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Loading... Manias, Panics, and Crashes: A History of Financial Crises (Wiley…by Charles P. Kindleberger
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will love Sign up for LibraryThing to find out whether you'll like this book. I gave five stars to the third edition. The fifth edition (isbn 0471467146) has Robert Aliber as coauthor. ( )In light of current events on the business front I have been dipping into a classic text that provides historical perspective for understanding the events of today. This is the classic Manias, Panics, and Crashes by Charles P. Kindleberger. He provides a succinct history of economic crises in ten chapters plus a conclusion as to "The Lessons of History". Interestingly he feels it necessary in his first chapter to explain: "This book is an essay in what is derogatorily called today "literary economics," as opposed to mathematical economics, econometrics, or (embracing them both) the "new economic history."" (pp. 7-8) Having received my own degree in Economics less than a decade before this book was published I found a kindred spirit in that I, too, preferred "literary economics", eschewing econometrics, et. al. I recommend Kindleberger's treatise as a good example of economics (without approving of all his views), history, or both. His analysis of various episodes of speculative fever in the markets and his thoughtful discussion of causes and lessons for today are worth reading and considering in light of our own economic turbulence. no reviews | add a review
Amazon.com Product Description (ISBN 0471389455, Paperback)"Sometime in the next five years you may kick yourself for not reading and re-reading Kindleberger’s Manias, Panics, and Crashes." –Paul A. Samuelson, Institute Professor Emeritus, Massachusetts Institute of Technology"One never picks up a work by Charles Kindleberger without anticipating a feast of entertainment. But underneath the hilarious anecdotes, the elegant epigrams, and the graceful turns of phrase, Kindleberger is deadly serious. The manner in which human beings earn their livings is no laughing matter to him, especially when they attempt to do so at the expense of one another." –from the Foreword by Peter L. Bernstein, author of Against the Gods and The Power of Gold Praise for Manias, Panics, and Crashes "Classic. . . . Manias, Panics, and Crashes is a durable guide to meditation: wise, witty, and practical. It is a template against which to measure the latest financial crisis–whatever and whenever that happens to be." –David Warsh, Boston Globe "Definitive." –Floyd Norris, New York Times "Menacing..." –The New Yorker "[Manias, Panics, and Crashes] is a scholarly account of the way that mismanagement of money and credit has led to financial explosions over the centuries."–Richard Lambert, Financial Times "This book sparkles with the best of Kindleberger’s wit, insight, and passion for financial history. A real delight."–Robert Z. Aliber, Professor of International Economics and Finance, University of Chicago, Graduate School of Business "What long has been the best history of financial pathologies is now even better. The reader who absorbs Kindleberger’s lessons will be prepared to foresee and navigate the financial crises that surely lie ahead. Like a true classic, Manias, Panics, and Crashes is both timely and timeless." –Richard Sylla, Kaufman Professor of Financial History, Stern School of Business, New York University (retrieved from Amazon Fri, 24 Apr 2009 07:58:08 -0400) The first test round has been closed. Visit the Open Shelves Classification group for details. |
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