Manias, panics and crashes - Charles P. Kindleberger

"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." – from the Foreword by Peter L. Bernstein author of Capital Ideas: The Improbable Origins of Modern Wall Street Originally written in 1978, Manias, Panics, and Crashes is still the best known and most highly regarded book on financial crises. From the currency devaluation in the Holy Roman Empire in 1618, through the California gold rush of the 1840s and '50s, all the way up to the crash of 1987 and last year's Peso devaluation, Manias, Panics, and Crashes reminds us that with regard to excess, greed, crisis, and money–what goes around still comes around.

Acclaim for Manias, Panics, and Crashes

"[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

"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 crisis–whatever and whenever that happens to be." –David Warsh, The Boston Globe

"Manias, Panics, and Crashes glistens among the classic books on economics and finance." –S. Jay Levy, Chairman, The Jerome Levy Economics Institute of Bard College

"This book sparkles with the best of Kindleberger's 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