Synopses & Reviews
"Sometime in the next five years you may kick yourself for not reading and re-reading Kindlebergers Manias, Panics, and Crashes." Paul A. Samuelson, Institute Professor Emeritus, Massachusetts Institute of Technology
"One never picks up a work by Charles Kindleberger without anticipating a feast of entertainment. But underneath the hilarious anecdotes, the elegant epigrams, and the graceful turns of phrase, Kindleberger is deadly serious. The manner in which human beings earn their livings is no laughing matter to him, especially when they attempt to do so at the expense of one another." from the Foreword by Peter L. Bernstein, author of Against the Gods and The Power of Gold
Praise for Manias, Panics, and Crashes
"Classic. . . . Manias, Panics, and Crashes is a durable guide to meditation: wise, witty, and practical. It is a template against which to measure the latest financial crisiswhatever and whenever that happens to be." David Warsh, Boston Globe
"Definitive." Floyd Norris, New York Times
"Menacing..." The New Yorker
"[Manias, Panics, and Crashes] is a scholarly account of the way that mismanagement of money and credit has led to financial explosions over the centuries."Richard Lambert, Financial Times
"This book sparkles with the best of Kindlebergers wit, insight, and passion for financial history. A real delight."Robert Z. Aliber, Professor of International Economics and Finance, University of Chicago, Graduate School of Business
"What long has been the best history of financial pathologies is now even better. The reader who absorbs Kindlebergers lessons will be prepared to foresee and navigate the financial crises that surely lie ahead. Like a true classic, Manias, Panics, and Crashes is both timely and timeless." Richard Sylla, Kaufman Professor of Financial History, Stern School of Business, New York University
Review
"what will strike the reader is the book's remarkable relevance to current events"...(Sunday Times, 19 August 2001)
"?pretty well the last word on the subject?"(Financial Times, 12 October 2002)
Synopsis
The best known and most highly regarded book on financial crises
Financial crises and speculative excess can be traced back to the very beginning of trade and commerce. Since its introduction in 1978, this book has charted and followed this volatile world of financial markets. Charles Kindleberger's brilliant, panoramic history revealed how financial crises follow a nature-like rhythm: they peak and purge, swell and storm. Now this newly revised and expanded Fourth Edition probes the most recent "natural disasters" of the markets--from the difficulties in East Asia and the repercussions of the Mexican crisis to the 1992 Sterling crisis. His sharply drawn history confronts a host of key questions.
Charles P. Kindleberger (Boston, MA) was the Ford Professor of Economics at MIT for thirty-three years. He is a financial historian and prolific writer who has published over twenty-four books.
Synopsis
Finance
"Underneath the hilarious anecdotes, the elegant epigrams, and the graceful turns of phrase, Kindleberger is deadly serious. The manner in which human beings earn their livings is no laughing matter to him, especially when they attempt to do so at the expense of one another. As he so effectively demonstrates, manias, panics, and crashes are the consequence of an economic environment that cultivates cupidity, chicanery, and rapaciousness rather than a devout belief in the Golden Rule."
from the Foreword to the Fourth Edition by Peter L. Bernstein,
author of Against the Gods and The Power of Gold
Praise for previous editions of Manias, Panics, and Crashes
"Classic...Manias, Panics, and Crashes is a durable guide to meditation: wise, witty, and practical. It is a template against which to measure the latest financial crisiswhatever and whenever that happens to be."
David Warsh, The Boston Globe
"Definitive."
Floyd Norris, The New York Times
"[Manias, Panics, and Crashes] is a scholarly account of the way that mismanagement of money and credit has led to financial explosions over the centuries."
Richard Lambert, Financial Times
"What long has been the best history of financial pathologies is now even better. The reader who absorbs Kindleberger's lessons will be prepared to foresee and navigate the financial crises that surely lie ahead. Like a true classic, Manias, Panics, and Crashes is both timely and timeless."
Richard Sylla, Kaufman Professor of Financial History
Stern School of Business, New York University
Synopsis
A scholarly and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries. Covering such topics as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has been hailed as "a true classic...both timely and timeless." The updated fifth edition expands upon each chapter, and includes two new chapters covering significant crises of the last fifteen years around the world.
About the Author
CHARLES P. KINDLEBERGER was the Ford Professor of Economics at MIT for thirty-three years. He is a financial historian and prolific writer who has published thirty books. Manias, Panics, and Crashes is his most popular book.
Table of Contents
Introduction.
Foreword by Peter L. Bernstein.
Financial Crisis: A Hardy Perennial.
Anatomy of a Typical Crisis.
Speculative Manias.
Fueling the Flames: Monetary Expansion.
The Emergence of Swindles.
The Critical Stage.
Domestic Contagion.
International Contagion.
Letting It Burn Out, and Other Devices.
The Lender of Last Resort.
The International Lender of Last Resort.
Conclusion: The Lessons of History.
Appendices.
Notes.
Index.