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Famous First Bubbles the Fundamentals of Early Manias

by Peter M. Garber

ISBN: 9780262571531
ISBN10: 0262571536

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Famous First Bubbles the Fundamentals of Early Manias

by Peter M. Garber

Binding: Paperback
Publisher: Mit Pr
Publish date: 11/01/2001
ISBN: 9780262571531
ISBN10: 0262571536

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Description: The jargon of economics and finance contains numerous colorful terms for market-asset prices at odds with any reasonable economic explanation. Examples include "bubble, " "tulipmania, " "chain letter, " "Ponzi scheme, " "panic, " "crash, " "herding, " and "irrational exuberance." Although such a term suggests that an event is inexplicably crowd-driven, what it really means, claims Peter Garber, is that we have grasped a near-empty explanation rather than expend the effort to understand the event.

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Famous First Bubbles the Fundamentals of Early Manias

by Peter M. Garber

Famous First Bubbles the Fundamentals of Early Manias

by Peter M. Garber

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