Famous First Bubbles: The Fundamentals of Early Manias

By Peter Garber

Book Overview

The jargon of economics and finance contains numerous colourful 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 expend the effort to understand the event.

• Format: Hardcover
• Language: English
• ISBN: 0262072041
• ISBN13: 9780262072045
• Release Date: January 2000
• Publisher: Mit Pr
• Length: 175 Pages
• Weight: 0.76 lbs.
• Dimensions: 8.3" x 0.8" x 5.8"