The decline of the banking dynasty

Author: [USA] Chen Nuo, translated by Gong Han
Publisher:
Publish Date: 2004-05-01
Features: In this book that includes a "trilogy," the author attempts to explain why these family dynasties were overthrown and became part of history—that is, why they did not represent permanent economic entities but merely fleeting clouds in the process of capitalist economic development. The author's purpose is not to evoke the past glory of these forgotten tycoons from dusty archives, but to show the historical shifts in economic and political power among these once invincible banking dynasties. For this reason, the author uses the decline of these families as a starting point for investigating the upper echelons of finance over the past two centuries. These financial families, like canaries in a coal mine, reveal the hidden forces behind the workings of capital markets.