“THE NEW LEVEL OF PRICES IS NOT FICTITIOUS, FUNDAMENTALLY”
DICE, Charles Amos. New Levels in the Stock Market. New York: McGraw-Hill, 1929. Octavo, original burgundy cloth. $1000.
First and only edition of Dice’s important work on the stock market.
While many investors in the late 1920s began to suspect that excessive stock market speculation had created a bubble, Ohio State University Professor Charles Amos Dice, along with Yale economist Irving Fisher, was one of the few scholars to argue that the higher prices were justified by "a mighty revolution in industry, in trade, and in finance." Although many were quick to deride Dice's views following the stock market crash, it has since been argued by several prominent economists that Dice might have been correct and that, without rash missteps in federal policymaking and large company management, stock prices would not have plummeted to the same extent. With errata slip tipped-in between pages 68-69.
A fine copy with only lightest toning to spine.