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Extraordinary Popular Delusions and the Madness of Crowds: Financial edition (Harriman House Classics) by Charles Mackay is a nonfiction available to read on EtoBox.

What is Extraordinary Popular Delusions and the Madness of Crowds: Financial edition (Harriman House Classics) about?

First published in 1841, Extraordinary Popular Delusions and the Madness of Crowds is often cited as the best book ever written about market psychology. This Harriman House edition includes Charles Mackay's account of the three infamous financial manias - John Law's Mississipi Scheme, the South Sea Bubble, and Tulipomania. Between the three of them, these historic episodes confirm that greed and fear have always been the driving forces of financial markets, and, furthermore, that being sensible and clever is no defence against the mesmeric allure of a popular craze with the wind behind it. In writing the history of the great financial manias, Charles Mackay proved himself a master chronicler of social as well as financial history. Blessed with a cast of characters that covered all the vices, gifted a passage of events which was inevitably heading for disaster, and with the benefit of hindsight, he produced a record that is at once a riveting thriller and absorbing historical document. A century and a half later, it is as vibrant and lurid as the day it was written. For modern-day investors, still reeling from the dotcom crash, the moral of the popular manias scarcely needs spelling

Who reads Extraordinary Popular Delusions and the Madness of Crowds: Financial edition (Harriman House Classics)?

Author

Charles Mackay

Publisher

Harriman House Ltd

Published

2006

Language

EN

ISBN

9781441600363

Category

nonfiction

Subjects

Sociology, Social_sciences