{"product_id":"the-futures-the-rise-of-the-speculator-and-the-origins-of-the-worlds-biggest-markets-9780465018437","title":"The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets","description":"\u003cp\u003eIn The Futures  Emily Lambert  senior writer at Forbes magazine  tells us the rich and dramatic history of the Chicago Mercantile Exchange and Chicago Board of Trade  which together comprised the original  most bustling futures market in the world. She details the emergence of the futures business as a kind of meeting place for gamblers and farmers and its subsequent transformation into a sophisticated electronic market where contracts are traded at lightning-fast speeds. Lambert also details the disastrous effects of Wall Streets adoption of the futures contract without the rules and close-knit social bonds that had made trading it in Chicago work so well. Ultimately Lambert argues that the futures markets are the real \"free\" markets and that speculators  far from being mere parasites  can serve a vital economic and social function given the right architecture. The traditional futures market  she explains  because of its written and cultural limits  can serve as a\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":45953344405557,"sku":"ByrdShop_0465018432","price":37.53,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780465018437.jpg?v=1788185842","url":"https:\/\/atxbooks.com\/products\/the-futures-the-rise-of-the-speculator-and-the-origins-of-the-worlds-biggest-markets-9780465018437","provider":"ATX Books","version":"1.0","type":"link"}