A Short History of Financial Euphoria

Author: John Kenneth Galbraith
Publisher: Penguin
ISBN: 110165080X
Category : Business & Economics
Languages : en
Pages : 130

Book Description
The world-renowned economist offers "dourly irreverent analyses of financial debacle from the tulip craze of the seventeenth century to the recent plague of junk bonds." —The Atlantic. With incomparable wisdom, skill, and wit, world-renowned economist John Kenneth Galbraith traces the history of the major speculative episodes in our economy over the last three centuries. Exposing the ways in which normally sane people display reckless behavior in pursuit of profit, Galbraith asserts that our "notoriously short" financial memory is what creates the conditions for market collapse. By recognizing these signs and understanding what causes them we can guard against future recessions and have a better hold on our country's (and our own) financial destiny.

A Short History of Financial Euphoria

Author: John Kenneth Galbraith
Publisher:
ISBN:
Category : Speculation
Languages : en
Pages : 113

Book Description

Summary of John Kenneth Galbraith's A Short History of Financial Euphoria

Author: Everest Media,
Publisher: Everest Media LLC
ISBN:
Category : Business & Economics
Languages : en
Pages : 18

Book Description
Please note: This is a companion version & not the original book. Sample Book Insights: #1 The free-enterprise economy is prone to episodes of speculation. These involve bank notes, securities, real estate, art, and other assets or objects. The more obvious features of the speculative episode are clear to anyone open to understanding. #2 The mass psychology of the speculative mood is difficult to understand, but it is clear that it allows those who are affected by it to save themselves from disaster. The saved will be the exception to a very broad and binding rule. #3 The condemnation of those who express doubt or dissent is strong, and they are often called obsolete, incapable of grasping the new and rewarding circumstances, or even deeply suspect. #4 The euphoric episode is protected and sustained by the will of those who are involved, to justify the circumstances that are making them rich. And it is equally protected by the will to ignore, exorcise, or condemn those who express doubts.

A Short History of Euphoria Financial

Author: John Kenneth Galbraith
Publisher:
ISBN: 9780517152935
Category :
Languages : en
Pages :

Book Description

Don't Fall For It

Author: Ben Carlson
Publisher: John Wiley & Sons
ISBN: 1119605164
Category : Business & Economics
Languages : en
Pages : 198

Book Description
Learn financial and business lessons from some of the biggest frauds in history Why does financial fraud persist? History is full of sensational financial frauds and scams. Enron was forced to declare bankruptcy after allegations of massive accounting fraud, wiping out $78 billion in stock market value. Bernie Madoff, the largest individual fraudster in history, built a $65 billion Ponzi scheme that ultimately resulted in his being sentenced to 150 years in prison. People from all walks of life have been scammed out of their money: French and British nobility looking to get rich quickly, farmers looking for a miracle cure for their health ailments, several professional athletes, and some of Hollywood’s biggest stars. No one is immune from getting deceived when money is involved. Don’t Fall For It is a fascinating look into some of the biggest financial frauds and scams ever. This compelling book explores specific instances of financial fraud as well as some of the most successful charlatans and hucksters of all-time. Sharing lessons that apply to business, money management, and investing, author Ben Carlson answers questions such as: Why do even the most intelligent among us get taken advantage of in financial scams? What make fraudsters successful? Why is it often harder to stay rich than to get rich? Each chapter in examines different frauds, perpetrators, or victims of scams. These real-life stories include anecdotes about how these frauds were carried out and discussions of what can be learned from these events. This engaging book: Explores the business and financial lessons drawn from some of history’s biggest frauds Describes the conditions under which fraud tends to work best Explains how people can avoid being scammed out of their money Suggests practical steps to reduce financial fraud in the future Don’t Fall For It: A Short History of Financial Scams is filled with engrossing real-life stories and valuable insights, written for finance professionals, investors, and general interest readers alike.

Money

Author: John Kenneth Galbraith
Publisher: Princeton University Press
ISBN: 0691171661
Category : Business & Economics
Languages : en
Pages : 390

Book Description
Money is nothing more than what is commonly exchanged for goods or services, so why has understanding it become so complicated? In Money, renowned economist John Kenneth Galbraith cuts through the confusions surrounding the subject to present a compelling and accessible account of a topic that affects us all. He tells the fascinating story of money, the key factors that shaped its development, and the lessons that can be learned from its history. He describes the creation and evolution of monetary systems and explains how finance, credit, and banks work in the global economy. Galbraith also shows that, when it comes to money, nothing is truly new—least of all inflation and fraud.

The Great Crash, 1929

Author: John Kenneth Galbraith
Publisher:
ISBN:
Category : Depressions
Languages : en
Pages : 248

Book Description
John Kenneth Galbraith's classic study of the Wall Street Crash of 1929.

This Time Is Different

Author: Carmen M. Reinhart
Publisher: Princeton University Press
ISBN: 1400831725
Category : Business & Economics
Languages : en
Pages : 512

Book Description
The acclaimed New York Times bestselling history of financial crises Throughout history, rich and poor countries alike have been lending, borrowing, crashing, and recovering their way through an extraordinary range of financial crises. Each time, the experts have chimed, “this time is different”—claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters. With this breakthrough study, leading economists Carmen Reinhart and Kenneth Rogoff definitively prove them wrong. Covering sixty-six countries across five continents and eight centuries, This Time Is Different presents a comprehensive look at the varieties of financial crises—including government defaults, banking panics, and inflationary spikes—from medieval currency debasements to the subprime mortgage catastrophe. Reinhart and Rogoff provocatively argue that financial combustions are universal rites of passage for emerging and established market nations. A remarkable history of financial folly, This Time Is Different will influence financial and economic thinking and policy for decades to come.

A History of Economics

Author: John Kenneth Galbraith
Publisher:
ISBN: 9780140153958
Category : Economics
Languages : en
Pages : 324

Book Description
A book explaining the history of economics; including the powerful and vested interests which moulded the theories to their financial advantage; as a means of understanding modern economics.

Devil Take the Hindmost

Author: Edward Chancellor
Publisher: Penguin
ISBN: 0452281806
Category : Business & Economics
Languages : en
Pages : 401

Book Description
A lively, original, and challenging history of stock market speculation from the 17th century to present day. Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? How has the psychology of investing changed—and not changed—over the last five hundred years? In Devil Take the Hindmost, Edward Chancellor traces the origins of the speculative spirit back to ancient Rome and chronicles its revival in the modern world: from the tulip scandal of 1630s Holland, to “stockjobbing” in London's Exchange Alley, to the infamous South Sea Bubble of 1720, which prompted Sir Isaac Newton to comment, “I can calculate the motion of heavenly bodies, but not the madness of people.” Here are brokers underwriting risks that included highway robbery and the “assurance of female chastity”; credit notes and lottery tickets circulating as money; wise and unwise investors from Alexander Pope and Benjamin Disraeli to Ivan Boesky and Hillary Rodham Clinton. From the Gilded Age to the Roaring Twenties, from the nineteenth century railway mania to the crash of 1929, from junk bonds and the Japanese bubble economy to the day-traders of the Information Era, Devil Take the Hindmost tells a fascinating story of human dreams and folly through the ages.