Famous First Bubbles: The Fundamentals of Early Manias
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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
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