skip to content
A short history of financial euphoria Preview this item
ClosePreview this item
Checking...

A short history of financial euphoria

Author: John Kenneth Galbraith
Publisher: New York, N.Y. : Whittle Books in association with Viking, 1993.
Edition/Format:   Print book : English : [New ed.]View all editions and formats
Summary:
How is it that, with all the financial know-how and experience of the wizards on Wall Street and elsewhere, the market still goes boom and bust? How come people are so willing to get caught up in the mania of speculation when history tells us that a collapse is almost sure to follow?
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Genre/Form: Case studies
Additional Physical Format: Online version:
Galbraith, John Kenneth, 1908-2006.
Short history of financial euphoria.
New York, N.Y. : Whittle Books in association with Viking, 1993
(OCoLC)646851919
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: John Kenneth Galbraith
ISBN: 0670850284 9780670850280
OCLC Number: 27012905
Description: xii, 113 pages : illustrations ; 23 cm
Contents: 1. The Speculative Episode --
2. The Common Denominators --
3. The Classic Cases, I: The Tulipomania; John Law and the Banque Royale --
4. The Classic Cases, II: The Bubble --
5. The American Tradition --
6. 1929 --
7. October Redux --
8. Reprise.
Responsibility: John Kenneth Galbraith.

Abstract:

How is it that, with all the financial know-how and experience of the wizards on Wall Street and elsewhere, the market still goes boom and bust? How come people are so willing to get caught up in the mania of speculation when history tells us that a collapse is almost sure to follow?

In A Short History of Financial Euphoria, renowned economist John Kenneth Galbraith reviews, with insight and wit, the common features of the great speculative episodes of the last three centuries - the seventeenth-century craze in Western Europe for investing in an unusual commodity: the tulip; Britain's South Sea Bubble and the eighteenth century's fascination with the joint-stock company, now called the corporation; and, more recently, the discovery of leverage in the form of junk bonds. Along the way, Galbraith explains the newfangled types of debt that different generations have dreamt up, and he entertains with anecdotes about the ingenuity with which some of the more notorious charlatans have convinced people to invest in financial ciphers.

Galbraith calls this book "a hymn of caution" for good reason. He warns that the time will come when the public hails yet another financial wizard. In that case, the reader will do well to remember the Galbraithian adage: "Financial genius is before the fall." The appearance of the next John Law, Robert Campeau, or Michael Milken may well be, after all, a harbinger of disaster.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.

Similar Items

Related Subjects:(6)

User lists with this item (4)

Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/27012905> # A short history of financial euphoria
    a schema:Book, schema:CreativeWork ;
    library:oclcnum "27012905" ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/51509539#Place/new_york_n_y> ; # New York, N.Y.
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/nyu> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/51509539#Topic/speculation_cas_etudes_de> ; # Spéculation--Cas, Études de
    schema:about <http://experiment.worldcat.org/entity/work/data/51509539#Topic/speculation_case_studies> ; # Speculation--Case studies
    schema:about <http://experiment.worldcat.org/entity/work/data/51509539#Topic/krachs> ; # Krachs
    schema:about <http://experiment.worldcat.org/entity/work/data/51509539#Topic/speculatie> ; # Speculatie
    schema:about <http://id.loc.gov/authorities/subjects/sh85126431> ; # Speculation
    schema:about <http://id.worldcat.org/fast/1129139> ; # Speculation
    schema:about <http://dewey.info/class/332.645/e20/> ;
    schema:bookEdition "[New ed.]." ;
    schema:bookFormat bgn:PrintBook ;
    schema:creator <http://viaf.org/viaf/108307703> ; # John Kenneth Galbraith
    schema:datePublished "1993" ;
    schema:description "1. The Speculative Episode -- 2. The Common Denominators -- 3. The Classic Cases, I: The Tulipomania; John Law and the Banque Royale -- 4. The Classic Cases, II: The Bubble -- 5. The American Tradition -- 6. 1929 -- 7. October Redux -- 8. Reprise."@en ;
    schema:description "Galbraith calls this book "a hymn of caution" for good reason. He warns that the time will come when the public hails yet another financial wizard. In that case, the reader will do well to remember the Galbraithian adage: "Financial genius is before the fall." The appearance of the next John Law, Robert Campeau, or Michael Milken may well be, after all, a harbinger of disaster."@en ;
    schema:description "How is it that, with all the financial know-how and experience of the wizards on Wall Street and elsewhere, the market still goes boom and bust? How come people are so willing to get caught up in the mania of speculation when history tells us that a collapse is almost sure to follow?"@en ;
    schema:description "In A Short History of Financial Euphoria, renowned economist John Kenneth Galbraith reviews, with insight and wit, the common features of the great speculative episodes of the last three centuries - the seventeenth-century craze in Western Europe for investing in an unusual commodity: the tulip; Britain's South Sea Bubble and the eighteenth century's fascination with the joint-stock company, now called the corporation; and, more recently, the discovery of leverage in the form of junk bonds. Along the way, Galbraith explains the newfangled types of debt that different generations have dreamt up, and he entertains with anecdotes about the ingenuity with which some of the more notorious charlatans have convinced people to invest in financial ciphers."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/51509539> ;
    schema:genre "Case studies"@en ;
    schema:inLanguage "en" ;
    schema:isSimilarTo <http://www.worldcat.org/oclc/646851919> ;
    schema:name "A short history of financial euphoria"@en ;
    schema:productID "27012905" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/27012905#PublicationEvent/new_york_n_y_whittle_books_in_association_with_viking_1993> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/51509539#Agent/whittle_books_in_association_with_viking> ; # Whittle Books in association with Viking
    schema:url <http://www.gbv.de/dms/bowker/toc/9780670850280.pdf> ;
    schema:workExample <http://worldcat.org/isbn/9780670850280> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/27012905> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/51509539#Agent/whittle_books_in_association_with_viking> # Whittle Books in association with Viking
    a bgn:Agent ;
    schema:name "Whittle Books in association with Viking" ;
    .

<http://experiment.worldcat.org/entity/work/data/51509539#Place/new_york_n_y> # New York, N.Y.
    a schema:Place ;
    schema:name "New York, N.Y." ;
    .

<http://experiment.worldcat.org/entity/work/data/51509539#Topic/speculation_cas_etudes_de> # Spéculation--Cas, Études de
    a schema:Intangible ;
    schema:name "Spéculation--Cas, Études de"@fr ;
    .

<http://experiment.worldcat.org/entity/work/data/51509539#Topic/speculation_case_studies> # Speculation--Case studies
    a schema:Intangible ;
    schema:name "Speculation--Case studies"@en ;
    .

<http://id.loc.gov/authorities/subjects/sh85126431> # Speculation
    a schema:Intangible ;
    schema:name "Speculation"@en ;
    .

<http://id.worldcat.org/fast/1129139> # Speculation
    a schema:Intangible ;
    schema:name "Speculation"@en ;
    .

<http://viaf.org/viaf/108307703> # John Kenneth Galbraith
    a schema:Person ;
    schema:birthDate "1908" ;
    schema:deathDate "2006" ;
    schema:familyName "Galbraith" ;
    schema:givenName "John Kenneth" ;
    schema:name "John Kenneth Galbraith" ;
    .

<http://worldcat.org/isbn/9780670850280>
    a schema:ProductModel ;
    schema:isbn "0670850284" ;
    schema:isbn "9780670850280" ;
    .

<http://www.worldcat.org/oclc/646851919>
    a schema:CreativeWork ;
    rdfs:label "Short history of financial euphoria." ;
    schema:description "Online version:" ;
    schema:isSimilarTo <http://www.worldcat.org/oclc/27012905> ; # A short history of financial euphoria
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.