Manias, Panics and Crashes: A History of Financial CrisesEconomists mostly believe that financial markets are ruled by rationality after intelligent investors digest all the relevant information. Economic historians concede that this is generally the case but that, on occasion, these markets get caught up in herd behaviour, possibly irrational enough to be called manias, overdo bidding asset prices up, leading to consequent and subsequent collapse. |
Other editions - View all
Manias, Panics, And Crashes: A History Of Financial Crises, Revised Edition Charles P. Kindleberger No preview available - 1989 |
Manias, Panics and Crashes: A History of Financial Crises Charles Poor Kindleberger No preview available - 1996 |
Manias, Panics and Crashes: A History of Financial Crisis Charles P. Kindleberger No preview available - 1996 |