|  | Authors: Charles P. Kindleberger, Robert Aliber
Creator: Robert Solow
Publisher: Wiley
List Price: $19.95
Buy New: $10.97
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New (37) Used (22) from $7.95
Seller: treebeardbooks
Rating:  57 reviews
Sales Rank: 3319
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Edition: 5
Pages: 336
Number Of Items: 1
Shipping Weight (lbs): 1
Dimensions (in): 8.8 x 6.1 x 0.8
ISBN: 0471467146
Dewey Decimal Number: 338.542
EAN: 9780471467144
ASIN: 0471467146
Publication Date: October 4, 2005
Availability: Usually ships in 1-2 business days
Condition: Brand New, Fast and Professional Shipping (no shipping to: APO, AK, HI, PR as standard mail to these locations takes 4+ weeks).
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| Customer Reviews:
Showing reviews 21-25 of 57
 A classic book on financial bubbles from an exceptional scholar September 30, 2007
Integrity Reviews (USA)
17 out of 18 found this review helpful
Kindleberger was a professor of economics at MIT, and a deep scholar of the history of financial bubbles and subsequent crashes. He proves with many examples that growth in the supply of credit is a fundamental factor in bubble development, stengthening associations of this type categorized by Hyman Minsky. While Kindleberger's writing is sometimes redundant, his amazing grasp of the details of financial history, numerous examples, and deep understanding more than compensate for this minor limitation of style. This book has been through 5 editions and is an indispensable reference; it is also a fascinating read. It should not to be missed by any serious investor, nor any student of financial manias and panics.
 Writing after crashes is easy September 4, 2007
P. J. Van Ginkel (Almere Netherlands)
2 out of 17 found this review helpful
Many causes for financial crashes. All have more or less the same pattern. A lot of publication appear after a crash, who will write before the crash?
This book gives good insight into financial chaos.
If you like investments, you need read this book. Now! July 10, 2007
Carlos A. Rubinstein (São Paulo, São Paulo Brazil)
3 out of 9 found this review helpful
This book is exceptional.
After read it you will see the market, the history, and... Specially the warnings, with other eye.
Kindleberger wrote an excellent book about Manias, about Panics, about Crashes, about HOW keep alert!
Don't panic... just read it.
[...]
A History of Financial Crises by Kindleberger June 9, 2007
John Casey (Northville, MI.)
4 out of 10 found this review helpful
This is heavy reading even for an academian, if I'm not mistaken. It goes on-and-on citing the details of finacial crises in history going back several centuries. There's no question that Mr Kindleberger's research is majestic. For any student that is exploring historical materials on finance, this book woould be a great source. One of the hardest part of this book is to sort out useable information for the average person that wants to be an alert investor.
John Casey
Northville, MI., 48167
Economic history April 16, 2007
Atherton Reader (Atherton, CA)
33 out of 34 found this review helpful
History always has lessons to teach us. In addition to comments by Golden Lion from Utah, I believed this book really spoke poignantly about the "adjustment process" of global or local market imbalances and the possible causes.
The causes are elaborated in many different examples from the Dutch Tulip crash to the dot-com crash. Signs of the excess liquidity, overly generous expectations of future demand, and other general characteristics are drawn from these events.
In the economic case where A has caused B, then B has caused C, and so on. If Z is a market crash, one cannot blame Y for losses. The book writes that its the cumulative effects of A-Y that has caused this, and more likely the pin-prick that pops a "bubble" is normally from a totally unexcepted source. To me, this was the greatest take away point -- naturally after every market crash we attempt to learn from our follies. However, the market has also learned and adapted, such that the next market failure is caused by a different set, but the same symptoms are similar to A-Y.
On the negative side, I wished that the latest version did a little better job at editing down the redundancies. For example, the Japanese real estate collapse in the early 1990's was used 5-7 times in different parts of the book -- in many cases, the underlying story was retold, even verbatim. I would disagree with one of the reviewers, that one needs an advanced degree to understand this book, however, an appreciation for economic theory is helpful, particularly monetary policies and capital markets. It does not require up-to-date knowledge of the stock, currencies, or bond markets.
Nevertheless, a good book to keep and re-read every few years. Always worth remembering our past mistakes and trying to create an edge.
Showing reviews 21-25 of 57
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