EAN: 9780140238563

A SHORT HISTORY OF FINANCIAL EUPHORIA - JOHN KE...

The world-renowned economist offers dourly irreverent analyses of financial debacle from the
tulip craze of the seventeenth century to the recent plague of junk bonds. The Atlantic.With
incomparable wisdom  skill  and wit  world-renowned economist John Kenneth Galbraith traces the
history of the major speculative episodes in our economy over the last three centuries.
Exposing the ways in which normally sane people display reckless behavior in pursuit of profit
Galbraith asserts that our notoriously short financial memory is what creates the conditions
for market collapse. By recognizing these signs and understanding what causes them we can guard
against future recessions and have a better hold on our country's (and our own) financial
destiny.

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