Saturday, June 06, 2009

The Supreme Accomplishment of Wall Street

John Kenneth Galbraith writes engagingly and with color about Wall Street:

“Wall Street, in these matters, is like a lovely and accomplished woman who must wear black cotton stockings, heavy woolen underwear, and parade her knowledge as a cook because, unhappily, her supreme accomplishment is as a harlot.” (p48)

John Kenneth Galbraith, The Great Crash 1929 (London: Penguin, 1954, 1975).

A review of The Great Crash 1929 is posted at Reviewing Books and Movies.

Dr Geoff Pound