Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics)

Features

• Cover Type: Paperback with 368 pages
• Published by: Wiley
• Edition: 5th Edition October 4, 2005
• Written in: English
• ISBN 10 Number: 0471467146
• ISBN 13 Number: 978-0471467144
• Book Dimensions: 8.8 x 6.1 x 0.8 inches
• Weighs: 15.2 ounces

Product Description
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 classicboth 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.

Back Cover Copy


Finance

"Underneath the hilarious anecdotes, the elegant epigrams, and the graceful turns of phrase, Kindleberger is deadly serious. The manner in which human beings earn their livings is no laughing matter to him, especially when they attempt to do so at the expense of one another. As he so effectively demonstrates, manias, panics, and crashes are the consequence of an economic environment that cultivates cupidity, chicanery, and rapaciousness rather than a devout belief in the Golden Rule."
-from the Foreword to the Fourth Edition by Peter L. Bernstein,

author of Against the Gods and The Power of Gold

Praise for previous editions of Manias, Panics, and Crashes

"ClassicManias, Panics, and Crashes is a durable guide to meditation: wise, witty, and practical. It is a template against which to measure the latest financial crisis-whatever and whenever that happens to be."
-David Warsh, The Boston Globe

"Definitive."
-Floyd Norris, The New York Times

"[Manias, Panics, and Crashes] is a scholarly account of the way that mismanagement of money and credit has led to financial explosions over the centuries."
-Richard Lambert, Financial Times

"What long has been the best history of financial pathologies is now even better. The reader who absorbs Kindleberger's lessons will be prepared to foresee and navigate the financial crises that surely lie ahead. Like a true classic, Manias, Panics, and Crashes is both timely and timeless."
-Richard Sylla, Kaufman Professor of Financial History

Stern School of Business, New York University

Reader Reviews
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. Comment | | (Report this)