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The description of the first financial market : Looking back on Confusion of confusions by Joseph De La Vega

Gérer & comprendre, 2015-03, Vol.119, p.7-12 [Peer Reviewed Journal]

ISSN: 0295-4397 ;EISSN: 2271-7943

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  • Title:
    The description of the first financial market : Looking back on Confusion of confusions by Joseph De La Vega
  • Author: Dumez, Herve
  • Subjects: Historical analysis ; Netherlands ; Securities markets ; Stock exchanges
  • Is Part Of: Gérer & comprendre, 2015-03, Vol.119, p.7-12
  • Description: The first financial market in the world was the 17th-century stock exchange in Amsterdam. Joseph de la Vega's description of it in his mythic Confusion of Confusions (1688) was the very first analysis of a stock market. As the title states, this writer, a trader in securities, saw the market as a vast disorder that normally produces order but also potentially generates chaos, since the first crashes soon followed on the market's creation. Instead of a single account of this chaos, various viewpoints are presented. For this purpose, the author chose the form of a dialog between a subtle philosopher, a circumspect merchant and a clever shareholder. Reproduced by permission of Bibliothèque de Sciences Po
  • Language: French
  • Identifier: ISSN: 0295-4397
    EISSN: 2271-7943
  • Source: AUTh Library subscriptions: ProQuest Central
    Alma/SFX Local Collection
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