This review of John Kenneth Galbraith’s book “A Short History of Financial Euphoria” documents history’s lessons for financial decision makers. A Short History of Financial Euphoria by John Kenneth Galbraith, , available at Book Depository with free delivery worldwide. A Short History of Financial Euphoria. John Kenneth Galbraith, Author Viking Books $16 (p) ISBN
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How can people be so willing to get caught up in the mania of speculation when history tells us that a collapse is almost sure to follow? The title should be at least 4 characters long. To Sell Is Human. He finanial a PhD at the University of California in and later took a fellowship at Cambridge, where he first encountered Keynesian economics.
A Short History of Financial Euphoria by John Kenneth Galbraith
But as a writer of popular, accesible economics, he is, in my view, up there with Bastiat. Ratings and Reviews 2 4 star ratings 2 reviews. The book is as with most of his stuff, just too darn short, and its strange to say that as this is not a criticism often aimed at galbriath writers.
Whereas you know the conclusions he draws are the correct ones, at the same time its not quite enough to believe him. Lists with This Book. He received the Presidential Medal of Freedom twice: A welcome reminder of brevity of financial memory and mass folly in finance.
Galbraith shares his characterization of episodes of speculation, then gives the account of a dozen such eulhoria, from Holland’s tulip mania to the crash of October Although he died before the last crash, all of his arguments and descriptions would have applied fully.
About John Kenneth Galbraith. Galbraith was writing about Trump as a failed businessman backed by bankers who should have known better; 20 years later, he is now a politician run amok backed by voters who should have know better.
Those who thought that they could exit in time find the emergency exits overcrowded and those who believed in a new world turn into mourners. Galbraith was right to predict that 20 years was all it took to forget Yes No Thanks for your feedback! John Kenneth Galbraith walks through a few of the better-known financial manias in history.
The Culture of Contentment. Written in and updated in providing a good view of the repetitive nature of bubbles. Second, the galbrraith goes up.
A Short History of Financial Euphoria
If Investor X is making all that money, he must be especially wise. Dec 02, Robert Karl rated it it was amazing. May 16, James rated it it was amazing. It was of course an extremely timely read considering recent financial upheavals, though it was published in the early ’90s. First, it runs counter to the presumption that wealth is associated with intelligence. His style is so engaging it leaves you wanting more, but the book fairly skirts over most of the interesting episodes it chronicles, never really getting into any depth.
The only thing that helps is the understanding of the mass hysteria that creates them.
A Short History of Financial Euphoria by John Kenneth Galbraith | : Books
A whirlwind tour of some booms and crashes and one economist’s take on the cause: The Scientific Secrets of Perfect Timing. Aug 11, Roger rated it really liked it.
The first response came from a convocation of former Secretaries of the Treasury, professional public spokesmen, and chief executive officers of major corporations.
Definitely worth picking up. Feb 16, Lainie rated it really liked it. They take shape in largely the same ways: And the crowd catches the fever.