Showing posts with label anthropology. Show all posts
Showing posts with label anthropology. Show all posts

I Love Myself When I Am Laughing... And Then Again: A Zora Neale Hurston Reader Review

I Love Myself When I Am Laughing... And Then Again: A Zora Neale Hurston Reader
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I am using this text as mainly research for an honors thesis I am writing for my Undergraduate English major. Although it was extremely helpful making connections and describing Hurston the author, it was also extremely enjoyable, holding not only critical essays but exerpts as well. I'd recommend it to any Hurston fan.

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The Naturalist in Nicaragua Review

The Naturalist in Nicaragua
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This book is one of the best natural history books ever writen. Thomas Belt lived in Nicargua for 4 years during the last century and his travel with in the country descrived the way the tropics used to be 100 years ago. Since he wrote the book, 98% of the low land tropical dry forest have been deforested.

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With an Introduction by ANTHONY BELT, F.L.S.

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Josanie's War: A Chiricahua Apache Novel (American Indian Literature and Critical Studies Series) Review

Josanie's War: A Chiricahua Apache Novel (American Indian Literature and Critical Studies Series)
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Josanies's War is one of the best novels I've ever read on the final Chiricahua outbreak of 1885 under Geronimo, Naiche and band leaders like Josanie. The author appears to know the country very well and blends history and fiction together in way I've rarely seen. Chiricahua Apache beliefs are handled well and with respect and these people come alive as living, breathing human beings. The narrative moves swiftly and being Apache I see many of the places described in the novel clearly. There are one or two mistakes but they are minor and the average reader would never catch them so I won't dwell on these. A joy to read and part of my permanent collection of great novels on tribal American people.

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Survival by Hunting: Prehistoric Human Predators and Animal Prey Review

Survival by  Hunting: Prehistoric Human Predators and Animal Prey
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Well done, very readable, with personal experience noted from childhood onward to Phd. Wyoming Montana sites and artifacts (plus facts) not found elsewhere! Highly recommended.

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The North American Great Plains and Rocky Mountains have yielded many artifacts and other clues about the prehistoric people who once lived there, but little is understood about the hunting practices that ensured their survival for thousands of years. Noted archaeologist George Frison brings a lifetime of experience as a hunter, rancher, and guide to bear on excavation data from the region relating to hunting, illuminating prehistoric hunting practices in entirely new ways. Sharing his intimate knowledge of animal habitats and behavior and his familiarity with hunting strategies and techniques, Frison argues that this kind of firsthand knowledge is crucial for understanding hunting in the past.

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Every Tongue Got to Confess: Negro Folk-tales from the Gulf States Review

Every Tongue Got to Confess: Negro Folk-tales from the Gulf States
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If you grew up hearing older folks get together and swap wild stories, or if you have an academic interest in folklore, then this is for you! Essentially, the great Folklorist Zora Neale Hurston spent 1928 and 29 among rural Blacks in Florida and Alabama jotting down their folk tales and witty sayings. Being a Black Southerner herself gave her an insider's access that made her interviewees comfortable in sharing with her. The final manuscript, "Negro Folktales of the Gulf States" remained unpublished till now. Some of these tales were published in 1935 with a framework story of Miss Hurston's adventures among her interviewees entitled "Mules and Men." But here, the stories exist in their orignial, uncut form without a framework story. Once the modern reader becomes accustomed to the printed approximation of Southern African-American dialect, you can sit back and enjoy the folk wisdom and humorous tales. So imagine that Grandpa, Uncle Wille, and all the others are gathered around your porch with a pitcher of lemonade on a pleasant afternoon and enjoy this African-American equivalent to "Aesop's Fables" and "The Arabian Nights."

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Foxfire 8 Review

Foxfire 8
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The Foxfire series is the creation of English teacher Elliott Wiggington (Wig) who made it a point to have students participating in his program interview older folks to find out how they did things in everyday life. And even though this is the work of high school students, the writing is clear, concise, informative, and very readable. Good writing is good writing.
Each volume is like a time capsule, capturing the wisdom and know-how from individuals born around the turn of the 20th century. And while the focus is based around the inhabitants in and around Rabun County, Georgia, this information shows life as it was in America circa the 18th, 19th, and 20th centuries.
In this eighth volume, the focus is on folk pottery -- how its made, the different styles, and interviews with the artists. Most interesting is the firing process and the history of the kiln. You'll also find information on mule swapping and chicken fighting.
After reading several of these volumes, I think what appealed to me most of all was the fact that these older folks in the 80s and 90s weren't viewed as forgotten relics of a bygone era. They were treated with respect and dignity, and their memories treated as the treasures that they indeed are. It's a shame nowadays that we don't have more publications like Foxfire that highlight the knowledge gained from our older population. So many folks in the 70s, 80s, and 90s sit alone at home, or nursing homes forgotten and alone. They are untapped resources of great stories and wisdom. Fortunately for us, the people at Foxfire realized the value of these individuals and preserved some of those stories for future generations to cherish and enjoy.
If you have an interest in 19th century knowlege and an appreciation or an interest in how things used to be, you cannot do without this series.

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Southern folk pottery from pug mills, ash glazes, and groundhog kilns to face jugs, churns and roosters; mule swapping, chicken fighting, and more are included in this eighth volume.

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Mules and Men (P.S.) Review

Mules and Men (P.S.)
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Although she really was born in Georgia, Hurston considered Eatonville, Florida her hometown. She originally wrote this work as a play with Langston Hughes. They had planned to call it "Mule Bone," but the two had a falling out prior to staging the work. The theater world's loss was actually the literary and folklore world's gain, and this book is a terrific study of black folklore from Florida and Louisiana. The book has wonderful folktales and descriptions of rootwork, and once the reader becomes acclimated to Hurston's use of black English, it is a pleasure to read. Hurston provided rich commentary by embedding the texts into a narrative about doing fieldwork in the 1920s. It's worth noting that Hurston compressed the amount of fieldwork time in this book as she had spent much more time in Florida than she presents in this work. It's important to keep these types of literary devices in mind when reading her book as she includes lots of allusions, hidden meanings, and clever wordplays to develop fascinating commentary on folklore.

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Story, Performance, and Event: Contextual Studies of Oral Narrative (Cambridge Studies in Oral and Literate Culture) Review

Story, Performance, and Event: Contextual Studies of Oral Narrative (Cambridge Studies in Oral and Literate Culture)
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Richard Bauman presents a collection of essays that employ the use of performance theory. He analyzes a range of topics, and my favorite essays deal with tall tales and narratives told by coon-hunters in Texas. The work is solid scholarship, and he provides empirical ways of researching and interpreting various forms of verbal expression. The collection may be most useful as models for additional studies, and there is a great variety of research topics evoked what Bauman discusses. At times, however, the conclusions are less-than earth-shattering, and the theoretical apparatus tends to get in the way of developing important conclusions and offering insight into why these conclusions are significant. Despite the limitations, this is a good volume of articles on folklore.

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Based on a corpus of Texan oral narratives collected by the author over the past fifteen years, this study presents an analysis of the literary qualities or orally performed verbal art, focusing on the significance of its social context. Although the tales included are all from Texas, they are representative of oral storytelling traditions in other parts of the United States, including tall tales, hunting stories, local character anecdotes, accounts of practical jokes, and so on. They are also highly entertaining in their own right. Professor Bauman's main emphasis is on the act of storytelling, not just the text. His central analytical concern is to demonstrate the interrelationships that exist between the events recounted in the narratives (narrated events), the narrative texts, and the situations in which the narratives are told (narrative events). He identifies these interrelationships by combining a close formal analysis of the texts with an ethnographic examination of the way in which their telling is accomplished, paying particular attention to the links between form and function. He also illuminates other more general concerns in the study of oral narrative, such as stability and variation in the oral text, the problem of genre, and the rhetorical efficacy of literary forms. As an important contribution to the theoretical and practical literary analysis of orally performed narratives, the book will appeal to students and teachers of folklore, sociolinguistics and linguistic anthropology, and literary theory.

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The Ioway Indians (Civilization of the American Indian) Review

The Ioway Indians (Civilization of the American Indian)
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This is the only book in print on the Ioway Indian tribe, originally located in Iowa, and now in two branches, one in Kansas-Nebraska and one in Oklahoma. The first edition was hardback and published in 1979; this second edition is paperback and published in 1995, with a valuable NEW section about the modern Ioway. The updated version listed here has an additional and very useful chapter that brings the book up to contemporary times.
"This account is the first extensive ethnohistory of the Ioway Indians, whose influence -- out of all proportion to their numbers -- stemmed partly from the strategic location of their homeland between the Mississippi and Missouri Rivers. ...Beginning with archaeological sites in northeast Iowa, Martha Royce Blaine traces Ioway history from ancient to modern times. In the seventeenth and eighteenth centuries, French, Spanish, and English traders vied for the tribe's favor and for permission to cross their lands. The Ioways fought in the French and Indian War in New York, the War of 1812, and the Civil War, but ultimately their influence waned as they slowly lost control of their sovereignty and territory. By the end of the nineteenth century, the Ioways were separated in reservations in Nebraska, Kansas, and Indian Territory [Oklahoma]. A new preface by the author carries the story to modern times and discusses the present status of and issues concerning the Oklahoma and the Kansas and Nebraska Ioways." [From the book cover]
This is an essential book for members of the tribe, for those researching the Ioway's history and culture, and for anyone interested in the history and landscape of the American Midwest. Some have remarked the book is a bit academic in its approach rather than aimed at the popular market. I am a member of the Ioway tribe myself, and am a scholar of our language, history, archaeology, and culture, and I highly recommend it.
Every Iowa tribal member should have a copy of this book, as well as anyone else interested in Iowa history!

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Beginning with archaeological sites in northeast Iowa, Martha Royce Blaine traces Ioway history from ancient to modern times. In the seventeenth and eighteenth centuries, French, Spanish, and English traders vied for the tribe's favor and for permission to cross their lands. The Ioways fought in the French and Indian War in New York, the War of 1812, and the Civil War, but ultimately their influence waned as they slowly lost control of their sovereignty and territory. By the end of the nineteenth century, the Ioway were separated in reservations in Nebraska, Kansas, and Indian Territory. A new preface by the author carries the story to modern times and discusses the present status of and issues concerning the Oklahoma and the Kansas and Nebraska Ioways.


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The Sac and Fox Indians (Civilization of the American Indian Series) Review

The Sac and Fox Indians (Civilization of the American Indian Series)
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This book appears to be the standard for history of the two tribes. Informative and interesting.

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Of all the aboriginal tribes of the Americas none had a more courageous or tragic destiny than the twin tribes of the Mississippi Valley, the Sacs and the Foxes.

Occupying a parkland area midway between the powerful Iroquois and Sioux tribes in present Illinois and Wisconsin, the Sacs and the Foxes were prosperous agrarian people who held their own against their more numerous neighbors. The white frontier moved threateningly closer, and in the War of 1812 the Sacs and the Foxes, resisting the Americans' encroachment on their lands, joined forces with the British.

Black Hawk, the great Sac and Fox leader, refused to accept land cessions to the whites, and in 1832 the tribe's worst fears came true: a group of white squatters claimed the site of Black Hawk's village in Illinois. In the "war" that followed, Black Hawk and his force retreated before an overwhelming force of whites and were virtually wiped out in a battle at the mouth of the Bad Axe River in Wisconsin.

Pushed out onto the plains, the remnants of the tribes had to content with the dominant Comanches. Their destiny had been changed forever.


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Tsukiji: The Fish Market at the Center of the World (California Studies in Food and Culture) Review

Tsukiji: The Fish Market at the Center of the World (California Studies in Food and Culture)
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Tsukiji, Tokyo's huge world-famous fish market, is a major attraction for foreign tourists to Japan, which is odd since there's not much for a tourist to look at or to buy. (Would you take home a kilo of fresh tuna?) There aren't any guided tours either. Yet the market is described as a must-see in most tourist books, and this in a city that has next to nothing in terms of tourist attractions. But perhaps this makes sense; Tokyo is a place where one can be and do rather than look and marvel, and the Tsukiji market is exactly that.
Tsukiji is almost nothing to look at but walk in and its people have things to do and places to go. The marketplace's grimy aging rows of cramped wet stalls house a teeming population of busy auctioneers, stevedores, and customers. Theodore Bestor's book brings it all to life and goes further by analysing in depth several aspects of the market.
After justifying Tsukiji (chapter 1) as a fit study for an anthropologist to pursue, Bestor gives us a thorough description of the key aspects of the Tsukiji marketplace: Tsukiji's neighbourhood, its (in the 1930s) avant-guarde form-follows-function layout (chapter 2); it's history (chapter 3); the importance of food culture in Japan and Tsukiji's lead-and-follow role in it (chapter 4); an economic analysis the value Tsukiji adds to the production chain (chapter 5); a true anthropological study of Tsukiji's society (chapter 6); a description of the mechanics of Tsukiji's auctions (chapter 7). At the end (chapter 8) Bestor peers a little into the future and reflects on Tokyo's changing landscape and the effects and likelihood of moving Tsukiji to a new location.
I originally intended to give Tsukiji only four stars because of a few drawbacks, but decided that this would have been churlish given how much I loved it. But here are a few warnings. Chapter 1 for instance is really meant for anthropologists who might question the study as legitimate anthropology; this chapter could have been shortened and included as a preface instead. Also, some of the material will confuse people who have never traveled to Japan. For instance while Bestor does point out that Japanese households buy their food daily, he doesn't dramatize it much. A section on how a typical Tokyo family spends a typical weekday from dawn to dusk, with a description of the children's lunch box, the husband's favourite eatery, and the wife's shopping would have helped the chapter on food culture.
But these are quibbles. Readers who live or visit Japan will love this book, readers who don't will need to work a little harder at visualizing some of it. And it is rewarding. "Tsukiji: The Fish Market at the Center of the World" is a tightly focused study of one particular aspect of Japan; it will give readers a more intimate look than would a more general book on all of Japan.
All in all, highly recommended!

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Located only blocks from Tokyo's glittering Ginza, Tsukiji--the world's largest marketplace for seafood--is a prominent landmark, well known but little understood by most Tokyoites: a supplier for countless fishmongers and sushi chefs, and a popular and fascinating destination for foreign tourists. Early every morning, the worlds of hi-tech and pre-tech trade noisily converge as tens of thousands of tons of seafood from every ocean of the world quickly change hands in Tsukiji's auctions and in the marketplace's hundreds of tiny stalls. In this absorbing firsthand study, Theodore C. Bestor--who has spent a dozen years doing fieldwork at fish markets and fishing ports in Japan, North America, Korea, and Europe--explains the complex social institutions that organize Tsukiji's auctions and the supply lines leading to and from them and illuminates trends of Japan's economic growth, changes in distribution and consumption, and the increasing globalization of the seafood trade. As he brings to life the sights and sounds of the marketplace, he reveals Tsukiji's rich internal culture, its place in Japanese cuisine, and the mercantile traditions that have shaped the marketplace since the early seventeenth century.

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Money Has No Smell: The Africanization of New York City Review

Money Has No Smell: The Africanization of New York City
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An old Latin saying, Pecunia non olet, translates as "Money has no odor". Originally related to the urine tax levied by Roman emperors upon the collection of urine in public latrines, it means that the value of money is not tainted by its origins. West African street peddlers in New York City use this ancient adage to justify why they sell baseball caps ornamented with foul language, or African statues and masks that these pious Moslems associate with idolatry and refer to simply as "wood". They also feel no qualms about selling bootlegged videos, unlicensed merchandise, and fake fashion goods, but they make it clear to their clients that they are not selling the originals. They believe in honesty in transactions, and avoid everything that reeks of "funny business".
For the tourists and African Americans who patronize their stalls, their replication of an African market in Harlem has a "smell": indeed, the buyers are in for the exoticism, and they want to experience a piece of Africa in New York City. Growing out from illegal stalls and having gone through several relocations, the African street market has become one of the city's tourist attractions. Some African American clients are on a quest for origins: they are looking after their African roots, and West African merchants have turned that longing for African origins into a commercial operation. They sell a commodified version of Afrocentrism, a specific ideological orientation that exerts a profound influence on African American sociocultural life. Associated with the figure of Malcolm X, Afrocentrism has been developed into a body of doctrine by scholars such as Molefi Asante who are tracing its roots to the ancient civilization of Egypt. It has led to the invention of modern rituals and traditions such as the festival of Kwanzaa, a seven-day African American holiday celebrated between Christmas and the New Year. Of course, for West African merchants in New York, the meaning of Kwanzaa has little cultural resonance; it is not so much a sacred celebration as a simulation of Africa that is good for business.
The story of "kente" cloth illustrates how commodities are created and transformed by transnational networks that use the Afrocentric ideology as a source of profit. Kente is the name of a colorful, intricate, handwoven silk cloth traditionally worn by Asante nobles in Ghana on ceremonial occasions. The antique clothes are colored with vegetable dyes of deep blue, yellow, green, and red hues and are stitched in subtle and elegant patterns. Silk and rayon kente strips--handwoven but admittedly inferior to the original cloths--gradually became popular in the United States. Many icons of African American cultural life began to wear these kente strips as scarves--colorful material badges of African identity. Sometime in the early 1990s, enterprising Koreans entrepreneurs saw an opportunity. Working from photographs of handwoven Ghanaian silk kente, they designed a cotton print cloth version--for a fraction of the original's cost. Small textile factories in New Jersey began to mass produce them, and they were then transformed into "kente" cloth caps, sports jackets with "kente" cloth lapels, as well as dresses, skirts, and trousers.
The story doesn't end here: the success of New Jersey "kente" shocked the African textile industry into action. Ghanaian textile factories reproduced the cloth design, undercutting the costs, and shipped it to New York City as well as to other West African markets, where the cloths were transformed in low-cost textile mills. The "Ghanaian" reproduction of kente, whatever its origin, surpassed the New Jersey version in quality at a cheaper price. Asian entrepreneurs in lower Manhattan also bought bolts of fabric from African wholesalers and transformed it into caps and cheap clothing in downtown sweatshops manned by Asian immigrants. And soon African "kente" was back on the streets of Harlem, peddled by West African cloth merchants and street vendors, and sold mostly to African Americans in search of authenticity. As the book notes, "this confluence of symbolic contradiction is a small reminder of how the flow of money, goods, and people across increasingly fragmented spaces is transforming social landscapes, making them less bounded, more confusing."
Paul Stoller, the author of this ethnographic study, is on a different quest. Before conducting fieldwork through participant observation in street markets in New York City, his research experience had been in the rural western region of the Republic of Niger, where he studied symbolic interactions and religious practices in ethnically diverse villages. His familiarity with the Nigerien cultural context, and knowledge of the Songhay language as well as of French, gained him acceptance among the Francophone African merchants, otherwise suspicious of outside interference that may draw attention to their undocumented status. His informants were apparently happy to have him hang around, discuss their lives, and accompany them in various business transactions or administrative formalities. One goes so far as to suggest to him to change career and become a diplomat: "You know, you should come to Côte d'Ivoire or better yet, to Niger, and give out visas. With someone who understands our ways as well as you do, it would be very good for business."

The Africanization of New York City refers to the ways West African immigrants recreate part of their communal life in their new environment. As the author shows, the street markets are organized like many West African markets, where the space is often apportioned and regulated through informal mechanisms. Members of the same ethnic group or place of origin usually occupy contiguous space and sell the same kind of merchandise. In Manhattan, the aristocracy of street vendors is formed by the Senegalese, often members of the Mourid religious brotherhood, who were the first to migrate and who established a lock on informal vending space. Kinship, ethnicity, and nationality also directly affect the density of contacts and degree of trust and cooperation, which is bolstered by Islamic morality. Practices of long-distance trade in West Africa is also reproduced in the United States, where merchants from the same kinship network or ethnic group often pool resources and travel to what they call the "American bush", peddling their wares in African American festivals or Third World commercial fairs.
The author is also interested in describing the global forces that have compelled these merchants to leave West Africa and develop their trade in the streets of New York. Most West African traders come to the United States as single men, leaving behind their wives, children, parents, and complex extended families. Most of them are undocumented immigrants; this means they may avoid going to physicians, postpone English instruction at night schools, keep their proceeds in cash rather than bank accounts, and fail to report the theft of inventory. As the author writes, "they work, eat, and sleep with only the slightest exposure to American social life. They count their days in America, waiting to have made enough money to return home with honor." Having completed this detailed ethnography, the reader may agree with the author that "There is something heroic about this group of West African traders."

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Congo-Paris: Transnational Traders on the Margins of the Law (African Issues) Review

Congo-Paris: Transnational Traders on the Margins of the Law (African Issues)
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"Congo-Paris" is a fine example of the recent trend in anthropology away from the localized study of communities and towards analysis that transcends geographic boundaries. Not that this study is "multi-sited" (to use the dominant buzzword): MacGaffey and Bazenguissa conducted their fieldwork for the book entirely in Paris, interviewing dozens of subjects from both Congo-Brazzaville and Congo-Kinshasa. But Paris is just one venue in these transnational subjects' life histories as they range back and forth across national, legal, commercial, and cultural frontiers.
While the authors set out to validate the Congolese quest for relief from political and economic hardship at home, the image they present of this loosely-defined community of traders will do nothing for its image abroad. These individuals define themselves through the act of quietly circumventing the rules (particularly import duties and immigration laws), resisting governmental authority without manifesting any visible signs of dissent. This is understandable, given the corrupt and authoritarian Congolese regimes of recent decades. But the transnational traders' ethos of stealthy noncompliance extends to their overseas existence as well, with the result in these Parisian cases being a gamut of criminal activity from smuggling and apartment squatting to drug dealing and theft. "Model immigrants" they are not, regardless of whether their behavior represents a survival strategy. One wonders just how representative this underworld is of the larger community of Congolese living in Paris, and whether those Congolese living more lawful existences there object to being tarred with this brush of illegality.
Such moral qualms aside, I give "Congo-Paris" high marks for its thorough and penetrating analysis of its subjects, a very difficult group to interview given its members' legal status and clandestine activities. No doubt its success owes much to the collaboration between MacGaffey (British) and Bazenguissa (Congolese). The book also skillfully negotiates the difficult and shifting theoretical territory of anthropology to bring outside perspectives to bear on its subjects. Finally, it makes a strong case for redefining anthropology in the context of ongoing processes of globalization. I suspect that we will be seeing a good many more studies like this one in the future.

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God in the Pits: Confessions of a Commodities Trader Review

God in the Pits: Confessions of a Commodities Trader
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For those of you looking for a book about trading commodities, "God in the Pits" is not for you. Although there are some interesting musings about life on the trading floor within the pages of this book, "God in the Pits" really tackles issues much more significant than trading.
At the core of this book is Mr. Ritchie's account of his own spiritual and religious questions as they relate to significant (and sometimes tragic) events throughout his life. Through a remarkably revealing personal account, Mr. Ritchie takes us from the deserts of Afghanistan to the shores of Oregon and on to the trading pits of Chicago. In the process, Mr. Ritchie shares with the reader a stimulating ideological debate about the reality of religion in his life, and how he was able to reconcile within himself some difficult questions. For anyone who has ever questioned their faith, and who also enjoys a life story of nearly epic proportions, this book IS for you.

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Out of the Pits: Traders and Technology from Chicago to London Review

Out of the Pits: Traders and Technology from Chicago to London
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The pit trader postures and screams to establish dominance. He uses physical and psychological intimidation to scare off potential competitors. A certain amount of cooperation and even trust is necessary for him to be successful. It's surprising that Jane Goodall hasn't seen fit to study these young primates.
Caitlin Zaloom, a cultural anthropologist, lived among the savages at the Chicago Board of Trade (CBOT) and the London International Financial Futures Exchange (LIFFE) for several years, long enough for them to become accustomed to her presence and even, to a point, trust her or at least ignore her. A woman in the trading pit is about as rare as a human living among the gorillas.
There are some pretty compelling reasons to study the trading pits. They are disappearing and soon most trading will be done electronically from all over the world. Traders won't be in the same room with each other and shouting will get you nowhere. How will this change trading? Obviously a loud voice will no longer give a trader an advantage, but will being an alpha male still be a plus?
Zaloom looks at the traditions of traders, the architecture of the trading space, the traders' clothing and habits, how traders get their jobs and how they're trained. She learned the techniques of traders and she became a trader. It's a short book (177 pages of text plus excellent and detailed notes, bibliography, index, and photos), but it covers a lot of territory. The style is often academic, with references to Michel Foucault, for instance, but on the other hand, these are pit traders we're talking about, so you'll have to pardon their French. Zaloom describes an especially colorful London trader, Freddy, who wears khakis with holes in them that show his underwear. He picks his nose, flashes the pit, and sings and barks loudly. It's hard to imagine how the markets will survive without him.

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The Devil's Derivatives: The Untold Story of the Slick Traders and Hapless Regulators Who Almost Blew Up Wall Street . . . and Are Ready to Do It Again Review

The Devil's Derivatives: The Untold Story of the Slick Traders and Hapless Regulators Who Almost Blew Up Wall Street . . . and Are Ready to Do It Again
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I received this book as a reviewer. Since I am a market participant (algo-trader) I know all too well what Mr Dunbar is talking about. It is not a personality blow by blow account like the Big Short or The Sellout. I am glad for that. It is more like Traders, Guns, and Money, but a modern accounting of where the derivatives trend has gone. On that I was very appreciative as a market participant I want to know where things are going.
If there is a bugaboo with this book, its that it is too short with its 250 pages! I would have loved more information! But hey that's me. I thought the Appendix with the timeline was a fantastic touch!

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A compelling narrative on what went wrong with our financial system-and who's to blame.From an award-winning journalist who has been covering the industry for more than a decade, The Devil's Derivatives charts the untold story of modern financial innovation-how investment banks invented new financial products, how investors across the world were wooed into buying them, how regulators were seduced by the political rewards of easy credit, and how speculators made a killing from the near-meltdown of the financial system.Author Nicholas Dunbar demystifies the revolution that briefly gave finance the same intellectual respectability as theoretical physics. He explains how bankers worldwide created a secret trillion-dollar machine that delivered cheap mortgages to the masses and riches beyond dreams to the financial innovators.Fundamental to this saga is how "the people who hated to lose" were persuaded to accept risk by "the people who loved to win." Why did people come to trust and respect arcane financial tools? Who were the bankers competing to assemble the basic components into increasingly intricate machines? How did this process achieve its own unstoppable momentum-ending in collapse, bailouts, and a public outcry against the giants of finance?Provocative and intriguing, The Devil's Derivatives sheds much-needed light on the forces that fueled the most brutal economic downturn since the Great Depression.

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Click here for more information about The Devil's Derivatives: The Untold Story of the Slick Traders and Hapless Regulators Who Almost Blew Up Wall Street . . . and Are Ready to Do It Again

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