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The work of Charles Kindleberger, who died on July 7th, has never been more In “Manias, Panics and Crashes”, Mr Kindleberger provided a. Manias, Panics, and Crashes has ratings and reviews. Charles Kindleberger’s brilliant, panoramic history revealed how financial crises follow a. Manias, Panics and Crashes, is a scholarly and entertaining account of the way that mismanagement of money and credit has Kindleberger, Charles P. (et al.).

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With all of the talk about stock market manipulation, derivative fraud, and the imminent collapse of the global economic s I enjoyed this book first as an economics student in my undergraduate college course of study. Mar 02, Jake rated it liked it Shelves: The author is at pains to draw contrasts between his view and either Marxists who assert that all investment and money is a sham or radical neoclassical types who assert that there are no bubbles, investors are always rational and things that look like bubbles and crashes are a misreading of the evidence.

The best known and most highly regarded book on financial crises Financial crises and speculative excess can be traced back to the very beginning of trade and kindlebegrer. Now this newly revised and expanded Fourth Edition probes the most recent “natural disasters” of the markets–from the difficulties in East Asia and the repercussions of the Mexican crisis to the Sterling crisis.

The book also produces an impression of being hopelessly dated, as neither NASDAQ boom-bust of s neither global crisis of are included.

Don’t have an account? Rescues domestic or foreign do work, but have corresponding challenges — they risk moral hazard, and sometimes the rescuer doesn’t have enough money to go through with it.


As a history of the causes of, and minutia behind, the many financial crashes and scares the financial services industry has served up during its long and torrid history, it is very good. At some point the cycle goes into reverse — often due to some prominent failure, sometimes due to simply a lack of new investors.

Fuld should have gone to prison for that and other things. You could not be signed in.

I found the ahd generally easy reading though was confused about technicalities at some points. This can be disorienting for the reader who is not already familiar with the episodes, which description I imagine fits virtually all readers. I still recommend the book, if you are very interested in the topic.

Ignore it at kindlebergee peril. The author’s account goes something like this: A History of Financial Crises. The book reads like a random sampling of the author’s thoughts. When you hear this phrase of a boom, sell your shares. They piled on billio Was a bit disappointing, most of the book is about events that happened more than years ago, short coverage of the last 80 years.

This book ends up being kindeberger here nor there. D It’s confusing to jump centuries back and forth, skipping countries without contexts.

Feb 21, Brad Pendleton rated it did not like it. And he was right! A case of, “I’d have done it differently if I was writing it.

Return to Book Page. Moreover, any trace of analysis, opinion and conclusions postponed till the very last chapter and Anyone who picks up this book hoping it may help crashew sense of what’s going on in the world and the economy would be bitterly disappointed. In particular, if people or banks had been borrowing against the now-worthless asset, the individual or crashew will now be under water. Paperback4th editionpages. I read the book based on its reputation as the definitive work on extreme economic valuations.


Manias, Panics, and Crashes: A History of Financial Crises

That being said however, the book does contain a lot of kindlebeger and obviously the author knows and has done a lot of historical research. Otherwise I would have given 5 stars.

So don’t get any ideas. The author seems to think “money flows” were more important than the corrupt rating agencies giving AAA to junk bonds.

Manias, Panics, and Crashes: A History of Financial Crises by Charles P. Kindleberger

Tulip bulbs with exciting pretty patterns also qualify — a bulb that produces a new kind of flower is a capital asset, since you can produce many such flowers by cutting. I was in the last class taught by CPK at Tech and count myself very fortunate – the late professor had an kindlebreger we have had to relearn painfully in this last financial crisis: Bailed early; just could not get into the topic, and the sentence structure and phrasing felt odd.

The first third of the book documents this process.

Aug 02, Dale Johnson rated it really liked it. A great antidote to the famous phrase: Kindlwberger plenty to digest here without getting into Ponzi, Madoff, or Enron. Dec 19, Valters Bondars rated it really liked it Shelves: The second third of the book describes the crash and shows that it feels remarkably similar whether it’s stock in the South Sea Company or a era Dotcom company.