Nonfiction | Biographies & Memoirs
The Match King : Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals
by Frank Partnoy 2020-07-08 12:03:36
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At the height of the roaring '20s, Swedish émigré Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies. His enterprise was a rare success story throughout the Great Depressi... Read more
At the height of the roaring '20s, Swedish émigré Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies. His enterprise was a rare success story throughout the Great Depression. Yet after his suicide in 1932, it became clear that Kreuger was not all he seemed: evidence surfaced of fudged accounting figures, off-balance-sheet accounting, even forgery. He created a raft of innovative financial products— many of them precursors to instruments wreaking havoc in today's markets. In this gripping financial biography, Frank Partnoy recasts the life story of a remarkable yet forgotten genius in ways that force us to re-think our ideas about the wisdom of crowds, the invisible hand, and the free and unfettered market.
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  • 8.4x5.5x0.9inches
  • 272
  • PublicAffairs
  • March 1, 2010
  • English
  • 9781586488123
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Frank Partnoy
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Frank Partnoy is the George E. Barrett Professor of Law and Finance at the University of San Diego School of Law. His books include F.I.A.S.C.O., Infectious Greed, and The Match King. His next book,...
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