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A Short History of Financial Euphoria
Author(s): John Galbraith (Author)
- Publisher: Penguin
- Publication Date: 29 Sept. 1994
- Edition: Illustrated
- Language: English
- Print length: 128 pages
- ISBN-10: 0140238565
- ISBN-13: 9780140238563
Book Description
As markets and economies around the world face meltdown, one man can sit back and say “I told you so!”. Galbraith looks at the sobering lessons from history in his witty essay A SHORT HISTORY OF FINANCIAL EUPHORIA. From “Tulipomania” in 1636 to Black Monday in 1987 and numerous examples in between, he illustrates the unbroken cycle of boom and bust which we are experiencing again today. How can people be so willing to get caught up in the mania of speculation when history tells us that a collapse is almost inevitable? In this wise essay, Galbraith reviews the major speculative episodes of the last three centuries, drawing important lessons on speculative economics and demonstrates that money and intelligence are not necessarily linked.
Editorial Reviews
Review
“Galbraith’s long historical view is refreshing … Easily read and enterraining.” —Washington Post Book World
About the Author
John Kenneth Galbraith was the Paul M. Warburg Professor of Economics Emeritus at Harvard University and was the US ambassador to India during the Kennedy administration. His works THE GREAT CRASH 1929, THE AFFLUENT SOCIETY, THE NEW INDUSTRIAL STATE, and ECONOMICS AND THE PUBLIC PURPOSE are landmarks of political and economic analysis.
