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ISBN: 0140238565 / ISBN-13: 9780140238563

A Short History of Financial Euphoria

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World-renowned economist Galbraith, the bestselling author of The Affluent Society, reviews great speculative booms of the last three centuries, ... Show synopsis

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  • A Short History of Financial Euphoria (Penguin Books) – Trade paperback (1994)
    by John Kenneth Galbraith

    A Short History of Financial Euphoria

    Trade paperback, Penguin Books
    1994
    English
    128 pages

    ISBN: 0140238565
    ISBN-13: 9780140238563

    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 ... Show more

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Reviews of A Short History of Financial Euphoria

Overall customer rating: 4.667
rubina

Economist with a sense of humor

by rubina on Jan 23, 2014

This book was written in 1993, before the euphorias of the 90's and aughts, so is not the "latest" but the author's theories and descriptions are completely relevant. He believes that recurrent speculative insanity & its aftermath are an inherent part of the system and should be recognized and accepted. The book is full of smiles & laughs: e.g., he points out that Donald Trump is never broke, he just has a negative net worth.

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cdevans

Historical lessons

by cdevans on Jul 23, 2009

Helpful in understanding the current financial crisis. More proof that if one doesn't learn from history one is doomed to repeat it. Taking Gailbreths ideological bent, an odd and unexpected theme showed up. There was a strong caveat emptor and blame the victim point of view expressed. Progressives and Conservatives can both find this of interest.

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Edursho
by Edursho on Nov 13, 2008

An excellent presentation of the ups and downs of the capitalistic system Well ahead of the today crisis. it could have been written yesterday, after the crisis, with the same value. But it is a 10 years old or more book.

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