Manias, Panics and Crashes Pierpan Nicholas
Perhaps the most peculiar feature of a financial bubble - one that Charles Kindleberger's classic work Manias, Panics and Crashes draws particular attention to - is the inability of those trapped…
Specifikacia Manias, Panics and Crashes Pierpan Nicholas
Perhaps the most peculiar feature of a financial bubble - one that Charles Kindleberger's classic work Manias, Panics and Crashes draws particular attention to - is the inability of those trapped inside it to grasp the seriousness of their predicament. They know in principle that bubbles exist, and they know that the financial crashes that result from them are capable of destroying individuals' wealth and entire economies. Yet whenever and wherever a bubble begins to form, we're told that this time things are different, that there are sound reasons to continue to invest and to presume that prices will continue to rise steadily forever.Kindleberger's achievement is to use the critical thinking skill of evaluation to examine this strange mindset and the arguments advanced in support of it. He harshly judges the acceptability of the reasons used to create such arguments, and
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Panics Molinard Barbara
Nicholas and the Gang
Nicholas and the Gang
The Great Crashes
Pinky Crashes the Party!