From tulips and scrips to bitcoin and meme stocks – how the act of speculating became a financial …
From ancient times until the late 1700s, the term “speculation” was used mainly by philosophers, scientists and authors to describe conjectures about the future. Political economist Adam Smith used the term extensively in “Wealth of Nations,” published in 1776, after seeing it used to describe lotteries and smuggling. Rush’s terminology and his way of thinking […]