Boom and Bust: A Global History of Financial Bubbles (Hardback)
  • Boom and Bust: A Global History of Financial Bubbles (Hardback)
zoom

Boom and Bust: A Global History of Financial Bubbles (Hardback)

(author), (author)
£18.99
Hardback 296 Pages / Published: 06/08/2020
  • In stock

Available

  • This item has been added to your basket
Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks.

Publisher: Cambridge University Press
ISBN: 9781108421256
Number of pages: 296
Weight: 560 g
Dimensions: 235 x 162 x 22 mm


MEDIA REVIEWS
'Where do financial bubbles come from? Can - and should - policy makers always try to stop them? Can investors avoid them? Quinn and Turner take us on an informative, engaging tour of the last three hundred years of bubbles and, using history as their guide, provide intriguing answers.' Richard S. Grossman, author of WRONG: Nine Economic Policy Disasters and What We Can Learn From Them
'Quinn and Turner argue that the essential elements of capital markets: money, credit and speculation are also the necessary ingredients of financial bubbles. Can we have one without the other?' William Goetzmann, author of Money Changes Everything: How Finance Made Civilization Possible
'Quinn and Turner have made a major contribution to the literature on financial speculation and the bubbles to which they contribute. Not only do they provide an analytical dissection of ten salient episodes over some 300 years, they embed these narratives in an explanatory framework - the 'bubble triangle' - that links the relative marketability of financial assets and the supply of credit to speculative excess. Thus, Boom and Bust shows how to mine history for meaning, with lessons relevant today for investors and policy-makers alike.' Bill Janeway, author of Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State
'For anyone interested in financial history, Boom and Bust is essential reading.' John Plender, Financial Times
'An action-packed romp through ten of the biggest bubbles and busts of the past three centuries ... Some (most) finance books are arid and hard-going; this one I couldn't put down.' Alistair Haimes, The Critic
'A lovely book. It describes and draws lessons from ten financial manias, from the South Sea Bubble to 'Casino Capitalism with Chinese Characteristics'. It also explains bubbles with what the authors call 'the bubble triangle'. Its three sides consists of oxygen, which is the 'marketability' of assets, fuel, which is 'money and credit' and heat, which is 'speculation'. This combination recurs repeatedly and so do bubbles. Just like fires, financial manias and crashes are destructive, but they can also be useful, by clearing out dead wood.' Martin Wolf, Financial Times, Best Books of 2020
'A readable and impressively researched title to be enjoyed by the generalist or specialist.' Niall McGarrigle, Irish Times
'Written with exquisite concision and packing a wealth of detail and citation into each chapter, Boom and Bust is an instant classic.' Rebecca L. Spang, Times Literary Supplement

You may also be interested in...

The Later Tudors
Added to basket
£43.49
Paperback
The Great Crash 1929
Added to basket
The Great Hunger
Added to basket
The Rational Optimist
Added to basket
This Time Is Different
Added to basket
The Great Degeneration
Added to basket
The Long Twentieth Century
Added to basket
The Corporation That Changed the World
Added to basket
Wall Street and the Rise of Hitler
Added to basket
The Making of the English Working Class
Added to basket
The Money Machine
Added to basket
£10.99
Paperback
More Money Than God
Added to basket
The Great Escape
Added to basket
£15.99
Paperback
Debt, Updated And Expanded
Added to basket

Please sign in to write a review

Your review has been submitted successfully.