Journal of Economic Literature
Book Reviews
2026-09-01
Uday Rajan of University of Michigan reviews “Pop Finance: Investment Clubs and the New Investor Populism” by Brooke Harrington,. The EconLit Abstract of the reviewed work begins “Follows the trajectory of the new stock market populism via the rise of investment clubs throughout the 1990s, through which millions of people across the socioeconomic spectrum became investors for the first time. Discusses stock market populism--investment clubs and economic history; investment clubs as markets in microcosm; group composition and the business case for diversity; getting ahead versus getting along--decision making in investment clubs; and reflections on investing in the 1990s. Harrington is a researcher at the Max Planck Institute for the Study of Societies. Index.”