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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Table of contents The speculative episode; the common denominators; the classic cases I – the tulipomania, John Law and the Banque Royale; The classic cases II – the bubble; the American tradition; ; October redux; reprise.

At first there is some profitable opportunity that captures the mind flnancial a group. A quick and informative if not oversimplified essay highlighting key moments of speculation in financial history and their inevitable reoccurance brought on by short term memory and extreme optimism.

Aug 11, Roger rated it really liked it.

Anything that goes up must come down – and this has been repeating over again in history. 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. Galbrath about pages, it is a book that even high schoolers could read and benefit from. Jan 04, Tirath rated it really liked it. Oct 26, Justin Lee rated it really liked it Shelves: Finally, all financial bubbles include the creation of debt in some form.

For the same reasons I didn’t much like Animal SpiritsI find the total reliance on group psychology unsatisfactory. I recommend this book if you want some insight into how greed and hubris affects markets again and again. Lincoln in the Bardo. The Making of Hostory Economics.


Exceptional The author provides kneneth easy to understand explanation of some of history’s most memorable bubble bursts. The writing is clear, concise and often caustic.

A Short History of Financial Euphoria by John Kenneth Galbraith | : Books

July 1, Imprint: Aug 25, Chuck rated it liked it. But it’s much better written and digestible than those longer treatments, and so it’s more likely that lay readers read it through. Although first published inthis elegant little book could have been written yesterday. In this primer, the renowned economist John Kenneth Galbraith reviews the major speculative episodes of the last three centuries – from the 17th century tulip craze to the calamitous junk-bond follies of the s. The references kenheth Mr.

Jul 25, John rated it liked it Shelves: His books on economic topics were bestsellers in the s and s.

Written in and updated in providing a good view of the repetitive nature of bubbles. Just a moment while we sign you in to your Goodreads account.

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Sep 09, Ravi Abhyankar rated it really liked it. The common theme in all the financial crashes has been greed and baseless speculation. Galbraith shows that people have not learned from previous cycles of boom and bust; he does not expect that most will ever learn. A Life in Our Times. Second, the price goes up. Feb 16, Shkrt rated it really liked it. If you believe you can make huge money in markets, you must read this book to temper your optimism.


Very few, however, true kenjeth ever occur, and most of these apparent innovations involve the creation of debt. Check out the top books of the year on our page Best Books of 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. But Galbraith makes some good points.

About John Kenneth Galbraith. A simple, concise book on the euphoria of crowds. This is the second book I’ve read in a zhort time about financial manias, and it’s an important one. The Best Books of 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.

Dispatched from the UK in 2 business days When will my order arrive? Chi ama i libri sceglie Kobo e inMondadori. Among his most famous works was his economics ephoria