ENGLISH

A Short History of Financial Euphoria (Whittle)

By John Kenneth Galbraith

Book information

Year
1994
ISBN
0140238565, 9780140238563
Open Library ID
OL21017834M
Language
english
Format
PDF
Filesize
1 MB (1430630 bytes)
Pages
128\130
Topic
History
Time added
2011-06-04 13:46:07

Description

With all the financial know-how and experience of the wizards on Wall Street and elsewhere, how is it that the market still goes boom and bust? How can people be so willing to get caught up in the mania of speculation when history tells us that a collapse is almost sure to follow? In this primer, the renowned economist John Kenneth Galbraith reviews the major speculative episodes of the last three centuries - from the 17th century tulip craze to the calamitous junk-bond follies of the 1980s. His insights provide important lessons on speculative economics, and demonstrate conclusively that money and intelligence are not necessarily linked.

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