Manias, Panics and Crashes (The Macat Library)

Nicholas Pierpan

ISBN 10: 1912128055 / ISBN 13: 9781912128051

Verlag: Macat Library 2017-07-04, 2017

Bestandsnummer des Verkäufers 6666-GRD-9781912128051

Inhaltsangabe:

Perhaps the most peculiar feature of a financial bubble - one that Charles Kindleberger's classic work Manias, Panics and Crashes draws particular attention to - is the inability of those trapped inside it to grasp the seriousness of their predicament. They know in principle that bubbles exist, and they know that the financial crashes that result from them are capable of destroying individuals' wealth and entire economies. Yet whenever and wherever a bubble begins to form, we're told that this time things are different, that there are sound reasons to continue to invest and to presume that prices will continue to rise steadily forever. Kindleberger's achievement is to use the critical thinking skill of evaluation to examine this strange mindset and the arguments advanced in support of it. He harshly judges the acceptability of the reasons used to create such arguments, and highlights the issues of relevance and adequacy that give us every reason to doubt them. Kindleberger also uses his powers of reasoning to effect an unusual achievement - writing a work soundly rooted in economics that nonetheless engages and convinces a non-specialist audience of the correctness of his arguments.

Über die Autorin bzw. den Autor:

Dr Nicholas Burton holds a degree in economics from Bowdoin College, Maine, and a DPhil in English literature from Oxford. An award-winning playwright who has taken on subjects as diverse as the financial crisis and the lives of the Romantic poets, he currently lectures on play-writing at Royal Holloway, University of London, and is the Creative Arts Fellow at Wolfson College, Oxford.

Bibliografische Details

Titel: Manias, Panics and Crashes (The Macat ...
Verlag: Macat Library 2017-07-04
Erscheinungsdatum: 2017
Einband: Paperback
Zustand: New