A Short History of Financial Euphoria

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Whittle Books, 1994 - Business & Economics - 113 pages
2 Reviews
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 histroy tells us that a collapse is almost sure to follow? In this wise and entertaining primer, the world-renowned economist John Kenneth Galbraith reviews the major speculative episodes of the last three centuries, from the seventeenth-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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User Review  - lindap69 - LibraryThing

This short book should be a must read for all those involved in our financial institutions. Galbraith shows how we have repeatedly allowed ourselves to ride the boom/bust roller coaster and how the ... Read full review

A short history of financial euphoria

User Review  - Not Available - Book Verdict

No matter what your political leanings or economic beliefs might be, there is no denying that Galbraith is a brilliant writer. In this humorous and thoughtful book, he traces the investor "herd ... Read full review

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About the author (1994)

John Kenneth Galbraith was born in 1908 in Ontario, Canada. He earned a PhD at the University of California in 1934 and later took a fellowship at Cambridge, where he first encountered Keynesian economics. At different points in his life he taught at both Harvard and Princeton, and wrote more than forty books on an array of economic topics. During World War II he served as deputy head of the Office of Price Administration, charged with preventing inflation from crippling the war efforts, and also served as the US Ambassador to India during the Kennedy administration. He passed away in 2006.

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