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

Author: Samugis Fetilar
Country: Armenia
Language: English (Spanish)
Genre: Love
Published (Last): 5 December 2015
Pages: 33
PDF File Size: 9.52 Mb
ePub File Size: 14.61 Mb
ISBN: 132-8-38990-283-5
Downloads: 54555
Price: Free* [*Free Regsitration Required]
Uploader: Vorisar

Join Kobo & start eReading today

Looking for beautiful books? His style is so engaging johj 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.

Deleveraging also occurs, creating a vicious cycle. Travels in the New Third World.

First, collective memories of financial debacles tend histoey be very short; therefore, each new generation of financial “wizards” can effectively start over with a blank slate. Chi ama i libri sceglie Kobo e inMondadori.

Are the causes of economic events such Galbraith ‘s reputation as an economist isn’t what it once was. Never Split the Difference. Galbraith was right to predict that 20 years was all it took to forget July 1, Imprint: Trivia About A Short History o I probably liked this book better than “The Ascent of Money” because of the coherence of its themes and gakbraith relevant they are for today.

The assets continue ap A wonderful quick read that can be finished in one sitting. Galbraith was writing about Trump as a failed businessman backed by bankers who should have known better; 20 years later, he is now a politician run amok backed by voters who should have know better. Whereas you know the conclusions he draws are the correct ones, at the same time its not quite enough to believe him.


All financial innovation involves in one form or another, the creation of debt secured in greater or lesser adequacy by real assets.

A Short History of Financial Euphoria : John Kenneth Galbraith :

Short book, quick read but packed with a lot of wisdom. The President Is Missing. The world-renowned economist offers “dourly irreverent analyses of financial debacle from the tulip craze of the seventeenth century to the recent plague of junk bonds.

All sort I’ve read so far have sounded so, so annoyed? No, cancel Yes, report it Thanks! We appreciate your feedback.

The central arguments of the book are these: Galbraith identifies several reasons. The Obstacle Is the Way. Paperbackpages. Also, Galbraith is entirely right to castigate the quest for ‘the’ person to blame after the bust. His insights provide important lessons on speculative economics, and demonstrate conclusively that money and intelligence are not necessarily linked.

And the crowd catches the fever. If Investor X is making all that money, he must be especially wise. The anatomy of the bubble is often predictable. Oct 26, Justin Lee rated it really liked it Shelves: Something that must always be on the mind of the enterprising investor if he wishes to succeed.

Galbraith shares his characterization of fknancial of speculation, then gives the account of a dozen such episodes, from Holland’s tulip mania to the crash of October It also comes from a sensible left-of-center perspective that I feel is both wise and sadly lacking into today’s landscape. For all the fuss about bankers sincelittle popular flak has been directed at central bankers. Published July 1st by Penguin Books first published January 1st Definitely worth picking up. Oh, and thought his discussion of the first two American central banks, regional politics, and the wildcat banks were quite interesting, but everything discussed is generally in passing; it is a sh Bit unfair to rational choice theory, but it was a different time perhaps.


The analysis of the crash seldom places any blame on the stupidity and greed and gullibility of the people who drove the bubble, for two reasons. Visit our Beautiful Books page and find lovely books for kids, photography lovers and more.

Jul 25, John rated it liked it Shelves: The In the Canadian-born, Keynesian celebrity economist, serial author, euphorix enfant terrible ,enneth producer of timeless quotations – Ken Galbraith published his now classic The Great Crash of The world-renowned economist offers “dourly irreverent analyses of financial debacle from the tulip craze of the seventeenth century to the recent plague of junk bonds. Only short-coming is that it’s very short on the prescriptive.

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.

work_outlinePosted in Life