A Short History of Financial Euphoria
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.
What people are saying - Write a review
LibraryThing ReviewUser 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 euphoriaUser 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