Supermoney by Adam Smith

Supermoney

by Adam Smith

Michael Joseph, 1972, [First Edition], ISBN 718111281, hardcover, dustjacket

Very Good Condition, minor edge and shelf wear, no inscriptions, dustjacket shows minor edge and shelf wear with a little rubbing and  bumping to edges and corners  (see photographs)

“There is a superior currency – ‘Supermoney’ as it is here christened – capitalised income, or income that has ‘been through the prism of the markets’.  One immediate problem is that the great capital ‘supercurrency’ market can be easily exploited by speculators.  The sinister worship of ‘performance’ continues, with young ‘go-go’ managers using every possible gimmick to boost paper profits.  Not surprisingly, disaster is very near in bear markets.  ‘Smith’ gives a number of examples, both shattering and hilarious.”