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What is Extraordinary Delusions and Crowds about?

This document summarizes the book "Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay. The book exposes illusions about alchemy, fortune telling, haunted houses, and other similar topics. It also realistically describes the South Sea Company bubble and the tulip mania of the early 17th century. To this day, the book still influences modern economists and serves as a warning against following crowd effects.

Author

Tiep

Language

EN