Manias, Panics, and Crashes

A History of Financial Crises

Ranked #17 in Economic History, Ranked #27 in Macroeconomicssee more rankings.

The best known and most highly regarded book on financial crises

Financial crises and speculative excess can be traced back to the very beginning of trade and commerce. Since its introduction in 1978, this book has charted and followed this volatile world of financial markets. Charles Kindleberger's brilliant, panoramic history revealed how financial crises follow a nature-like rhythm: they peak and purge, swell and storm. Now this newly revised and expanded Fourth Edition probes the most recent "natural disasters" of the markets--from the difficulties in East Asia and the...
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Reviews and Recommendations

We've comprehensively compiled reviews of Manias, Panics, and Crashes from the world's leading experts.

Larry Summers Kindleberger’s message is that complacency can be a self-denying prophecy. (Source)

Marc Faber He describes very well how these manias occur and what the symptoms are of manias in terms of excessive speculation, overleverage, borrowing, fraud, embezzlement, high trading volumes, and so forth. (Source)

Charles Morris Kindleberger’s great virtue is that he was both a respected economist and a student of human nature, and he knew that human nature could never be bottled up in an economic model. His book is a terrific narrative of a series of bubbles, going back to pre-industrial days – the Dutch tulip craze, the South Sea bubble, and so forth.. (Source)


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