WOULD YOU SELL EVERYTHING YOU
OWN TO INVEST YOUR MONEY IN TULIP BULBS?
With all the financial
know-how and experience of the wizards on Wall Street and elsewhere, how is it that the
market still goes boom and bust? 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? In
this wise and entertaining primer, the world-renowned economist John Kenneth Galbraith
reviews the major speculative episodes of the last three centuries, from the
seventeenth-century tulip craze to the calamitous junk-bond follies of the 1980s. His
insights provide important lessons on speculative economics-and demonstrate conclusively
that money and intelligence are not necessarily linked.
"Irreverent analyses of
financial debacle"-The Atlantic
ISBN: 0-14-023856-5
116 pages