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Manias, Panics and Crashes: A History of Financial Crises

Manias, Panics and Crashes: A History of Financial Crises
By Charles P. Kindleberger, Robert Z. Aliber

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Product Details

  • Amazon Sales Rank: #94745 in Books
  • Published on: 2005-08-10
  • Original language: English
  • Binding: Paperback
  • 288 pages

Editorial Reviews

Synopsis
Manias, Panics and Crashes, fifth edition, is a scholarly and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries. Covering such topics as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has been hailed as 'a true classic...both timely and timeless.' In this new, updated Fifth Edition, Kindleberger and Aliber expand upon the ideas presented in the previous edition, and include two new chapters on the real estate price bubble that ocurred in Norway, Sweden and Finland at the end of the 1980s, and the three asset price bubbles that occurred between 1985 and 2000 in Japan and other Asian countries. Selected as one of the best investment books of all time by the Financial Times, Manias, Panics and Crashes puts the turbulence of the financial world in perspective.


Customer Reviews

A complete history of financial crises3
Good to read to have a long-term perspective. I wish the authors dedicated more effort to explaining what causes bubbles, after all, brains of such great universities are involved (MIT, Chicago...)