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EAN: 9780465043804 ISBN: 0465043801 Label: Basic Books Manufacturer: Basic Books Number Of Items: 1 Number Of Pages: 271 Publication Date: August 11, 1978 Publisher: Basic Books Studio: Basic Books Editorial Review: Product Description: One of the nation’s leading economists and economic historians has updated his classic history of financial crises to include the October 1987 New York Stock Exchange meltdown and the continuing debt crisis. Average Rating:
 Rating:  - Second to none on the cause of financial crisesKindleberger who passed away before the current financial crisis wrote the best book I have read on financial crises. His analysis of boom and bust cycle is prescient. It is much superior to Morris' still excellent The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash and Shiller's mediocre The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do about It. Kindleberger thesis is that manias and panics result from the pro-cyclical ... Read More Rating:  - Relevant, but difficult to readThere is a wealth of great information and insight in this book, but it is organized in a manner that reduces interest and readability. The authors make points and then provide examples from several financial crises, with the result that almost every single page covers multiple events but you never really get a full picture of those events. It is incredibly relevant to the current (2008) crisis, so it is unfortunate the book isn't organized better. Rating: - Relevant but hard to readI am no economist and just an interested general reader. I expected to read narratives about past financial crises and how they played out. But this book is not organized that way. It doesn't tell any story from start to finish. Instead it references lots of different crises in a kind of shorthand way, without giving the background or the overall narrative. Many of the references are pretty darn obscure, at least to me. So fine, if he's talking about how a certain phenomenon works and he ... Read More Rating: - Manias, Panics, and CrashesI gave this book to my grandson who is majoring at UCSD in economics. He has not had any course yet covering the history of financial crashes, etc. and finds it fascinating to compare past times with the present economic slowdown. Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics) Rating:  - Presents a correct analysis but should have devoted some more time to the warnings of Smith and Keynes-4 .5 starsKindleberger does a great job of demonstrating what the root cause of economic downturns is.The process starts as bubbles of speculation on a sea of enterprise and entrepreneurship as pointed out by Keynes.However,as time passes the bankers decide to shift loans to speculators as well as starting to engage in speculation themselves.The situation changes as one observes a sea of speculation with few bubbles of enterprise floating on top.This sets the stage for the bubble to start growing with the ... Read More |
