In this book, Charles Mackay discusses the irrational behaviors of crowds in the economy, war and magic. He gives several different examples of market bubbles, such as the Mississippi Scheme and the infamous Tulip Mania in the Netherlands. Ever since it was written, investors have used it as a guide to help identify boom and bust cycles. Extraordinary Popular Delusions and The Madness of Crowds has had an important influence on economists in understanding of crowd psychology and feedback loops.
The Crowd & Extraordinary Popular Delusions and the Madness of Crowds
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In this book, Charles Mackay discusses the irrational behaviors of crowds in the economy, war and magic. He gives several different examples of market bubbles, such as the Mississippi Scheme and the infamous Tulip Mania in the Netherlands. Ever since it was written, investors have used it as a guide to help identify boom and bust cycles. Extraordinary Popular Delusions and The Madness of Crowds has had an important influence on economists in understanding of crowd psychology and feedback loops.
Extraordinary Popular Delusions and the Madness of Crowds is a history of popular folly by Charles Mackay. The book chronicles its targets in three parts: "National Delusions," "Peculiar Follies,"...
If you've ever wondered where popular catch phrases and slang comes from or why men's beards go in and out of fashion, then this book is for you. How often do you come across a book that can explain...
If you've ever wondered where popular catch phrases and slang comes from or why men's beards go in and out of fashion, then this book is for you. How often do you come across a book that can explain...
"We find those whole communities suddenly fix their minds upon one object and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it”…Does...
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