The Bankers: The Next Generation The New Worlds Money Credit Banking Electronic Age

by Martin Mayer

A thoroughly revised and updated version of the author's best-seller illuminates the workings of the money, credit, and banking institutions in the electronic age, showing investors where the trends are leading and how to profit from them. Reprint.

Genres: Finance, History, Economics, Nonfiction

544 pages, Paperback

First published January 1, 1974

About the author

Martin Mayer was an American economist and writer.

Reviews

[Thomas Ray]

The Bankers, Martin Mayer (1928-2019), 1974, 612 pages, SBN 345247507225

How the banking system works in the U.S., as of 1974.

By definition, money is a scarce good (if money were not scarce, people would not work for it). p. 6.

In 1973, banks earned about 6% of the profits in American enterprise. p. 7.

NO COMPETITION

Neither the federal nor the state government will charter a new bank in a locality unless it is demonstrated that the banks already on the scene, whether they are doing a good job or a bad job, will not be harmed. Existing banks will fight to prevent the chartering of a rival; a growing market will draw many applicants. A man wishing to start a bank would be wise to have friends well-connected in politics. p. 71.


Author's wikipedia page: https://en.m.wikipedia.org/wiki/Marti...

[Eben]

A good fundamental history, albeit sometimes incomprehensible.

[Mario Cerqueira]

Good insight into the banking industry