Extraordinary Popular Delusions and the Madness of Crowds

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9781607960751: Extraordinary Popular Delusions and the Madness of Crowds
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A complete repackaging of the classic work about grand-scale madness, major schemes, and bamboozlement--and the universal human susceptibility to all three. This informative, funny collection encompasses a broad range of manias and deceptions, from witch burnings to the Great Crusades to the prophecies of Nostradamus.

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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.

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Other Popular Editions of the Same Title

9780486432236: Extraordinary Popular Delusions

Featured Edition

ISBN 10:  0486432238 ISBN 13:  9780486432236
Publisher: Dover Publications, 2003
Softcover

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

Martin..., 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

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