Selected as one of the best investment books of all time by the Financial Times, Manias, Panics, and Crashes puts the turbulence of the financial world in perspective. Here is a vivid and entertaining account of how reckless decisions and a poor handling of money have led to financial explosions over the centuries.
In this updated edition of his most popular work, Charles Kindleberger presents a detailed study of nearly every major financial upset throughout history. From the Holy Roman Empire?s currency devaluation of 1618 to the stock market crash of 1987, this history is a highly enjoyable and supremely informative listening experience.
|What People are Saying||
?Underneath the hilarious anecdotes, the elegant epigrams, and the graceful turns of phrase, Kindleberger is deadly serious. The manner in which humans beings earn their livings is no laughing matter to him, especially when they attempt to do so at the expense of one another. As he so effectively demonstrates, manias, panics, and crashes are the consequence of an economic environment that cultivates cupidity, chicanery, and rapaciousness rather than a devout belief in the Golden Rule.? Peter L. Bernstein ?Manias, Panics, and Crashes is a scholarly account for the way that mismanagement of money and credit has led to financial explosions over the centuries.? Financial Times ?A comprehensive history of financial crises.? Economist ?[A] classic history of financial crises.? New Statesman ?Charles Kindleberger has written, with great polish and style, an analysis of the stages of financial crises over the last two and a half centuries.? Economic Journal ?An entertaining and easily accessible book, filled with fascinating historical vignettes.? Charles Goodhart, London School of Economics