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Myrtle DohertyFamous First Bubbles
The Fundamentals of Early Manias
by Peter GarberFamous First Bubbles · CLICK HERE
- Publisher: MIT Press (MA)
- Format: hardcover, 163 pages
- Author: Peter Garber
- ISBN: 9780262072045 (0262072041)
- Genres: economics, history, historical
- Language: english
- Release date: June 12, 2000
About The Book
The jargon of economics and finance contains numerous colourful terms for market-asset prices at odds with any reasonable economic explanation. Examples include bubble, tulipmania, chain letter, Ponzi scheme, panic, crash, herding and irrational exuberance. Although such a term suggests that an event is inexplicably crowd-driven, what it really means, claims Peter Garber, is that we have grasped a near-empty explanation rather than expend the effort to understand the event.
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