Defining Speculation: The First Step toward a Rational Dialogue

  title={Defining Speculation: The First Step toward a Rational Dialogue},
  author={Edward Szado},
  journal={The Journal of Alternative Investments},
  pages={75 - 82}
  • E. Szado
  • Published 30 June 2011
  • Economics
  • The Journal of Alternative Investments
The meaning attributed to a particular financial term can have a significant impact on the way one considers issues in the marketplace. The purpose of this article is to offer one perspective on how to properly define speculation and to offer a broad view of how and why different understandings of the term have led to the debate as to how, and to what degree, to control the activities of speculators. For instance, the view of what constitutes speculation and its impact on market processes… 
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