£5.25
On Hold
A Short History of Financial Euphoria by John Kenneth Galbraith ➤ Whittle Direct Books 1990
A Short History of Financial Euphoria: Financial Genius is Before the Fall by John Kenneth Galbraith Whittle Direct Books, 1990
Title: A Short History of Financial Euphoria: Financial Genius is Before the Fall
Author: John Kenneth Galbraith
Format: Hardcover
Publisher: Whittle Direct Books 1990
ISBN 10: 096247455X
Size: 7.25 X 10 * 85 pages
Synopsis: From the jacket: Can the lessons of history help us to avoid financial calamity? How can the investor be saved from the consequences of financial euphoria, from flights of mass insanity? Neither financial regulation nor the tenets of conventional economic wisdom can protect us from the disastrous results of euphoria, writes John Kenneth Galbraith. Instead, he says, salvation can come only from a clear understanding of "the mass psychology of the speculative mood."
With insight and wit, Galbraith reviews the common features of the great speculative episodes of the last three centuries-the 17th century tulip mania in Western Europe; the seeming wonder of the joint-stock company, now called the corporation; and, more recently, the rediscovery of leverage in the form of junk bonds. Galbraith finds that the most commonplace feature of these episodes, and many in between, is a naive belief on the part of the investing public that large sums of money are necessarily associated with persons of great intellect and financial acumen. He cautions that this association of money and intelligence is specious.
Galbraith calls this book "a hymn of caution" for good reason. He warns that the time will come when the public hails yet another financial wizard. The reader will then do well to remember the Galbraithian rule: "Financial genius is before the fall." The appearance of the next John Law, Bernie Cornfeld, or Michael Milken may well be, after all, a harbinger of disaster.
John Kenneth Galbraith is the Paul M. Warburg Professor of Economics Emeritus at Harvard University and was the U.S. am- bassador to India during the Kennedy administration. His works The Great Crash 1929, The Affluent Society, The New Industrial State, and Economics and the Public Purpose are landmarks of political and economic analysis.
Overall Condition: Very good: The book does not look new and has been read but is in excellent condition. There is no obvious damage to the cover the dust jacket (with minor wear and tear) is included. There are no missing or damaged pages, no creases or tears, and no underlining/highlighting of text or writing in the margins. It may have very minimal identifying marks on the inside cover as well as very minimal wear and tear.
Secure shipping bubble-wrapped in a new box/mailer.
2026--U.S. shipping for this (Two Pounds Media Mail) is $5.13 with tracking.
Multiple items will be combined for the lowest shipping price.
International Shipping cost is based on the destination so inquire before buying. Mobile users must scroll to the bottom and click on 'use desktop site' to bring up the Ask a Question link which sends me an email.
(PLEASE CONTACT ME BEFORE MAKING ANY PAYMENT FROM OUTSIDE THE U.S.)
==========================================================================================================================
Just about all the books are USED books. Some have been used more gently than others. Some have been in libraries and have typical library extras. Some are so old and/or interesting that they are being offered for the sake of preservation regardless of the condition they are in. If the condition of the book is very important to you, please feel free to click the 'Ask seller a question' link and I will tell you more.
=========================================================================================
Title: A Short History of Financial Euphoria: Financial Genius is Before the Fall
Author: John Kenneth Galbraith
Format: Hardcover
Publisher: Whittle Direct Books 1990
ISBN 10: 096247455X
Size: 7.25 X 10 * 85 pages
Synopsis: From the jacket: Can the lessons of history help us to avoid financial calamity? How can the investor be saved from the consequences of financial euphoria, from flights of mass insanity? Neither financial regulation nor the tenets of conventional economic wisdom can protect us from the disastrous results of euphoria, writes John Kenneth Galbraith. Instead, he says, salvation can come only from a clear understanding of "the mass psychology of the speculative mood."
With insight and wit, Galbraith reviews the common features of the great speculative episodes of the last three centuries-the 17th century tulip mania in Western Europe; the seeming wonder of the joint-stock company, now called the corporation; and, more recently, the rediscovery of leverage in the form of junk bonds. Galbraith finds that the most commonplace feature of these episodes, and many in between, is a naive belief on the part of the investing public that large sums of money are necessarily associated with persons of great intellect and financial acumen. He cautions that this association of money and intelligence is specious.
Galbraith calls this book "a hymn of caution" for good reason. He warns that the time will come when the public hails yet another financial wizard. The reader will then do well to remember the Galbraithian rule: "Financial genius is before the fall." The appearance of the next John Law, Bernie Cornfeld, or Michael Milken may well be, after all, a harbinger of disaster.
John Kenneth Galbraith is the Paul M. Warburg Professor of Economics Emeritus at Harvard University and was the U.S. am- bassador to India during the Kennedy administration. His works The Great Crash 1929, The Affluent Society, The New Industrial State, and Economics and the Public Purpose are landmarks of political and economic analysis.
Overall Condition: Very good: The book does not look new and has been read but is in excellent condition. There is no obvious damage to the cover the dust jacket (with minor wear and tear) is included. There are no missing or damaged pages, no creases or tears, and no underlining/highlighting of text or writing in the margins. It may have very minimal identifying marks on the inside cover as well as very minimal wear and tear.
Secure shipping bubble-wrapped in a new box/mailer.
2026--U.S. shipping for this (Two Pounds Media Mail) is $5.13 with tracking.
Multiple items will be combined for the lowest shipping price.
International Shipping cost is based on the destination so inquire before buying. Mobile users must scroll to the bottom and click on 'use desktop site' to bring up the Ask a Question link which sends me an email.
(PLEASE CONTACT ME BEFORE MAKING ANY PAYMENT FROM OUTSIDE THE U.S.)
==========================================================================================================================
Just about all the books are USED books. Some have been used more gently than others. Some have been in libraries and have typical library extras. Some are so old and/or interesting that they are being offered for the sake of preservation regardless of the condition they are in. If the condition of the book is very important to you, please feel free to click the 'Ask seller a question' link and I will tell you more.
=========================================================================================
