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Sunday, 25 September 2011
Famous First Bubbles Reviews
Author: Peter M. Garber Edition: Reprint Publisher: The MIT Press Binding: Paperback ISBN: 0262571536 Price: You Save: 46%
Famous First Bubbles: The Fundamentals of Early Manias
The jargon of economics and finance contains numerous colorful terms for market-asset prices at odds with any reasonable economic explanation.Famous First Bubbles review. Examples include "bubble," "tulipmania," "chain letter," "Ponzi scheme," "panic," "crash," "herding," and "irrational exuberance." Although such a term suggests that an event is inexplicably crowd-driven, what it really means, claims Peter Garber, is that we have grasped a near-empty explanation rather than expend the effort to understand the event.In this book Garber offers market-fundamental explanations for the three most famous bubbles: the Dutch Tulipmania (1634-1637), the Mississippi Bubble (1719-1720), and the closely connected South Sea Bubble (1720). He focuses most closely on the Tulipmania because it is the event that most modern observers view as clearly crazyRead full reviews of famous first bubbles: the fundamentals of early manias peter m. garber.
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The jargon of economics and finance contains numerous colorful terms for market-asset prices at odds with any reasonable economic explanation. Examples include "bubble," "tulipmania," "chain letter," "Ponzi scheme," "panic," "crash," "herding," and "irrational exuberance." Although such a term suggests that an event is inexplicably crowd-driven, what it really means, claims Peter Garber, is that we have grasped a near-empty explanation rather than expend the effort to understand the event. In th
author peter m garber format paperback language english publication year 03 10 2001 subject management business economics industry subject 2 economics professional general title famous first bubbles the fundamentals of early manias author peter m garber publisher mit pr publication date oct 03 2001 pages 176 binding paperback edition reprint dimensions 5 25 wx 7 75 hx 0 50 d isbn 0262571536 subject business economics economics general description the jargon of economics and finance contains nu
Powered by Frooition Pro Click here to view full size. Full Size Image Click to close full size. Famous First Bubbles - Book NEW Author(s): Peter M. Garber Format: Paperback # Pages: Unknown ISBN-13: 9780262571531 Published: 10/01/2001 Language: English Weight: 0.44 pounds Brand new book. About Us Payment Shipping Customer Service FAQs Welcome to MovieMars All items are Brand New. We offer unbeatable prices, quick shipping times and a wide selection second to none. Purchases come with a 30-day
Examples include "bubble," "tulipmania," "chain letter," "Ponzi scheme," "panic," "crash," "herding," and "irrational exuberance." Although such a term suggests that an event is inexplicably crowd-driven, what it really means, claims Peter Garber, is that we have grasped a near-empty explanation rather than expend the effort to understand the event.In this book Garber offers market-fundamental explanations for the three most famous bubbles: the Dutch Tulipmania (1634-1637), the Mississippi Bubble (1719-1720), and the closely connected South Sea Bubble (1720). He focuses most closely on the Tulipmania because it is the event that most modern observers view as clearly crazy. Comparing the pattern of price declines for initially rare eighteenth-century bulbs to that of seventeenth-century bulbs, he concludes that the extremely high prices for rare bulbs and their rapid decline reflects normal pricing behavior. In the cases of the Mississippi and South Sea Bubbles, he describes the asset markets and financial manipulations involved in these episodes and casts them as market fundamentals.
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