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 by John Kenneth Galbraith, , available at Book Depository with free delivery worldwide. A Short History of Financial Euphoria. John Kenneth Galbraith, Author Viking Books $16 (p) ISBN
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Think Like a Freak. He starts around the time of “Tulipomania” in the s 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. Brilliantly executed descriptions of euphorias ae?
A Short History of Financial Euphoria
At different points in his life he taught at both Harvard and Princeton, and wrote more than forty books on an array of economic topics. Anything that goes up must come down – and this has been repeating over again in history.
How to write a great review. Fourth, when a crash comes, the explanation euphorai to be located in handy scapegoats e. For the same reasons I didn’t much like Animal SpiritsI find the total reliance on group psychology unsatisfactory.
More regulation is not necessarily the solution.
Finnancial, where is your simple, coherent wisdom when we need it most? The assets continue ap A wonderful quick read that can be finished in one sitting.
A Short History of Financial Euphoria : John Kenneth Galbraith :
Apr 22, Laura Kyahgirl rated it really liked it Shelves: This deficit had already persisted in what was considered by fiscal conservatives an alarming magnitude for the preceding six years of the Reagan administration. You’ve successfully reported this review.
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No, cancel Yes, report it Thanks! Anyone taking part in financial markets should read this once a year.
His The Great Crash of is an excellent bit of euphroia writing and this short book is another riff on its themes. Looking for beautiful books? From Tulipomania to the crash Galbraith shares the common themes of the various financial boom and bust cycles. When Breath Becomes Air. Dec 02, Robert Karl rated it it was amazing.
A Short History of Financial Euphoria by John Kenneth Galbraith | : Books
Table of contents The speculative episode; the common denominators; the classic cases I – the tulipomania, John Law and the Banque Royale; The classic cases II – the bubble; the American tradition; ; October redux; reprise. Galbraith reviews the aspects of human nature and the economy that allow us to constantly go into boom and bust cycles.
At first there is some profitable opportunity that balbraith the mind of a group.
In this slender volume, John Kenneth Galbraith eupyoria traces episodes of speculative excess from the Tulipomania of the midth kennet through the Crash of ‘ Also, Galbraith is entirely right to castigate the quest for ‘the’ person to blame after the bust. Continue shopping Checkout Continue shopping. First, it runs counter to the presumption that wealth is associated with intelligence. When the average person becomes richer during an euphoria, he also tends to believe that the new riches are the product of his superior insight or intuition.