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Macat Library

An Analysis of Charles P. Kindleberger's Manias, Panics, and Crashes: A History of Financial Crises (The Macat Library)

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Product Code: 9781912128051
ISBN13: 9781912128051
Condition: New
$11.64

An Analysis of Charles P. Kindleberger's Manias, Panics, and Crashes: A History of Financial Crises (The Macat Library)

$11.64
 
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 highlights the issues of relevance and adequacy that give us every reason to doubt them. Kindleberger also uses his powers of reasoning to effect an unusual achievement--writing a work soundly rooted in economics that nonetheless engages and convinces a non-specialist audience of the correctness of his arguments.--Provided by publisher.

Author: Nick Burton
Publisher: Macat Library
Publication Date: Jul 04, 2017
Number of Pages: 106 pages
Language: English
Binding: Paperback
ISBN-10: 1912128055
ISBN-13: 9781912128051
 

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