9780140238563 / 0140238565

A Short History of Financial Euphoria (Penguin business)


Publisher:Penguin Books



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Language:Chinese.Paperback. Pub Date: 1994-7-1 Pages: 113 Publisher: Penguin With all the financial know-how and experience of the wizardson Wall Street and elsewhere. how is it that the market still goesboom and bust How can people be so willing to get caught up in themania of speculation when history tells us that a collapse isalmost sure to follow In this primer. the renowned economist JohnKenneth Galbraith reviews the major speculative episodes of thelast three centuries - from the 17th century tulip craze to thecalamitous junk-bond follies of the 1980s His insights provideimportant lessons on speculative economics. and demonstrateconclusively that money and intelligence are not necessarilylinked Contents:.. The speculative episodethe common denominatorsthe classic cases I - the tulipomania. John Law and the BanqueRoyale; The classic cases II - the bubblethe American tra...

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