Extraordinary Popular Delusions

3.9 avg rating
( 2,936 ratings by Goodreads )
 
9780486432236: Extraordinary Popular Delusions
View all copies of this ISBN edition:
 
 

This classic survey of crowd psychology offers an illuminating and entertaining look at three grand-scale swindles. Originally published in England in 1841, its remarkable tales of human folly reveal that the hysteria of the Wall Street Crash of 1929 and the junk-bonds frenzy of the 1980s were far from uniquely twentieth-century phenomena.
The first of the financial scandals discussed, "The Mississippi Scheme," concerns a disastrous eighteenth-century plan for the commercial exploitation of the Mississippi valley, where investors were lured by Louisiana's repute as a region of gold and silver mountains. During the same era, thousands of English investors were ruined by "The South-Sea Bubble," a stock exchange based on British trade with the islands of the South Seas and South America. The third episode involves Holland's seventeenth-century "Tulipomania," when people went into debt collecting tulip bulbs — until a sudden depreciation in the bulbs' value rendered them worthless (except as flowers).
Fired by greed and fed by naiveté,  these historic investment strategies gone awry retain an irrefutable relevance for modern times. Extraordinary Popular Delusions is essential and enthralling reading for investors as well as students of history, psychology, and human nature.

"synopsis" may belong to another edition of this title.

Review:

Why do otherwise intelligent individuals form seething masses of idiocy when they engage in collective action? Why do financially sensible people jump lemming-like into hare-brained speculative frenzies--only to jump broker-like out of windows when their fantasies dissolve? We may think that the Great Crash of 1929, junk bonds of the '80s, and over-valued high-tech stocks of the '90s are peculiarly 20th century aberrations, but Mackay's classic--first published in 1841--shows that the madness and confusion of crowds knows no limits, and has no temporal bounds. These are extraordinarily illuminating,and, unfortunately, entertaining tales of chicanery, greed and naivete. Essential reading for any student of human nature or the transmission of ideas.

In fact, cases such as Tulipomania in 1624--when Tulip bulbs traded at a higher price than gold--suggest the existence of what I would dub "Mackay's Law of Mass Action:" when it comes to the effect of social behavior on the intelligence of individuals, 1+1 is often less than 2, and sometimes considerably less than 0.

From the Publisher:

10 1.5-hour cassettes

"About this title" may belong to another edition of this title.

Other Popular Editions of the Same Title

9781684220748: Extraordinary Popular Delusions : Selections from Memoirs of Extraordinary Popular Delusions and the Madness of Crowds

Featured Edition

ISBN 10:  1684220742 ISBN 13:  9781684220748
Publisher: Martino Fne Books, 2017
Softcover

9781853263491: Extraordinary Popular Delusions & the Madness of Crowds (Wordsworth Reference)

Wordsw..., 1999
Softcover

9780517884331: Extraordinary Popular Delusions & the Madness of Crowds

Broadw..., 1995
Softcover

9781897597323: Extraordinary Popular Delusions and the Madness of Crowds (Harriman House Classics)

Harrim..., 2003
Hardcover

9781607960751: Extraordinary Popular Delusions and the Madness of Crowds

BN Pub..., 2009
Hardcover

Top Search Results from the AbeBooks Marketplace

1.

Mackay, Charles
Published by Dover Publications (2003)
ISBN 10: 0486432238 ISBN 13: 9780486432236
New Paperback Quantity Available: 1
Seller:
Save With Sam
(North Miami, FL, U.S.A.)
Rating
[?]

Book Description Dover Publications, 2003. Paperback. Condition: New. Brand New!. Seller Inventory # 0486432238

More information about this seller | Contact this seller

Buy New
US$ 4.56
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

2.

Charles Mackay
Published by Dover Publications Inc., United States (2003)
ISBN 10: 0486432238 ISBN 13: 9780486432236
New Paperback Quantity Available: 10
Seller:
Book Depository hard to find
(London, United Kingdom)
Rating
[?]

Book Description Dover Publications Inc., United States, 2003. Paperback. Condition: New. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. This classic survey of crowd psychology offers an illuminating and entertaining look at three grand-scale swindles. Originally published in England in 1841, its remarkable tales of human folly reveal that the hysteria of the Wall Street Crash of 1929 and the junk-bonds frenzy of the 1980s were far from uniquely twentieth-century phenomena. The first of the financial scandals discussed, The Mississippi Scheme, concerns a disastrous eighteenth-century plan for the commercial exploitation of the Mississippi valley, where investors were lured by Louisiana s repute as a region of gold and silver mountains. During the same era, thousands of English investors were ruined by The South-Sea Bubble, a stock exchange based on British trade with the islands of the South Seas and South America. The third episode involves Holland s seventeenth-century Tulipomania, when people went into debt collecting tulip bulbs -- until a sudden depreciation in the bulbs value rendered them worthless (except as flowers). Fired by greed and fed by naivete, these historic investment strategies gone awry retain an irrefutable relevance for modern times. Extraordinary Popular Delusions is essential and enthralling reading for investors as well as students of history, psychology, and human nature. Seller Inventory # BTE9780486432236

More information about this seller | Contact this seller

Buy New
US$ 7.23
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

3.

Mackay, Charles
Published by Dover Publishers
ISBN 10: 0486432238 ISBN 13: 9780486432236
New Quantity Available: > 20
Seller:
INDOO
(Avenel, NJ, U.S.A.)
Rating
[?]

Book Description Dover Publishers. Condition: New. Brand New. Seller Inventory # 0486432238

More information about this seller | Contact this seller

Buy New
US$ 3.87
Convert currency

Add to Basket

Shipping: US$ 3.60
Within U.S.A.
Destination, rates & speeds

4.

MacKay, Charles
ISBN 10: 0486432238 ISBN 13: 9780486432236
New Quantity Available: 15
Seller:
Pbshop
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description 2003. PAP. Condition: New. New Book.Shipped from US within 10 to 14 business days. Established seller since 2000. Seller Inventory # IB-9780486432236

More information about this seller | Contact this seller

Buy New
US$ 3.64
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds

5.

Charles Mackay
Published by Dover Publications Inc., United States (2003)
ISBN 10: 0486432238 ISBN 13: 9780486432236
New Paperback Quantity Available: 10
Seller:
Book Depository International
(London, United Kingdom)
Rating
[?]

Book Description Dover Publications Inc., United States, 2003. Paperback. Condition: New. Language: English . Brand New Book. This classic survey of crowd psychology offers an illuminating and entertaining look at three grand-scale swindles. Originally published in England in 1841, its remarkable tales of human folly reveal that the hysteria of the Wall Street Crash of 1929 and the junk-bonds frenzy of the 1980s were far from uniquely twentieth-century phenomena. The first of the financial scandals discussed, The Mississippi Scheme, concerns a disastrous eighteenth-century plan for the commercial exploitation of the Mississippi valley, where investors were lured by Louisiana s repute as a region of gold and silver mountains. During the same era, thousands of English investors were ruined by The South-Sea Bubble, a stock exchange based on British trade with the islands of the South Seas and South America. The third episode involves Holland s seventeenth-century Tulipomania, when people went into debt collecting tulip bulbs -- until a sudden depreciation in the bulbs value rendered them worthless (except as flowers). Fired by greed and fed by naivete, these historic investment strategies gone awry retain an irrefutable relevance for modern times. Extraordinary Popular Delusions is essential and enthralling reading for investors as well as students of history, psychology, and human nature. Seller Inventory # AAC9780486432236

More information about this seller | Contact this seller

Buy New
US$ 7.65
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

6.

Charles Mackay
Published by Dover Publications Inc., United States (2003)
ISBN 10: 0486432238 ISBN 13: 9780486432236
New Paperback Quantity Available: 10
Seller:
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description Dover Publications Inc., United States, 2003. Paperback. Condition: New. Language: English . Brand New Book. This classic survey of crowd psychology offers an illuminating and entertaining look at three grand-scale swindles. Originally published in England in 1841, its remarkable tales of human folly reveal that the hysteria of the Wall Street Crash of 1929 and the junk-bonds frenzy of the 1980s were far from uniquely twentieth-century phenomena. The first of the financial scandals discussed, The Mississippi Scheme, concerns a disastrous eighteenth-century plan for the commercial exploitation of the Mississippi valley, where investors were lured by Louisiana s repute as a region of gold and silver mountains. During the same era, thousands of English investors were ruined by The South-Sea Bubble, a stock exchange based on British trade with the islands of the South Seas and South America. The third episode involves Holland s seventeenth-century Tulipomania, when people went into debt collecting tulip bulbs -- until a sudden depreciation in the bulbs value rendered them worthless (except as flowers). Fired by greed and fed by naivete, these historic investment strategies gone awry retain an irrefutable relevance for modern times. Extraordinary Popular Delusions is essential and enthralling reading for investors as well as students of history, psychology, and human nature. Seller Inventory # AAC9780486432236

More information about this seller | Contact this seller

Buy New
US$ 7.92
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

7.

Mackay, Charles
Published by Dover Publications
ISBN 10: 0486432238 ISBN 13: 9780486432236
New PAPERBACK Quantity Available: 1
Seller:
BookShop4U
(PHILADELPHIA, PA, U.S.A.)
Rating
[?]

Book Description Dover Publications. PAPERBACK. Condition: New. 0486432238. Seller Inventory # Z0486432238ZN

More information about this seller | Contact this seller

Buy New
US$ 8.36
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

8.

Mackay, Charles
Published by Dover Publications
ISBN 10: 0486432238 ISBN 13: 9780486432236
New PAPERBACK Quantity Available: 1
Seller:
Bookhouse COM LLC
(Philadelphia, PA, U.S.A.)
Rating
[?]

Book Description Dover Publications. PAPERBACK. Condition: New. 0486432238. Seller Inventory # Z0486432238ZN

More information about this seller | Contact this seller

Buy New
US$ 8.36
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

9.

Mackay, Charles
Published by Dover Publications
ISBN 10: 0486432238 ISBN 13: 9780486432236
New PAPERBACK Quantity Available: 1
Seller:
Vital Products COM LLC
(Southampton, PA, U.S.A.)
Rating
[?]

Book Description Dover Publications. PAPERBACK. Condition: New. 0486432238. Seller Inventory # Z0486432238ZN

More information about this seller | Contact this seller

Buy New
US$ 8.36
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

10.

Mackay, Charles
Published by Dover Publications
ISBN 10: 0486432238 ISBN 13: 9780486432236
New PAPERBACK Quantity Available: 1
Seller:
Best Bates
(Bensalem, PA, U.S.A.)
Rating
[?]

Book Description Dover Publications. PAPERBACK. Condition: New. 0486432238. Seller Inventory # Z0486432238ZN

More information about this seller | Contact this seller

Buy New
US$ 8.36
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

There are more copies of this book

View all search results for this book