The Alchemy of Finance, 2nd Edition

Foreword to the First Edition by Paul Tudor Jones II.

New Preface.

New Introduction.

PART ONE: THEORY

1. Reflexivity in the Stock Market.

2. Reflexivity in the Currency Market.

3. The Credit and Regulatory Cycle.

PART TWO: HISTORICAL PERSPECTIVE.

4. The International Debt Problem.

5. The Collective System of Lending.

6. Reagan’s Imperial Circle.

7. Evolution of the Banking System.

8. The "Oligopolarization" of America.

PART THREE: THE REAL-TIME EXPERIMENT.

9. The Starting Point: August 1985.

10. Phase 1: August 1985-December 1985.

11. Control Period: January 186-July 1986.

12. Phase 2: July 1986-November 1986.

13. The Conclusion: November 1986.

PART FOUR: EVALUATION.

14. The Scope for Financial Alchemy: An Evaluation of the Experiment.

15. The Quandary of the Social Sciences.

PART FIVE: PRESCRIPTION.

16. Free Markets Versus Regulation.

17. Toward an International Central Bank.

18. The Paradox of Systemic Reform.

19. The Crash of '87.

Epilogue.

Notes.

Appendix.