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

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Palgrave Macmillan, Sep 27, 2011 - Business & Economics - 356 pages
23 Reviews

Selected as one of the best investment books of all time by the Financial Times, Manias, Panics and Crashes puts the turbulence of the financial world in perspective. Here is a vivid and entertaining account of how reckless decisions and a poor handling of money have led to financial explosions over the centuries. Covering topics such as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has been hailed as "a true classic . . . both timely and timeless." In this new, updated sixth edition, Kindleberger and Aliber expand upon the ideas presented in the previous edition to bring the history of the financial crisis up-to-date.  It now includes two new chapters that provide an in-depth analysis of the causes, consequences and policy responses to the first global crisis of the 21st century, the Financial Crisis of 2007-2008.  In addition, these new chapters also cover significant crises of the last fifteen years.  The authors offer valuable lessons that will allow the reader to successfully navigate the financial crises of today and ones that lie ahead.

  

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

User Review  - Jadd Khayat - Goodreads

Manias, Panics and Crashes reads exactly like a textbook. The book is bland, bone dry and a difficult read. The author superficially go over tons and tons of information, but doesn't go into much ... Read full review

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

User Review  - Ed Terrell - Goodreads

"There is nothing as disturbing to one's well being and judgment as to see a friend get rich." First witten in 1978 but this edition in 2005, is current enough that a close reading identifies the ... Read full review

Contents

aHardy Perennial
1
2 The Anatomy of a Typical Crisis
26
3 Speculative Manias
39
the Expansion of Credit
62
5 The Critical Stage When the Bubble Is About To Pop
84
6 Euphoria and Paper Wealth
107
Frauds Swindles and the Credit Cycle
117
8 International Contagion 16181930
154
11 The Domestic Lender of Last Resort
213
12 The International Lender of Last Resort
229
13 The Lehman Panic An Avoidable Crash
257
14 The Lessons of History
273
15 Epilogue 20102020
297
Appendix
302
Notes
312
Index
343

Mexico City to Tokyo to Bangkok to New York London and Reykjavik
170
Benign Neglect Exhortation and Bank Holidays
191

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About the author (2011)

Charles P. Kindleberger (1910 – 2003) was the Ford Professor of Economics at MIT for 33 years. He was a financial historian and prolific writer who has published 30 books.   Robert Aliber is Professor Emeritus of International Economics and Finance at the University of Chicago Graduate School of Business, where he has been a faculty member since 1965. His books include The New International Money Game, (Palgrave Macmillan) now in its seventh edition, as well as the book Your Money and Your Life.

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