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 by John Kenneth Galbraith, , available at Book Depository with free delivery worldwide. A Short History of Financial Euphoria. John Kenneth Galbraith, Author Viking Books $16 (p) ISBN

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You’ve successfully reported this review. So based on style and reputation he wins the day, but from a content view you need to couple this with some additional reading Perhaps in this day and age, it is wise to ask ourselves how many of the described commonalities of all big financial euphorias apply to the present situation on the stock market and in the cryptocurrencies. The references to Mr. No trivia or quizzes yet. He passed away in 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.

The Making of Behavioral Economics. I do love JK Galbraiths melodious writing style, his eloquence and timbre make you not want to stop reading.

I would also add an kenneth of the idea of safety nets, both the political left version that includes government support for the vulnerable and the political right version that involves a deep caring for the people in our community.

First, it runs counter to the presumption that wealth is associated with intelligence. Must read for anybody who invests, gambles or cares about history.

A Short History of Financial Euphoria : John Kenneth Galbraith :

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. The joh framework in itself is penned down in two initial chapters and in the concluding ending chapter, in total 30 pages.


Exceptional The author provides an easy to understand explanation of some of history’s most memorable bubble bursts.

Definitely worth picking up. Goodreads is the world’s largest site for readers with over 50 million reviews.

The meaning of leverage can finahcial truly understood on reading this book. Anything that goes up must come down – and this has been repeating over again in history. Apr 22, Laura Kyahgirl rated it really liked it Shelves: Definitely worth reading if you’re educating yourself in the ways of finance. In this primer, the renowned economist John Kenneth Galbraith reviews the major speculative episodes of the last three centuries – from the 17th century tulip craze to the calamitous junk-bond follies of the s.

Galbraith shares his characterization of episodes of speculation, then hisfory the account of a dozen such episodes, from Holland’s tulip mania to the crash of October You can remove the unavailable item s now or we’ll automatically remove it at Checkout.

But then, on that terrible October morning, realization was thought to have dawned. The bubble pops once values dip and people are unable to sell their assets.

A Short History of Financial Euphoria by John Kenneth Galbraith

Continue shopping Checkout Continue shopping. Dec 09, Zhou Fang rated it it was amazing. The writing is clear, concise and often caustic. Only short-coming is that it’s very short on the prescriptive. Truth is stranger than any fiction.

A Short History of Financial Euphoria

You submitted the following rating and review. And the crowd catches the fever. The Book of Dust: The assets continue appreciating, as does the debt financing those assets, creating a virtuous cycle 5. Sep 09, Ravi Abhyankar rated it really liked it. Second, the market is supposed sgort be always right.

Table of contents The speculative episode; the common denominators; the classic cases I – falbraith tulipomania, John Law and the Banque Royale; The classic cases II – the bubble; the American tradition; ; October redux; reprise.


That seems to be the pattern of financial boom sjort bust. The Great Crash Aug 21, InvestingByTheBooks. Description With all the financial know-how and experience of the wizards on Wall Street and elsewhere, how is it that the market still goes boom and bust?

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His focus on the repeated presence of leverage in these events is interesting and it is a shame that space does not allow for a more systematic analysis. Visit our Beautiful Books page and find lovely books for kids, photography lovers and more.

The speculative period is prolonged by the fact that those participating psychologically must justify what has made them rich and has given them a feeling of being successful and intelligent persons. When the average person becomes richer during an euphoria, he also tends to believe that the new riches are the product of h Short and sweet, witty, humorous, and yet informative.

Something that must always be on the mind of the enterprising investor if he wishes to succeed. Goodreads helps you keep track of books you want to read. The book was written in the early 90s at a time when the junk bond bubble had collapsed. A wonderful quick read that can be finished in one sitting. Are the causes of economic events such Galbraith ‘s reputation as an economist isn’t what it once was.