A Short History of Financial Euphoria
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The world-renowned economist offers “dourly irreverent analyses of financial debacle from the tulip craze of the seventeenth century to the recent plague of junk bonds.” —The Atlantic.
With incomparable wisdom, skill, and wit, world-renowned economist John Kenneth Galbraith traces the history of the major speculative episodes in our economy over the last three centuries. Exposing the ways in which normally sane people display reckless behavior in pursuit of profit, Galbraith asserts that our “notoriously short” financial memory is what creates the conditions for market collapse. By recognizing these signs and understanding what causes them we can guard against future recessions and have a better hold on our country’s (and our own) financial destiny.
Publisher : Penguin Books; Reprint edition (July 1, 1994)
Language : English
Paperback : 128 pages
ISBN-10 : 0140238565
ISBN-13 : 978-0140238563
Item Weight : 4.6 ounces
Dimensions : 7.76 x 5.08 x 0.44 inches
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Customers find the book to be a great, interesting read with excellent prose. Opinions differ on the insight, with some finding it insightful and relevant, while others say it’s too vague and doesn’t offer practical advice.
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