HomeGroupsTalkMoreZeitgeist
This site uses cookies to deliver our services, improve performance, for analytics, and (if not signed in) for advertising. By using LibraryThing you acknowledge that you have read and understand our Terms of Service and Privacy Policy. Your use of the site and services is subject to these policies and terms.
Hide this

Results from Google Books

Click on a thumbnail to go to Google Books.

Pop!: Why Bubbles Are Great For The Economy…
Loading...

Pop!: Why Bubbles Are Great For The Economy (edition 2007)

by Daniel Gross

MembersReviewsPopularityAverage ratingConversations
322586,275 (3.43)None
Bubbles--from hot stocks in the 1920s to hot stocks in the 1990s--are much-lamented features of contemporary economic life. Time and again, American investors, seduced by the lures of quick money, new technologies, and excessive optimism, have shown a tendency to get carried away. Time and again, they have appeared foolish when the bubble burst. The history of finance is filled with tragic tales of shattered dreams, bankruptcies, and bitter recriminations. But what if the I-told-you-so lectures about bubbles tell only half the story? What if bubbles accomplish something that can only be seen in retrospect? What if the frenzy of irrational economic enthusiasm lays the groundwork for sober-minded opportunities, growth, and innovation? Could it be that bubbles wind up being a competitive advantage for the bubble-prone U.S. economy? In this entertaining and fast-paced book--you'll laugh as much as you cry--Daniel Gross convincingly argues that every bubble has a golden lining. From the 19th-century mania for the telegraph to the current craze in alternative energy, from railroads to real estate, Gross takes us on a whirlwind tour of reckless investors and pie-in-the-sky promoters, detailing the mania they created--but also the lasting good they left behind. In one of the great ironies of history, Gross shows how the bubbles once generally seen as disastrous have actually helped build the commercial infrastructures that have jump-started American growth. If there is a secret to the perennial resilience and exuberance of the American economy, Gross may just have found it in our peculiar capacity to blow financial bubbles--and successfully clean up the mess.… (more)
Member:xtien
Title:Pop!: Why Bubbles Are Great For The Economy
Authors:Daniel Gross
Info:Collins (2007), Hardcover, 240 pages
Collections:Your library
Rating:***
Tags:None

Work details

Pop!: Why Bubbles Are Great For The Economy by Daniel Gross

None
Loading...

Sign up for LibraryThing to find out whether you'll like this book.

No current Talk conversations about this book.

Showing 2 of 2
1 vote worldsedge | Mar 4, 2008 |
The idea is good: bubbles in the economy cost a lot of investors their money but afterwards, they leave us all a nice and paid for infrastructure. True for telegraph: after most telegraph companies went bust, new business was created by AP press, Dunn and Bradstreet and others. Same for railroads. Same for internet: worldcom and global XS went bust but without the bandwidth their bubble left us, we wouldn't have Youtube or Second life.

In the details, the book is not so good. Obviously, Daniel Gross has read a lot, but he doesn't know many of the details. ( )
  xtien | May 24, 2007 |
Showing 2 of 2
no reviews | add a review
You must log in to edit Common Knowledge data.
For more help see the Common Knowledge help page.
Canonical title
Original title
Alternative titles
Original publication date
People/Characters
Important places
Important events
Related movies
Awards and honors
Epigraph
Dedication
First words
Quotations
Last words
Disambiguation notice
Publisher's editors
Blurbers
Original language
Canonical DDC/MDS

References to this work on external resources.

Wikipedia in English (1)

Bubbles--from hot stocks in the 1920s to hot stocks in the 1990s--are much-lamented features of contemporary economic life. Time and again, American investors, seduced by the lures of quick money, new technologies, and excessive optimism, have shown a tendency to get carried away. Time and again, they have appeared foolish when the bubble burst. The history of finance is filled with tragic tales of shattered dreams, bankruptcies, and bitter recriminations. But what if the I-told-you-so lectures about bubbles tell only half the story? What if bubbles accomplish something that can only be seen in retrospect? What if the frenzy of irrational economic enthusiasm lays the groundwork for sober-minded opportunities, growth, and innovation? Could it be that bubbles wind up being a competitive advantage for the bubble-prone U.S. economy? In this entertaining and fast-paced book--you'll laugh as much as you cry--Daniel Gross convincingly argues that every bubble has a golden lining. From the 19th-century mania for the telegraph to the current craze in alternative energy, from railroads to real estate, Gross takes us on a whirlwind tour of reckless investors and pie-in-the-sky promoters, detailing the mania they created--but also the lasting good they left behind. In one of the great ironies of history, Gross shows how the bubbles once generally seen as disastrous have actually helped build the commercial infrastructures that have jump-started American growth. If there is a secret to the perennial resilience and exuberance of the American economy, Gross may just have found it in our peculiar capacity to blow financial bubbles--and successfully clean up the mess.

No library descriptions found.

Book description
Haiku summary

Quick Links

Popular covers

Rating

Average: (3.43)
0.5
1
1.5
2
2.5
3 5
3.5
4 1
4.5
5 1

Is this you?

Become a LibraryThing Author.

 

About | Contact | Privacy/Terms | Help/FAQs | Blog | Store | APIs | TinyCat | Legacy Libraries | Early Reviewers | Common Knowledge | 155,835,835 books! | Top bar: Always visible