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Friedman and Geoffrey Jones include an introduction that describes the formation of the field from its origins at Harvard Business School in the late s. —Sean Silverthorne PUBLICATIONS AUGUST PRINCETON UNIVERSITY PRESS Fortune Tellers The Story of America s First Economic Forecasters By Friedman Walter A. ABSTRACT—The period leading up to the Great Depression witnessed the rise of the economic forecasters pioneers who sought to use the tools of science to predict the future with the aim of profiting from their forecasts.
This book chronicles the lives and careers of the men who defined this first wave of economic fortune tellers men such as Roger Babson Irving Fisher John Moody C. J. Bullock and Warren Persons. They competed to sell their distinctive methods of prediction to investors and businesses and thrived in the boom years that Bank Email List followed World War I. Yet almost to a man they failed to predict the devastating crash of . generation of economic forecasters helped to make the prediction of economic trends a central economic activity and shed light on the mechanics of financial markets by providing a range of statistics and information about individual firms. They also raised questions that are still relevant today.
What is science and what is merely guesswork in forecasting What motivates people to buy forecasts Does the act of forecasting set in motion unforeseen events that can counteract the forecast made Publisher s link press.princeton titles .html AUGUST EDWARD ELGAR PUBLISHING Business History By Friedman Walter A. Geoffrey Jones ABSTRACT—This volume contains a selection of foundational articles on the discipline of business history written between and the present day by scholars based in the United States Europe Asia and Latin America.
This book chronicles the lives and careers of the men who defined this first wave of economic fortune tellers men such as Roger Babson Irving Fisher John Moody C. J. Bullock and Warren Persons. They competed to sell their distinctive methods of prediction to investors and businesses and thrived in the boom years that Bank Email List followed World War I. Yet almost to a man they failed to predict the devastating crash of . generation of economic forecasters helped to make the prediction of economic trends a central economic activity and shed light on the mechanics of financial markets by providing a range of statistics and information about individual firms. They also raised questions that are still relevant today.
What is science and what is merely guesswork in forecasting What motivates people to buy forecasts Does the act of forecasting set in motion unforeseen events that can counteract the forecast made Publisher s link press.princeton titles .html AUGUST EDWARD ELGAR PUBLISHING Business History By Friedman Walter A. Geoffrey Jones ABSTRACT—This volume contains a selection of foundational articles on the discipline of business history written between and the present day by scholars based in the United States Europe Asia and Latin America.
