Paul Crosthwaite Peter Knight

Invested

How Three Centuries of Stock Market Advice Reshaped Our Money, Markets, and Minds

Paul Crosthwaite, Peter Knight, Nicky Marsh , Helen Paul

$185.95

Hardback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

University of Chicago Press
12 April 2023

Economics & Business; Stocks & shares

Invested examines the perennial and nefarious appeal of financial advice manuals.

Who hasn’t wished for a surefire formula for riches and a ticket to the good life? For three centuries, investment advisers of all kinds, legit and otherwise, have guaranteed that they alone can illuminate the golden pathway to prosperity—despite strong evidence to the contrary. In fact, too often, they are singing a siren song of devastation. And yet we keep listening.

Invested tells the story of how the genre of investment advice developed and grew in the United Kingdom and the United States, from its origins in the eighteenth century through today, as it saturates our world. The authors analyze centuries of books, TV shows, blogs, and more, all promising techniques for amateur investors to master the ways of the market: from Thomas Mortimer’s pathbreaking 1761 work, Every Man His Own Broker, through the Gilded Age explosion of sensationalist investment manuals, the early twentieth-century emergence of a vernacular financial science, and the more recent convergence of self-help and personal finance. Invested asks why, in the absence of evidence that such advice reliably works, guides to the stock market have remained perennially popular. The authors argue that the appeal of popular investment advice lies in its promise to level the playing field, giving outsiders the privileged information of insiders. As Invested persuasively shows, the fantasies sold by these writings are damaging and deceptive, peddling unrealistic visions of easy profits and the certainty of success, while trying to hide the fact that there is no formula for avoiding life’s economic uncertainties and calamities.

By: Paul Crosthwaite, Peter Knight, Nicky Marsh, Helen Paul, James Taylor
Imprint: University of Chicago Press
Country of Publication: United States
Dimensions: Height: 229mm, Width: 152mm, Spine: 28mm
Weight: 653g
ISBN: 9780226820989
ISBN 10: 022682098X
Pages: 368
Publication Date: 12 April 2023
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Introduction: Three Centuries of Financial Advice Chapter 1. Making the Market (1720–1800) Chapter 2. Navigating the Market (1800–1870) Chapter 3. Playing the Market (1870–1910) Chapter 4. Chartists and Fundamentalists (1910–1950) Chapter 5. Domestic Budgets and Efficient Markets (1950–1990) Chapter 6. Gurus and Robots (1990–2020) Conclusion: Investing through the Crisis Acknowledgments Notes Index

Paul Crosthwaite is professor of English at the University of Edinburgh. Peter Knight is a professor of American studies at the University of Manchester. Nicky Marsh is professor of English at Southampton University. Helen Paul is a lecturer in economics and economic history at Southampton University. James Taylor is a historian at Lancaster University.

Reviews for Invested: How Three Centuries of Stock Market Advice Reshaped Our Money, Markets, and Minds

"“I’m reading the wonderful Invested: How Three Centuries of Stock Market Advice Reshaped Our Money, Markets, and Minds, a magnificent effort from five dedicated academics covering a full 300 years of printed investment advice. That adds up to an awful lot of books. But skim the contents of a few and you will find that under different titles and guises, they mostly give the same rather good advice—advice we are as well to follow today as we were in the eighteenth century.” * Bloomberg * ""A magnificent effort from five dedicated academics covering a full 300 years of printed investment advice."" * The Washington Post * “Invested is an engrossing survey . . . . This is a sourcebook I’ll return to frequently for my own work. Fascinating and highly recommended.” * The Patient Investor * “This book is well written and sustains the general themes over three centuries whilst having the space in each chapter to explore different topics. . . . The book itself is a positive gold mine of information on investment advice, and also raises new research questions to be explored through such histories. Invested should be on every financial historian’s bookshelf.” * Economic History Review * ""Recommended."" * Choice * ""[An] ambitious and entertaining book on the history of stock market advice in the UK and US from 1720 to today. . . . Invested shows that the lure of stock market advice is persistent."" * Business History * “Invested is a comprehensive and very well-informed account of the development of financial advice literature from its first appearance in 1761 to the present day, including a very useful afterword on the effect of the current pandemic on the genre. This excellent book provides a vast and original understanding of how financial advice has grown in relation to both the evolution of the stock market and the financialization of everyday life.” * Anne Murphy, University of Portsmouth *"