A Short History of Financial Euphoria

Posted on 13 November 2018 by John Kenneth Galbraith

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. Free Read A Short History of Financial Euphoria [ By ] John Kenneth Galbraith [ Kindle ePUB or eBook ] – kino-fada.fr This is not my usual style of book My accountant husband urged me to read it after I failed to read another book of Galbraith s The Great Crash, I believe it was This book was short and a fast paced read, essential if I m going to read some non fiction book about financial matters.I flew through this book and it was a big eye opener I knew some of the history included but Galbraith lays out the similarities of various economic crises to show how clich d though it may sound history repeat This is not my usual style of book My accountant husband urged me to read it after I failed to read another book of Galbraith s The Great Crash, I believe it was This book was short and a fast paced read, essential if I m going to read some non fiction book about financial matters.I flew through this book and it was a big eye opener I knew some of the history includ...Un interesant simo libro que ayuda a comprender los entresijos y funcionamiento de los mercados, que invita a pensar y a ser precavido con tus inversiones.Galbraith s reputation as an economist isn t what it once was There are few takers these days for tomes such as American Capitalism, The New Industrial State, or Economics and the Public Purpose, although The Affluent Society retains a readership But as a writer of popular, accesible economics, he is, in my view, up there with Bastiat His The Great Crash o...Short and sweet, witty, humorous, and yet informative Galbraith shares his characterization of episodes of speculation, then gives the account of a dozen such episodes, from Holland s tulip mania to the crash of October 1987 Some key ideas a The average person believes that people of great wealth or who mana...Galbraith, John A short history of financial euphoria, Whittle books Viking , Viking Penguin, New York, 1993 Hardcover, 113 pages.Rating 7 10Following a series of extraordinarily bad fiction books, it was a delight to turn to Galbraith, whom I had not read since my college days A short history of financial euphoria can be read in two hours, it offers amusement as well as uti...D j vu all over again That seems to be the pattern of financial boom and bust In this slender volume, John Kenneth Galbraith selectively traces episodes of speculative excess from the Tulipomania of the mid 17th century through the Crash of 87 Why don t we ever learn Galbraith identifies several reasons First, collective memories of financial debacles tend to be very short therefore, each new generation of financial wizards can effectively start over with a blank slate Second, each wa D j vu all over again That seems to be the pattern of financial boom and bust In this slender volume, John Kenneth Galbraith selectively traces episodes of speculative excess from the Tulipomania of the mid 17th century through the Crash of 87 Why don t we ever learn Galbraith identifies several reasons First, collective memories of financial debacles tend to be very short therefore, each new generation of financial wizards can effectively sta...This book was referenced several times in Juggling Dynamite so I thought I d check it out Galbraith s style reminds me of the intellectuals I was always tripping over at the University but he s quite readable In fact, the book is pretty funny in a sarcastic, cutting kind of way Galbraith reviews the aspects of human nature and the economy that allow us to constantly go into boom and bust cycles He starts around the time of Tulipomania in the 1600s and goes right up through the 20th centu This book was referenced several times in Juggling Dynamite so I thought I d check it out Galbraith s style reminds me of the intellectuals I was always tripping over at the University but he s quite readable In fact, the book is pretty funny in a sarcastic, cutting kind of way Galbraith revi...A simple, concise book on the euphoria of crowds.And everytime it s the same thing euphoria based on a mutated new event reality.And the crowd catches the fever.Wonder what this book would have said about the IT bubble And about the Great...Most recently updated 1993 Scary Could have been written in July 2009 Brilliantly executed descriptions of euphorias ae of the past Only short coming is that it s very short on the prescriptive Ends with a bit shrug of the shoulders.A quick and informative if not oversimplified essay highlighting key moments of speculation in financial history and their inevitable reoccurance brought on by short term memory and extreme optimism Definitely worth picking up Those who forget the past are destined to repeat it

English
13 November 2018

John Kenneth Galbraith