Other People's Money and How the Bankers Use It
Other People's Money And How the Bankers Use It (1914) is a collection of essays written by
Contents
All the chapters of the book appeared as articles in Harper's Weekly between 22 November 1913 and 17 January 1914,[citation needed] and were written before November 1913.
- Our Financial Oligarchy
- How the Combiners Combine
- Interlocking Directorates
- Serve One Master Only!
- What Publicity Can Do
- Where the Banker is Superfluous
- Big Men and Little Business
- A Curse of Bigness
- The Failure of Banker-Management (first appeared in Harper's Weekly, 16 August 1913[citation needed])
- The Inefficiency of the Oligarchs
Synopsis
The book attacked the use of investment funds to promote the consolidation of various industries under the control of a small number of corporations, which Brandeis alleged were working in concert to prevent competition. Brandeis harshly criticized
Brandeis supported his contentions with a discussion of the actual dollar amounts—in millions of dollars—controlled by specific banks, industries, and industrialists such as
Famous quote
Chapter V of the book ("What Publicity Can Do") contains in its opening section a well-known line that has frequently been cited in support of regulation through disclosure obligations: "Sunlight is said to be the best of disinfectants; electric light the most efficient policeman."
Notes
- ^ Brandeis, Louis D. (1914). Other People's Money and How the Bankers Use It. New York: Frederick A. Stokes. Retrieved 29 April 2016 – via Internet Archive.
See also
- US corporate law
External links
- "A complete online copy of Other People's Money and How the Bankers Use It". Retrieved 2015-03-30.
- "The Value of Other People's Money" in the New York Times
- Other People's Money public domain audiobook at LibriVox