The world-renowned economist offers “dourly irreverent analyses of financial debacle from the tulip craze of the seventeenth century to the recent plague. This review of John Kenneth Galbraith’s book “A Short History of Financial Euphoria” documents history’s lessons for financial decision makers. A Short History of Financial Euphoria. John Kenneth Galbraith, Author Viking Books $16 (p) ISBN

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Finally, all financial bubbles include the creation of debt in some form. Episodes of financial euphoria and their harsh consequences are a so-far inescapable consequence of capitalism.

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Galbraith was right to predict that 20 years was all it took to forget Galbraith’s style reminds me of the intellectuals I was always tripping over at the University but he’s quite readable.

First, it runs counter to the presumption that wealth is associated with intelligence.

This book was referenced several times in “Juggling Dynamite” so I thought I’d check it out. The Best Books of Really worth a read, most insightful and somewhat sobering.

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A Short History of Financial Euphoria

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Sep 09, Ravi Abhyankar rated it really liked it. Oct 26, Justin Lee rated it really liked it Shelves: The Book of Dust: Third, people wrongly tend to equate money with intelligence: Paperbackpages. No trivia or quizzes yet. Jul 25, John rated it liked it Shelves: As ever, Galbraith is clear, concise and persuasive: Book ratings by Goodreads.

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Could have been written in July For all the fuss about bankers sincelittle popular flak has been directed at central bankers. He starts around the time of “Tulipomania” in the s and goes right up through the 20th centu This book was referenced several times in “Juggling Dynamite” so I thought I’d check it out.

If we’re looking for the source of the next financial catastrophe, then look no further than gqlbraith the public endorsement of bullshit artists, partisanship, a growing national debt, frivolous tax cuts, frivolous tariffs, fiscal easing without end, and an abandonment of science.

Galbraith, where is your simple, coherent wisdom when we need it most? Would you like us to take another look at this review? The speculative period is prolonged by the fact that those participating psychologically must justify what has made them rich and has given them a feeling of being successful and intelligent persons.

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Donald Trump will also seem prescient — in kkenneth, Mr.

A Short History of Financial Euphoria by John Kenneth Galbraith

My accountant husband urged me to read it after I failed to finahcial another book of Galbraith’s–The Great Crash, I believe it was. Dec 29, Marilyn Pocius rated it it was amazing. Chi ama i libri sceglie Kobo e inMondadori. And the crowd catches the fever. Think Zhort a Freak. The title should be at least 4 characters long. The Economics of Innocent Fraud. A new generation of financiers “invents” a few ways to finance those assets 4.