The Markets and the Media by Thomas Schuster

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Summary

There has been a great influx of sources for business and financial news. This book explores why the expansion of economic communication has proven to be of only limited benefit. It argues that the financial media boom has had negative repercussions resulting in substantial costs for the individual as well as the systemic level.

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The Markets and the Media by Thomas Schuster

In recent years there has been a great influx of sources for business and financial news, yet the hope that this financial media boom would lead to the democratization of the financial markets has not been realized. Thomas Schuster's The Markets and the Media explores why the expansion of economic communication has proven to be of only limited benefit, arguing that the financial media boom has had negative repercussions resulting in substantial costs for the individual as well as the system. The Markets and the Media stands alone in its class: It is the first comprehensive analysis focusing on the complex, intricate, and often puzzling relationship between the financial markets and the mass media. Featuring a comprehensive business bibliography, this book is a must-read for both finance experts and media scholars.
In this hard-hitting analysis, Thomas Schuster unmasks how the symbiotic relationship between a rapidly growing financial news media and the stock market gurus of leading investment banks victimized most of all the unsophisticated individual investor during the last stock market boomThis well-written text is a must read for individuals who do not want to jeopardize their financial well-being by following the investor hype of so-called experts. -- Brigitte Nacos, Columbia Univeristy * CHOICE *
This specialized study will be of most interest to scholars and researchers interested in financial markets and/or the media. Recommended.
Explores why the expansion of economic communication has proven to be of only limited benefit and examines the negative reperscussions that the financial media boom has had on the individual and the system. * Journal of Economic Literature *
Schuster's careful analysis shows that the mechanism to which Walter Lippmann alerted us almost a century ago applies to the financial markets as well: the media's news values create virtual 'pictures in our heads' that we treat as reality. Acting on them we create 'real reality.' -- Wolfgang Donsbach, Institut für Kommunikationswissenschaft
Thomas Schuster is associate professor of journalism at the Institute for Communication and Media Research, Leipzig University.
SKU Unavailable
ISBN 13 9780739113318
ISBN 10 0739113313
Title The Markets and the Media
Author Thomas Schuster
Condition Unavailable
Binding Type Paperback
Publisher Bloomsbury Publishing Plc
Year published 2006-03-27
Number of pages 196
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.