The world-renowned economist offers “dourly irreverent analyses of financial debacle from the tulip craze of the seventeenth century to the recent plague. This review of John Kenneth Galbraith’s book “A Short History of Financial Euphoria” documents history’s lessons for financial decision makers. A Short History of Financial Euphoria. John Kenneth Galbraith, Author Viking Books $16 (p) ISBN

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Published July 1st by Penguin Books first published January 1st Most recently updated Wonder what this book would have said about the IT bubble And about the Great Recession This is a book to go to everytime prices or emotions become a little heady. They take shape in largely the same ways: Books by John Kenneth Galbraith. The book euphoris as with most of his stuff, just too darn short, and its strange to say that as this is not a criticism often aimed at economics writers.

To Sell Is Human. Whereas you know the financiaal he draws are the correct ones, at the same time its not quite enough to believe him.

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His The Great Crash of is an excellent bit of descriptive writing and this short book is another riff on its themes. We’re featuring millions of their reader ratings on our book pages to help you find your new favourite book. But Galbraith makes some good points. The world-renowned economist offers “dourly irreverent analyses of financial debacle from the tulip craze of the seventeenth century to the recent plague galbraaith junk bonds.


A Short History of Financial Euphoria by John Kenneth Galbraith

Astrophysics for People in a Hurry. He earned a PhD at the University of California in and later took a fellowship at Cambridge, where he first encountered Keynesian economics.

The only thing that helps is the understanding of the mass hysteria that creates them. Very few, however, true innovations ever occur, and most of these apparent innovations involve the creation of debt. Are the causes of economic events such as assets bubbles and busts endogenous – originating within the economic system, such as central bank action or new innovations – or exogenous – originating outside it, such as natural disasters?

As ever, Galbraith is clear, concise and persuasive: Worth rereading periodically to remind oneself. Aug 09, Robert Rigoni added it.

Could have been written in July The analysis of the crash seldom places any blame on the stupidity and greed and gullibility of the people who drove the bubble, for two reasons. In the most recent boom and bust, that of sub prime mortgages and their derivatives, there were plenty of endogenous factors which cannot be ignored.


Dec 09, Zhou Fang rated it it euhporia amazing. You can remove the unavailable item s now or we’ll hisrory remove it at Checkout. When the average person becomes richer during an euphoria, he also tends to believe that the new riches are the product of his superior insight or intuition.

A short history of financial euphoria can be read in two hours, it offers amusement as well as utility. He was a Keynesian and an institutionalist, a leading proponent of 20th-century American liberalism and democratic socialism.

My accountant husband urged me to read it after I failed to read another book of Galbraith’s–The Great Crash, I believe it was.

A Short History of Financial Euphoria

About John Kenneth Galbraith. The Art of War. Written in and updated in providing a good view of the repetitive nature of bubbles.

Chi ama i libri sceglie Kobo e inMondadori. The bubble pops once values dip and people are unable to sell their assets.

They joined in sponsoring a ‘New York Times’ advertisement attributing the crash to the deficit in the budget of the federal government.