Famous First Bubbles: The Fundamentals of Early Manias
Famous First Bubbles: The Fundamentals of Early Manias by The MIT Press at HYIP Offer. Hurry! Limited time offer. Offer valid only while supplies last. The jargon of economics and finance contains numerous colorful terms for market-asset prices at odds with any reasonable economic explanation.
In this book Garber offers market-fundamental explanations for the three most famous bubbles: the Dutch Tulipmania (1634-1637), the Mississippi Bubble (1719-1720), and the closely connected South Sea Bubble (1720). He focuses most closely on the Tulipmania because it is the event that most modern observers view as clearly crazy. Comparing the pattern of price declines for initially rare eighteenth-century bulbs to that of seventeenth-century bulbs, he concludes that the extremely high prices for rare bulbs and their rapid decline reflects normal pricing behavior. In the cases of the Mississippi and South Sea Bubbles, he describes the asset markets and financial manipulations involved in these episodes and casts them as market fundamentals.
|Manufacturer:||The MIT Press|
|Publisher:||The MIT Press|
|Studio:||The MIT Press|
|Item Size:||0.75 x 8.25 x 8.25 inches|
|Package Weight:||0.79 pounds|
|Package Size:||5.68 x 0.73 x 0.73 inches|