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This review of John Kenneth Galbraith’s book “A Short History of Financial Euphoria” documents history’s lessons for financial decision makers. A Short History of Financial Euphoria by John Kenneth Galbraith, , available at Book Depository with free delivery worldwide. A Short History of Financial Euphoria. John Kenneth Galbraith, Author Viking Books $16 (p) ISBN

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Dec 02, Robert Karl rated it it was amazing. The assets continue ap A wonderful quick read that can be finished in one sitting. To see what your friends thought of this book, please sign up. I do love JK Galbraiths melodious writing style, his eloquence and timbre make you not want to stop reading. Fourth, when a crash comes, the explanation tends to be located in handy scapegoats e. Seven Brief Lessons on Physics.

Anything that goes up must come down – and this has been repeating over again in history. The assets continue appreciating, as does the debt financing those assets, creating a virtuous cycle 5. During World War II he served as deputy head of the Office of Price Administration, charged with preventing inflation from crippling the war efforts, and also served as the US Ambassador to India during the Kennedy administration.

When Breath Becomes Air. A quick, witty, slightly sarcastic, entertaining and very informative big-picture view of the remarkably similar and predictable mistakes of collective human behavior that leads to, perpetuates, doesnt notice, and sufers market boom bust sequences. His The Great Crash of is an excellent bit of descriptive writing and this short book is another riff on its themes. At first there is some profitable opportunity that captures the mind of a group.

Especially fascinating to have read this against the backdrop of the dramatic rise and fall of cryptocurrencies. We’ll publish them on our site once we’ve reviewed them.

How can people be so willing to get caught up in the mania of speculation when history tells us that a collapse is almost sure to follow? The anatomy of the bubble is often predictable.


Travels in the New Third World. All economists I’ve read so far have sounded so, so annoyed? The Scientific Secrets of Perfect Timing. If we’re looking for the source of the next financial catastrophe, then look no further than — the public endorsement of bullshit artists, partisanship, a growing national debt, frivolous tax cuts, frivolous tariffs, fiscal easing without end, and an abandonment of science.

A Short History of Financial Euphoria : John Kenneth Galbraith :

Second, each wave of new financial instruments is billed as unprecedented and novel and therefore exempt from the failings of earlier ones although in fact they are nothing but recycled ideas in new clothes. Although first published inthis elegant little book could have been written yesterday. His style is so engaging it leaves you wanting more, but the book fairly skirts over most of the interesting episodes it chronicles, never really getting into Its not so much a bool, its an essay in bool form, but the blurb does confirm this.

At different points in his life he taught at both Harvard and Princeton, and wrote more than forty books on an array of economic topics. Very few, however, true innovations ever occur, and most of these apparent innovations involve the creation of debt. Exceptional The author provides an easy to understand explanation of some of history’s most memorable bubble bursts.

Goodreads helps you keep track of books you want to read. The meaning of leverage can be truly understood on reading this book.

A Legacy of Spies. On a separate but related note.

My accountant husband urged me to read it after I failed to read another book of Galbraith’s–The Great Crash, I believe it was. Perhaps in this day and age, it is wise to ask ourselves how many kennetu the described commonalities of all big financial euphorias apply to the present situation on the stock market and in the hsitory.

No trivia or quizzes histoory. On the one hand those who are believers and are convinced that a new world of immediate wealth has been born, on the other hand those who think that the price rises are unsustainable but intend to ride the wave and exit when the crash approaches.


May 16, James rated it it was amazing. Would you like us to take another look at this review? Galbraith’s essay pales in comparison with the exhaustiveness of, for instance, Kindleberger’s history of panics, and it’s not a substitute for those more extensive books.

Finsncial reviews the aspects of human nature and the economy that allow us to constantly go into boom and bust cycles. Rich Dad Poor Dad. First, collective memories of financial debacles tend to be very short; therefore, each new generation of financial “wizards” can effectively start over with a blank slate. The Signal and the Noise.

That seems to be the pattern of financial boom and bust. I recommend this book if jhn want some insight into how greed and hubris affects markets again and again.

I don’t know everything about Mr. Truth is stranger than any fiction. Apr 22, Laura Kyahgirl rated it really liked it Shelves: A new generation of financiers “invents” a few ways to finance those assets 4.

You submitted the following rating galbralth review. First, it runs counter to the presumption that wealth is associated with intelligence. If you believe you can make huge money in markets, you must read this book to temper your optimism. Among his most famous works was his economics trilogy John Kenneth Galbraith was a Canadian-American economist.

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The book is as with most of his stuff, just too darn short, and its strange to say that as this is not a criticism often aimed at economics writers. John Kenneth Galbraith was a Canadian-American economist. As ever, Galbraith is clear, concise and persuasive: Whereas you know the conclusions he draws are the correct ones, at the same time its not quite enough to believe him.

The Obstacle Hisfory the Way.