I haven’t yet read Manias, Panics, and Crashes, published in 2000. But I came across a recommendation in the comments section of some blog the other day and found the title and the Amazon description rather intriguing:
“[Manias, Panics, and Crashes] is a scholarly account of the way that mismanagement of money and credit has led to financial explosions over the centuries.””“Richard Lambert, Financial Times
“This book sparkles with the best of Kindleberger’s wit, insight, and passion for financial history. A real delight.””“Robert Z. Aliber, Professor of International Economics and Finance, University of Chicago, Graduate School of Business
“What long has been the best history of financial pathologies is now even better. The reader who absorbs Kindleberger’s lessons will be prepared to foresee and navigate the financial crises that surely lie ahead. Like a true classic, Manias, Panics, and Crashes is both timely and timeless.” ”“Richard Sylla, Kaufman Professor of Financial History, Stern School of Business, New York University
“Foresee and navigate the financial crises that surely lie ahead”—ah, would that I had! Would that I could!
Book blurbs are often a literary form of “You scratch my back and I’ll scratch yours,” and as I said I’ve not read this one so I don’t know how good it actually is. But it occurs to me that some book or other on this topic ought to be required reading in our public school system. It might help to inoculate the public against falling for the mania part of the cycle (ah, a person can dream, can’t she?) Continue reading →