Manias, Panics and Crashes: A History of Financial Crisis (Wiley Investment Classics) |  | Author: Charles P. Kindleberger
Publisher: Wiley
This item is no longer available
Rating:  57 reviews
Sales Rank: 2002520
Media: Hardcover
Edition: 3
Pages: 320
Number Of Items: 1
Shipping Weight (lbs): 1
Dimensions (in): 8.7 x 5.7 x 1
ISBN: 0471161926
Dewey Decimal Number: 338.542
UPC: 723812161928
EAN: 9780471161929
ASIN: 0471161926
Publication Date: December 2, 1996
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| Also Available In:
| • | Hardcover - Manias Panics and Crashes: A History of Financial Crises | | • | Paperback - Manias, Panics and Crashes: A History of Financial Crises | | • | Hardcover - Manias, Panics, and Crashes: A History of Financial Crises | | • | Paperback - Manias, Panics, And Crashes: A History Of Financial Crises, Revised Edition | | • | Paperback - Manias, Panics and Crashes: A History of Financial Crises (Wiley Investment Classics Series) | | • | Hardcover - Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics) | | • | Paperback - Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics) | | • | School & Library Binding - Manias, Panics, And Crashes: A History of Financial Crises (Wiley Investment Classics) | | • | Paperback - Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics) |
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Product Description
Selected as one of the ten best investment books of all time by the Financial Times This updated version of Charles P. Kindleberger's celebrated classic takes readers through virtually every major crash and financial panic on record. From the currency devaluation in the Holy Roman Empire in 1618, through the California gold rush of the 1840s and 50s, all the way up to the crash of 1987 and last year's Peso devaluation, this engaging, lively, and exhaustive account offers a number of fascinating insights into why, despite the best efforts of economists to predict them and regulators to curtail them, market crashes remain an inexorable reality. * New coverage of the 1992 Sterling crisis, the Japanese boom and bust of 1988-90, and wild fluctuations in the bond markets * A cult classic on Wall Street available for the first time as part of the Wiley Investment Classics series CHARLES P. KINDLEBERGER (Lexington, Massachusetts) was the Ford Professor of Economics at MIT for 33 years. He is a financial historian and prolific writer.
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| Customer Reviews:
Showing reviews 1-5 of 57
Better appreciated after having familiarity with multiple financial crisis September 5, 2009
M. Lai
A scholarly and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries. Covering such topics as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has been hailed as "a true classic...both timely and timeless." The updated fifth edition expands upon each chapter, and includes two new chapters covering significant crises of the last fifteen years around the world.
 History Really Does Ryme August 14, 2009
Matthew P. Jarvis (Federal Way, WA)
I am always amazed how often history repeats itself and how quickly we forget. This book provides an amazing history of the credit markets for the last several hundred years. This should have been required reading for government officials and banks executives.
Its happened before June 26, 2009
Thomas Grover (Naples, Florida)
The latest financial meltdown is nothing new, we have suffered such panics before and will again. This book gives the reader a good perspective on previous financial follies and helps for understanding the current and future panics. A very readable and enjoyable financial history.
 A wealth of information, badly written, poorly organized May 13, 2009
T. Tse
This investment classic offers a comprehensive survey of all the major crashes and panics in financial history from the 17th century all the way to the dotcom era. The author analyzes these phenomena with a Minksy framework and provides indispensable insights on the psychology of the markets, the relevance of historical conditions, the deep underlying fundamentals as well as policy responses.
However, it takes considerable effort to harvest the insights. The book is VERY difficult to read. The author is a non-mathematical economist but I cannot agree with other reviewers who call him a literary economist as his writing is an absolute massacre of the English language. The style is elliptical and verbose. He shovels detailed historical facts right into your face, leaving you to piece them together. The author also repeats the same facts and ideas across chapters under a different pile of verbiage.
The appendix in this edition provides a useful chronological summary of all the crises treated in the main text. It is advisable to consult this first before diving into the mess.
superb March 22, 2009
reader (Syracuse NY)
0 out of 1 found this review helpful
This is a review of the 2005 edition. Although details differ, there are striking similarities in the basic structure of economic booms and busts. The author provides enough history to develop his arguments, then proceeds to apply them over 300 years of history. But this is more than "nil novum sub sole," because he focuses the last part of the book on the past 40 years, where more and bigger manias-crashes have occurred. This book, reviewed in early 2009, makes fascinating reading for those interested in what may lay ahead for all concerned. You really (but really) need to read this one.
Showing reviews 1-5 of 57
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