Great Financial Disasters of Our Time: 3rd revised edition (Neue Betriebswirtschaftliche Studienbucher)

Peachey, Alan N. Alan N. Peachey,

ISBN 10: 9400002203 / ISBN 13: 9789400002203

Published by Intersentia Publishers, 2011

About this Item

Great Financial Disasters of Our Time: 3rd revised edition (Neue Betriebswirtschaftliche Studienbucher) This book is in very good condition and will be shipped within 24 hours of ordering. The cover may have some limited signs of wear but the pages are clean, intact and the spine remains undamaged. This book has clearly been well maintained and looked after thus far. Money back guarantee if you are not satisfied. See all our books here, order more than 1 book and get discounted shipping. .

Seller Inventory # 7719-9789400002203

Bibliographic Details

• Title: Great Financial Disasters of Our Time: 3rd revised edition (Neue Betriebswirtschaftliche Studienbucher)
• Publisher: Intersentia Publishers
• Publication Date: 2011
• Language: English
• ISBN 10: 9400002203
• ISBN 13: 9789400002203
• Binding: paperback
• Condition: Very Good

About this title

Synopsis

Great financial disasters are not a new phenomenon. Probably the first well documented financial disaster was the so-called Tulipmania in the Netherlands in the 1630s, some 300 years before the Wall Street crash. At the end of the 20th century, a similar phenomenon occurred. This time, it has taken the form of shares in companies trading on the Internet (i.e. new technology): the so-called dotcom companies. These events had one thing in common: they were spawned by the new technology of the time and were fed by that one great human failing - the triumph of hope over reality, which some people would call simple greed. They also illustrate two other great human failings - the inability to learn from history and forgetting/ignoring things one already knows. For students of banking and finance, this book will illustrate how events can conspire to render theory as quite worthless. When panics occur in the world financial markets, banks and similar institutions can sometimes be caught unaware and find themselves victims of events that are beyond their control. However, in almost all the circumstances described in this book, the signs of impending doom have usually been apparent for some time, for anybody who wished to see them. The saying "there are none so blind as those who do not wish to see" cannot be truer than under these circumstances.