Chapter

Personae and Their Purposes

in Front Page Economics

Published by University of Chicago Press

Published in print March 2011 | ISBN: 9780226781983
Published online March 2013 | e-ISBN: 9780226782010 | DOI: http://dx.doi.org/10.7208/chicago/9780226782010.003.0004
Personae and Their Purposes

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This chapter fills in the narratives with the essential actors and their purposes. It specifically provides the characters as personae who put a familiar and memorable face on economic behavior and turn making money into a test of individual worth. Francis Yates' The Art of Memory was one of the most persuasive studies of individual memory. This study was well stated and commended by Alan Baddeley. The personae in 1987 were as much a statement of what “should be” as it is a statement of “what is.” The 1987 stock market was more heavily policed than in 1929. Throughout the early months of 1987, the Stock Market personae were less colorful than of the ones in 1929. The Raiders and the Insiders were as bad as it got before the crash in 1987. Both the 1929 and 1987 romances would come crashing down into a corrupt and costly financial crisis.

Keywords: personae; economic behavior; Francis Yates; The Art of Memory; Alan Baddeley; 1987 stock market; 1929; financial crisis; Raiders; Insiders

Chapter.  5407 words. 

Subjects: History of the Americas

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