This short book should be a must read for all those involved in our financial institutions. No matter what your political leanings or economic beliefs might be, there is no denying that Galbraith is a brilliant writer. In this humorous and thoughtful book, he traces the investor "herd A Short History of Financial Euphoria.
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This short book should be a must read for all those involved in our financial institutions. No matter what your political leanings or economic beliefs might be, there is no denying that Galbraith is a brilliant writer.
In this humorous and thoughtful book, he traces the investor "herd A Short History of Financial Euphoria. John Kenneth Galbraith. The world-renowned economist offers "dourly irreverent analyses of financial debacle from the tulip craze of the seventeenth century to the recent plague of junk bonds.
He earned a PhD at the University of California in and later took a fellowship at Cambridge, where he first encountered Keynesian economics. At different points in his life he taught at both Harvard and Princeton, and wrote more than forty books on an array of economic topics.
During World War II he served as deputy head of the Office of Price Administration, charged with preventing inflation from crippling the war efforts, and also served as the US Ambassador to India during the Kennedy administration.
He passed away in
A Short History of Financial Euphoria by John Kenneth Galbraith
John Kenneth Galbraith journeys through the recurring theme of speculative mania and financial ruin inherent in markets, His big picture view describes the common features associated with most euphoric episodes. The Notes It should be accepted that speculative euphoria and financial ruin are inherent in the system. Only a clear understanding of euphoric characteristics can help, but not a guarantee. Participants defend their vested interest. And it is equally protected by the will to ignore, exorcise, or condemn those who express doubts. The more money, the greater the genius needed to attain it.
A Short History of Financial Euphoria
He had an illustrious career in government as a public official, economist. He authored a thousand articles and four-dozen books and served 50 years as a Harvard economics professor. He died in at age Galbraith contended that financial euphoria episodes have common attributes that have occurred over and over for hundreds of years and that those types of episodes manias will continue forever.
A Short History Of Financial Euphoria
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