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LEADER 00000cam 2200457Ii 4500
001 ocn948559822
003 OCoLC
005 20170207024026.0
008 160429s2017 njua b 001 0 eng d
010 2016935601
019 947074638
020 9780691164557
020 069116455X
035 (OCoLC)948559822|z(OCoLC)947074638
040 BTCTA|beng|erda|cBTCTA|dYDXCP|dBDX|dTOH|dOCLCQ|dCDX|dFM0
043 n-us---
049 CKEA
050 4 HV6769|b.B35 2017
082 04 364.16/80973|223
100 1 Balleisen, Edward J.,|eauthor.
245 10 Fraud :|ban American history from Barnum to Madoff /
|cEdward J. Balleisen.
264 1 Princeton :|bPrinceton University Press,|c[2017]
300 xiv, 479 pages :|billustrations ;|c25 cm
336 text|btxt|2rdacontent
337 unmediated|bn|2rdamedia
338 volume|bnc|2rdacarrier
504 Includes bibliographical references (pages 387-470) and
index.
505 0 Part I: Duplicity and the evolution of American capitalism
-- The enduring dilemmas of antifraud regulation -- The
shape-shifting, never-changing world of fraud -- Part II:
A nineteenth-century world of caveat emptor (1810s to
1880s) -- The porousness of the law -- Channels of
exposure -- Part III: Professionalism, moralism, and the
elite assault on deception (1860s to 1930s) -- The
beginnings of a modern administrative state -- Innovation,
moral economy, and the Postmaster General's peace -- The
businessmen's war to end all fraud -- Quandaries of
procedural justice -- Part IV: The call for investor and
consumer protection (1930s to 1970s) -- Moving toward
Caveat venditor -- Consumerism and the reorientation of
antifraud policy -- The promise and limits of the
antifraud state -- Part V: The market strikes back (1970s
to 2010s) -- Neoliberalism and the rediscovery of business
fraud.
520 "The United States has always proved an inviting home for
boosters, sharp dealers, and outright swindlers. Worship
of entrepreneurial freedom has complicated the task of
distinguishing aggressive salesmanship from unacceptable
deceit, especially on the frontiers of innovation. At the
same time, competitive pressures have often nudged
respectable firms to embrace deception. As a result, fraud
has been a key feature of American business since its
beginnings. In this sweeping narrative, Edward Balleisen
traces the history of fraud in America--and the evolving
efforts to combat it--from the age of P. T. Barnum through
the eras of Charles Ponzi and Bernie Madoff. Starting with
an early nineteenth-century American legal world of "buyer
beware," this unprecedented account describes the slow,
piecemeal construction of modern regulatory institutions
to protect consumers and investors, from the Gilded Age
through the New Deal and the Great Society. It concludes
with the more recent era of deregulation, which has
brought with it a spate of costly frauds, including the
savings and loan crisis, corporate accounting scandals,
and the recent mortgage-marketing debacle. By tracing how
Americans have struggled to foster a vibrant economy
without enabling a corrosive level of fraud, this book
reminds us that American capitalism rests on an uneasy
foundation of social trust"--Book jacket.
650 0 Fraud|zUnited States|xHistory.
650 0 Commercial crimes|zUnited States|xHistory.
650 0 Swindlers and swindling|zUnited States|xHistory.
650 0 Financial institutions|xCorrupt practices|zUnited States
|xHistory.
650 7 Swindlers and swindling.|2fast|0(OCoLC)fst01140414
650 7 Commercial crimes.|2fast|0(OCoLC)fst00869469.
650 7 Financial institutions|xCorrupt practices.|2fast
|0(OCoLC)fst00924643.
650 7 Fraud.|2fast|0(OCoLC)fst00933786.
651 7 United States.|2fast|0(OCoLC)fst01204155.
655 7 History.|2fast|0(OCoLC)fst01411628.
994 92|bCKE