Famous First Bubbles: The Fundamentals of Early Manias

by Peter Garber

Book Overview

The jargon of economics and finance contains numerous colorful terms for market-asset prices at odds with any reasonable economic explanation. Examples include "bubble," "tulipmania," "chain letter," "Ponzi scheme," "panic," "crash," "herding," and "irrational exuberance." Although such a term suggests that an event is inexplicably crowd-driven, what it really means, claims Peter Garber, is that we have grasped a near-empty explanation rather than...

• Format: Paperback
• Language: English
• ISBN: 0262571536
• ISBN13: 9780262571531
• Release Date: October 2001
• Publisher: MIT Press
• Length: 175 Pages
• Weight: 0.40 lbs.
• Dimensions: 0.4" x 5.4" x 8.0"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher