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Synopsis: Manias, Panics, and Crashes
The best known and most highly regarded book on market crisis, Manias, Panics, and Crashes is entertaining, exhaustive, and thoroughly engaging. Since its introduction in 1978, it has charted a new landscape in the volatile world of financial markets. Charles Kindleberger's brilliant, panoramic history revealed how financial crises follow a nature-like rhythm: they peak and purge, swell and storm. Now in a newly revised and expanded third edition, Manias, Panics, and Crashes probes the most recent "natural disasters" of the markets-from Black Monday to the Japanese boom and bust, from the Sterling crisis and Peso devaluation to the potential "bubble" of today's technology stocks.
Kindleberger's writing is both captivating and colorful, leading the reader through a myriad of financial free falls. From the currency devaluation in the Holy Roman Empire in 1618, through the California gold rush of the 1840s and '50s, all the way up to the crash of 1987 and last year's Peso devaluation, his sharply drawn history confronts a host of key questions: In the ups and downs of market behavior, where is the line between rational and irrational? Are the markets a fool's paradise in an explosive world? When the storm expands to dangerous proportions, who will calm the panic amid the thundering squall? Should a "lender of last resort" intervene to repair the wreckage and bury the carnage?
Along with scores of casualties and criminals, a revealing common thread emerges from this rich history of manias, panics, and crashes: market crises are associated with greed and avarice. Just as money evolved from coins to include bank notes, bills of exchange, bank deposits, and checks, greed likewise took on many different forms. Lightning will strike an economic environment in strife, and Kindleberger explores what happens to the markets when conflicting interests arise.
Manias, Panics, and Crashes can be regarded as a warning or a proposition, reminding readers, in many ways, that what goes around comes around. Like all true classics, Kindleberger's book remains timely-for better or for worse.
"One never picks up a work by Charles Kindleberger without anticipating a feast of entertainment. But underneath the hilarious anecdotes, the elegant epigrams, and the graceful turns of phrase, Kindleberger is deadly serious." -from the Foreword by Peter L. Bernstein, author of Capital Ideas: The Improbable Origins of Modern Wall Street
Originally written in 1978, Manias, Panics, and Crashes is still the best known and most highly regarded book on financial crises. From the currency devaluation in the Holy Roman Empire in 1618, through the California gold rush of the 1840s and '50s, all the way up to the crash of 1987 and last year's Peso devaluation, Manias, Panics, and Crashes reminds us that with regard to excess, greed, crisis, and money-what goes around still comes around.
Acclaim for Manias, Panics, and Crashes
"[Manias, Panics, and Crashes] is a scholarly account of the way that mismanagement of money and credit has led to financial explosions over the centuries." -Richard Lambert, Financial Times
"Manias, Panics, and Crashes is a durable guide to meditation: wise, witty, and practical. It is a template against which to measure the latest financial crisis-whatever and whenever that happens to be." -David Warsh, The Boston Globe
"Manias, Panics, and Crashes glistens among the classic books on economics and finance." -S. Jay Levy, Chairman,
The Jerome Levy Economics Institute of Bard College
"This book sparkles with the best of Kindleberger's wit, insight, and passion for financial history. A real delight." -Robert Z. Aliber, Professor of International Economics and Finance, University of Chicago, Graduate School of Business
About the Author: Charles P. Kindleberger was the Ford Professor of Economics at MIT for 33 years. He is a financial historian and prolific writer who has published over 24 books. Manias, Panics, and Crashes is his most popular book.
Title: Manias, Panics and Crashes: A History of ...
Book Condition: VeryGood
Book Description Wiley & Sons, Incorporated, John. Hardcover. Book Condition: Very Good. Ex-Library Book - will contain Library Markings. Book has appearance of only minimal use. All pages are undamaged with no significant creases or tears. Bookseller Inventory # G0471161926I4N10
Book Description Wiley & Sons, Incorporated, John. Hardcover. Book Condition: Good. Ex-Library Book - will contain Library Markings. Dust Cover Missing. This book has a light amount of wear to the pages, cover and binding. Bookseller Inventory # G0471161926I3N11
Book Description Wiley & Sons, Incorporated, John. Hardcover. Book Condition: Very Good. Very good condition book with only light signs of previous use. Bookseller Inventory # G0471161926I4N00
Book Description Wiley & Sons, Incorporated, John. Hardcover. Book Condition: Very Good. Appearance of only slight previous use. Cover and binding show a little wear. All pages are undamaged with potentially only a few, small markings. Bookseller Inventory # G0471161926I4N00
Book Description Wiley, 1996. Book Condition: Very Good. 3rd Edition. Former Library book. Great condition for a used book! Minimal wear. Bookseller Inventory # GRP71251994
Book Description Wiley. Hardcover. Book Condition: Good. 0471161926 Item in good condition. Textbooks may not include supplemental items i.e. CDs, access codes etc. Bookseller Inventory # Z0471161926Z3
Book Description Wiley, 1996. Book Condition: Good. A+ Customer service! Satisfaction Guaranteed! Book is in Used-Good condition. Pages and cover are clean and intact. Used items may not include supplementary materials such as CDs or access codes. May show signs of minor shelf wear and contain limited notes and highlighting. Bookseller Inventory # 0471161926-2-4
Book Description Wiley, 1996. Hardcover. Book Condition: Used: Good. Bookseller Inventory # SONG0471161926
Book Description Wiley 1996-12-02, 1996. Hardcover. Book Condition: good. 3. 0471161926. Bookseller Inventory # 623893
Book Description Wiley. Hardcover. Book Condition: Very Good. 0471161926 Excellent with no marks or DJ splits. Sharp corners. Minimal use. Bookseller Inventory # SKU1006960