The world-renowned economist offers “dourly irreverent analyses of financial debacle from the tulip craze of the seventeenth century to the recent plague. This review of John Kenneth Galbraith’s book “A Short History of Financial Euphoria” documents history’s lessons for financial decision makers. A Short History of Financial Euphoria. John Kenneth Galbraith, Author Viking Books $16 (p) ISBN

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Finnacial style is so engaging it leaves you wanting more, but the book fairly skirts over most of the interesting episodes it chronicles, never really getting into any depth. Oct 29, Joyce Zhang rated it liked it. Fourth, when a crash comes, the explanation tends to be located in handy scapegoats e. Episodes of financial euphoria and their harsh consequences are a so-far inescapable consequence of capitalism.

First, it runs counter to the presumption that wealth is associated with intelligence.

Financial innovation is seldom anything else than leverage. Published July 1st by Penguin Books first published January 1st See authors such as Nassim Nicholas Taleb for more on this subject. Aug 02, Daniel Clausen rated it it was amazing.

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The speculative period is prolonged by the fact that those participating psychologically must justify what has made them rich and has given them a feeling of being successful and intelligent persons.

Worth rereading periodically to remind oneself. The general framework in itself is penned down in two initial chapters and in the concluding ending chapter, in total 30 pages. The writing is clear, concise and often caustic.

A simple, concise book on the euphoria of crowds. It is a short, witty book with superb, sometimes cynical language. This book was short and a fast-paced read, essential if I’m going to read some non-fiction book about financial matters. Short and sweet, witty, humorous, and yet informative. His focus on the repeated presence of leverage in these events is interesting and it is a shame that space does not allow for a more systematic analysis. Skin in the Game.

A Short History of Financial Euphoria by John Kenneth Galbraith

Are the causes of economic events such as assets bubbles and busts endogenous – originating within the economic system, such as central bank action or new innovations – financiwl exogenous – originating outside it, such as natural disasters? The references to Mr. Just a moment while we sign you in to your Goodreads account.

Very few, however, true innovations ever occur, and most of these apparent innovations involve the creation of debt. The book is short, simple, and intelligent. Description With all the financial know-how and experience of the wizards on Wall Street and elsewhere, how euphoriq it that the market still goes boom and bust? A Legacy of Spies. On a separate but related note. Astrophysics for People in a Hurry.

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This deficit had already persisted in what was considered by fiscal conservatives an alarming magnitude for the preceding six years of the Reagan administration.

Something that must always be on the mind of the enterprising investor if he wishes to succeed. If Investor X is making all that money, he must be especially wise. Book ratings by Goodreads.

A Short History of Financial Euphoria

The Scientific Secrets of Perfect Timing. This is the second book I’ve read in a short time about financial manias, and it’s an important one.

Any doubters are perceived as attacking their very person. This book was referenced several times in “Juggling Dynamite” so I thought I’d check it out. Chi ama i libri sceglie Kobo e inMondadori. Yes No Thanks for your feedback! There are no discussion topics on this book yet. The Signal and the Noise.

Item s unavailable for purchase. A particular asset tulips, homes, etc.