This review of John Kenneth Galbraith’s book “A Short History of Financial Euphoria” documents history’s lessons for financial decision makers. A Short History of Financial Euphoria by John Kenneth Galbraith, , available at Book Depository with free delivery worldwide. A Short History of Financial Euphoria. John Kenneth Galbraith, Author Viking Books $16 (p) ISBN
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Especially fascinating to have read this against the backdrop of the dramatic rise and fall of cryptocurrencies.
Definitely worth picking up. Galbraith’s essay pales in comparison with the exhaustiveness of, for instance, Kindleberger’s history of panics, and it’s not a substitute for those more extensive books. All economists I’ve read so far have sounded so, so annoyed? A welcome reminder of brevity of financial memory and mass folly in finance.
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That seems to be the pattern of financial boom and bust. This is a short and sweet essay focusing on the cyclical nature of economics. Jan 04, Francisco rated it really liked it Shelves: Think Like a Freak.
But then, on that terrible October morning, realization was thought to have dawned. There are two groups that participate in the bubble. It is a short, witty book with superb, sometimes cynical language. Galbraith’s financial view, but he yalbraith Neo-Keynesian.
Donald Trump will also seem prescient — inMr. On the one hand those who are believers and are convinced that a new world of immediate wealth has been born, on the other hand those who think that the price rises are unsustainable but intend to ride the wave and exit when the crash approaches.
We’ll publish them on galbrauth site once we’ve reviewed them. They joined in sponsoring a ‘New York Times’ advertisement attributing the crash to the deficit in the budget of the federal government.
Although he died before the last crash, all of his arguments and descriptions would have applied fully.
A Short History of Financial Euphoria
Lists with This Book. The writing is clear, concise and often caustic. It also comes from a sensible left-of-center perspective that I feel is both wise and sadly lacking into today’s landscape.
Published July 1st by Penguin Books first published January 1st Anyone taking part in financial markets should read this once a year. Your display name should be at least 2 characters long. Jan 04, Tirath rated it really liked it.
Read this for my history extension essay and the blatant doneness gradually ceases to be subtle toward the end and that was my favourite part.
A Short History of Financial Euphoria : John Kenneth Galbraith :
Anything that goes up must come down – and this has been repeating over again in history. At Kobo, we try to ensure that published reviews do not contain rude or profane language, spoilers, or any of our reviewer’s personal information.
In this primer, the renowned economist John Kenneth Galbraith reviews the major speculative episodes of the last three centuries – from the 17th century tulip craze to the calamitous junk-bond follies of the s. The Obstacle Is the Way.
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A Short History of Financial Euphoria by John Kenneth Galbraith
I don’t know everything about Mr. I flew through this book and it was a big eye-opener. In this slender volume, John Kenneth Galbraith selectively traces episodes of speculative excess from the Tulipomania of the midth century through the Crash of ‘