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List Price: $19.95Price: $14.72 You Save: $5.23 (26%)as of 07/30/2010 07:04 EDT
Availability: Usually ships in 1-2 business days
Binding: Paperback
Dewey Decimal Number: 338.542
EAN: 9780471161714
Edition: 3
ISBN: 0471161713
Label: John Wiley & Sons Inc
Manufacturer: John Wiley & Sons Inc
Number Of Items: 1
Number Of Pages: 263
Publication Date: 1996-12
Publisher: John Wiley & Sons Inc
Studio: John Wiley & Sons Inc
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Editorial Review:
Product Description:
Selected as one of the ten best investment books of all time by the Financial Times This updated version of Charles P. Kindleberger's celebrated classic takes readers through virtually every major crash and financial panic on record. From the currency devaluation in the Holy Roman Empire in 1618, through the California gold rush of the 1840s and 50s, all the way up to the crash of 1987 and last year's Peso devaluation, this engaging, lively, and exhaustive account offers a number of fascinating insights into why, despite the best efforts of economists to predict them and regulators to curtail them, market crashes remain an inexorable reality. * New coverage of the 1992 Sterling crisis, the Japanese boom and bust of 1988-90, and wild fluctuations in the bond markets * A cult classic on Wall Street available for the first time as part of the Wiley Investment Classics series CHARLES P. KINDLEBERGER (Lexington, Massachusetts) was the Ford Professor of Economics at MIT for 33 years. He is a financial historian and prolific writer.
Average Rating: 
Rating:  -
The foreword by Robert Solow warns you: "It was CPK's style as an economic historian to hunt for interesting things to learn, not to pursue a systematic agenda." From this you expect a bird's eye view but the bird turns out to be a hummingbird flitting from flower to flower in a seemingly random fashion. Also, as reviewer Evelyn Uyemura notes, if you are not an economist, many of the older references draw a blank. This is a book written for economists, not for the general public.
The ... Read More
Rating:  -
I saw this book referenced so much that I thought I would give it a try. In addition, I believe the past is usually a good indication of what's to come, given the same or similar circumstances, or that the past can give clues as to how to handle a current situation similar to one that happened in the past. Since we are in the midst of a financial crisis, I thought it would be interesting to see how past crises were dealt with. I thought I was crazy for not liking this book since it is generally alluded ... Read More
Rating:  -
Kindleberger does an excellent job at explaining the history of Western "Manias, Panics, and Crashes". He holds that "the a priori assumption of rational markets and consequently the impossibility of destabilizing speculation are difficult to sustain with any extensive reading of economic history". Kindleberger then goes on to explain why the shallow assumption of Milton Friedman and other neoclassical economists are flawed.
Kindleberger takes a qualitative approach to economic history that ... Read More
Rating: -
Sometimes we forget how bad it can be, and then we howl over minor bad times in the markets. We may be past a mania in residential housing, but we have not really experienced a panic or crash yet. People squeal over how bad the equity market is, but recently we haven't had anything like the 2000-2002 experience, much less the 1973-1974 or 1929-1932 experience.
Two books come to mind when I think about disaster in a non-fear-mongering way: Manias, Panics, and Crashes, by Charles Kindleberger, and ... Read More
Rating: -
This is a very informative book, however, it is extremely boring. The writing just makes an interesting topic completely boring.
Good book nonetheless and worthy of a read.
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