Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics)
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Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics) Customer Reviews
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♥♥♥♥♥
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A classic book on financial bubbles from an exceptional scholar
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| Kindleberger was a professor of economics at MIT, and a deep scholar of the history of financial bubbles and subsequent crashes. He proves with many examples that growth in the supply of credit is a fundamental factor in bubble development, stengthening associations of this type categorized by Hyman Minsky. While Kindleberger's writing is sometimes redundant, his amazing grasp of the details of financial history, numerous examples, and deep understanding more than compensate for this minor limitation of style. This book has been through 5 editions and is an indispensable reference; it is also a fascinating read. It should not to be missed by any serious investor, nor any student of financial manias and panics. |
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