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Bubbles and Crashes : The Boom and Bust of Technological Innovation by Brent Goldfarb; David A. Kirsch is a business book available to read on EtoBox.

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“An interesting take on some factors that facilitate the development and bursting of bubbles in technology industries. . . . Highly recommended.” — Choice Financial market bubbles are recurring, often painful, reminders of the costs and benefits of capitalism. While many books have studied financial manias and crises, most fail to compare times of turmoil with times of stability. In  Bubbles and Crashes , Brent Goldfarb and David A. Kirsch give us new insights into the causes of speculative booms and busts. They identify a class of assets—major technological innovations—that can, but does not necessarily, produce bubbles. This methodological twist is essential: Only by comparing similar events that sometimes lead to booms and busts can we ascertain the root causes of bubbles. Using a sample of eighty-eight technologies spanning 150 years, Goldfarb and Kirsch find that four factors play a key role in these episodes: the degree of uncertainty surrounding a particular innovation; the attentive presence of novice investors; the opportunity to directly invest in companies that specialize in the technology; and whether or not a technology is a good protagonist in a narrative. Goldfarb an

Who reads Bubbles and Crashes : The Boom and Bust of Technological Innovation?

Author

Brent Goldfarb; David A. Kirsch

Publisher

Stanford University Press

Published

2019

Language

EN

ISBN

9780804793834

Category

business

Subjects

Economics, Finance, Business

Rating

4.4 / 5 (11 ratings)

Updated

2026-03-14