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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In the event, I decided against it. That being said however, the book does contain a lot of information and obviously the author knows and has done a lot of historical research.
Dec 19, Valters Bondars rated it really liked it Shelves: I also think some more perspective on why credit bubbles get in This book was referred to by another book I’ve been reading.
Quotes from Manias, Panics, a If you take the time to work your way through this book you will come away aand a more sophisticated understanding of words such as “credit””liquidity” and “asset prices” and how they are interrelated. While other worthy tomes, such as “History of Financial Disasters in 3 Volumes” cover much of the same material, the original organization of Kindleberger’s work is what commends it.
Be the first to ask a question about Manias, Panics, and Crashes. Interesting book, Kindlebetger would have been able to appreciate it more if I had a better grounding in economic and monetary theory. Oct 29, Void lon iXaarii rated it it was ok. From time to time the price of some class of assets starts to rise and people get excited.
Manias, Panics, and Crashes: A History of Financial Crises by Charles P. Kindleberger
chatles There’s plenty to digest here without getting into Ponzi, Madoff, or Enron. Mar 05, Jennifer rated it it was ok Shelves: At some point the cycle goes into reverse — often due to some prominent failure, sometimes due to simply a lack of new investors. Aug 02, Dale Johnson rated it really liked it. Feb 13, Ernie Lavagetto rated it it was amazing.
As often is the case in government intervention advocacy situations, the focus is on those seen, and the things that can be measured by those in power, but not the i believe bigger hurt to those denied or hurt on the sidelines, be they businesses crowded out i’m sure there are many industries who would like that amount of government help and support or individuals who’s savings are inflated away because somebody has to pay for all those shock and awe interventions.
So don’t get any ideas. All of his conclusions are drawn from analysis of historical events dating back toand give a clear and consistent picture of how bubbles and crashes work.
Kindleberger is bone dry, and his goal is mainly to analyze common features of bubble cycles.
Manias, Panics, and Crashes: A History of Financial Crises
I read this book as background research for my economics dissertation. Aug 10, Andrew rated it it was ok. Manias, Panics, and Crashes: I gave him 4 stars because some of the historical stuff especially in nad 8 got into plain list mode, without enough explanation, as if he felt he was part of a larger discussion the reader was not privy too. American Historical Association members Sign in via society site.
Many times it felt like an endless list of historical examples that illustrate an idea.
The book is not written for a general audience and some of the econ jargon gave me trouble as a non-specialist but it’s not insurmountable. Return to Book Page. Books by Charles P. But in fact, Kindleberger uses the generic “crisis anatomy” as the structure of the book, touching on each episode only as it relates to a given part of the anatomy.
May 20, J rated it really liked it. Charles Kindleberger’s brilliant, panoramic pabics revealed how financial crises follow a nature 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 commerce.
Lists with This Book. The book reads like a random sampling of the author’s thoughts. This is a classic book in the financial world, but Kindleberter was somewhat disappointed with it. This book was referred to by another book I’ve been reading.
Fuld jindleberger have gone to prison for that and other things. Related articles in Google Scholar. But a word of caution to the lay-reader: Econometricians among my friends tell me that rare events such as panics cannot be dealt with by the normal techniques of regression, but have to be introduced exogenously as “dummy variables.
This article is also available for rental through DeepDyve. The edition reads like a playbook for the collapse and bailout of of Often there is some good reason for this — railroads, canals, nanias companies and so forth are real productive assets and people realize at some point that they have been pre Written by an eminent economic historian, this book outlines what I believe is the standard view of bubbles, crashes and financial panics — three closely related but not identical topics.
You will also come to understand how basic human nature rather than complex financial strategies underlie decisions which repeatedly cycle from beneficial to disastrous consequences chaarles humanity.
I didn’t like the style.