Here it would have been helpful had Steil offered more of his own analysis.
That is certainly possible, says Benn Steil, an economist at the Council on Foreign Relations.
London and New York have been rivals for decades, but Steil said several recent developments favor the City.
FORBES: Why the world would be better off with one big stock market.
Once again, it would have been interesting if Steil himself had analyzed this thinking through his own eyes.
Steil finds the NYSE trading system to be archaic and prone to corruption.
FORBES: Why the world would be better off with one big stock market.
Benn Steil is director of international economics at the Council on Foreign Relations.
Mentioned a lot in this review is the interesting history Steil has unearthed.
Though Steil seems to come to a different conclusion, White left a far better legacy of growth than did Keynes.
More on Keynes, Steil recounts that he lost a great deal of money speculating on commodities from 1927 to 1929.
Benn Steil is director of international economics at the Council on Foreign Relations and co-winner of the 2010 Hayek Book Prize.
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Steil reports, however, that Keynes was not a perfect investor, particularly when it came to risk management in his personal portfolio.
Benn Steil is director of international economics at the Council on Foreign Relations and co-winner of the 2010 Hayek Book Prize for Money, Markets and Sovereignty.
Steil notes the exchange remains owned by its members and that its allegiance to the physical floor has more to do with their income than any devotion to its system.
FORBES: Why the world would be better off with one big stock market.
Steil offered little analysis of this, which was unfortunate.
But Benn Steil, an economist at the Council on Foreign Relations in New York, argues that, once in place, it could easily be extended into daytime trading hours, particularly if customers demanded it.
Benn Steil, senior fellow at the Council on Foreign Relations, notes companies that list in New York, in aggregate, pay millions of dollars a year to meet U.S. legal and accounting rules and exchange fees.
FORBES: Why the world would be better off with one big stock market.
This should be resisted, for all the historical reasons to be found in a new book, Money, Markets and Sovereignty (Yale University Press), coauthored by the director of international economics at the Council on Foreign Relations, Benn Steil.
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