Manias, Panics, and Crashes
Robert Z. Aliber is Emeritus Professor of International Economics and Finance at the University of Chicago Booth School of Business in the United States. He was the director of the Center for Studies in International Finance, a member of the research staff for the Committee for Economic Development and the Commission on Money and Credit, and a senior economic counselor for the United States Department of State's Agency for Economic Development.
For 33 years, Charles P. Kindleberger was the Ford Professor of Economics at MIT and the author of nearly 30 books. He was best recognized as a financial historian, dubbed "the maestro of the field" on financial crises by the Economist.
Following the most recent global market crises, this seventh edition of an investment classic has been substantially reworked and enlarged. Renowned economist Robert Z. Aliber proposes that recent global financial crises are not isolated events, but rather symptoms of fundamental instability in the international economy.
Kindleberger is deadly serious beneath the amusing anecdotes, exquisite epigrams, and graceful turns of words. To him, the way humans earn their living is no funny matter, especially when they try to do it at the expense of one another. As he so convincingly explains, manias, panics, and collapses are the result of an economic system that fosters cupidity, chicanery, and rapacity rather than a fervent belief in the Golden Rule. In Manias, Panics, and Crashes, the volatility of 2007-8 reminded us, all too vividly, that financial crises do not occur in remote times and locations. The story is brought right up to date in this new version of Charlie Kindleberger's classic study of man's recurrent financial follies, updated by Robert Aliber. A wealth of knowledge not only for finance and economics students, but also for central bankers and financial market practitioners
Author: Robert Z. Aliber and Charles P. Kindleberger
Link to buy: https://www.amazon.com/Manias-Panics-Crashes-History-Financial/dp/1137525754/
Ratings: 4.2 out of 5 stars (from 208 reviews)
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