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A Short History of Financial Euphoria

by John Kenneth Galbraith

		Publisher: Penguin Group (USA) Pub. Date: 1994 ISBN: 9780140238563 No. pages: 128 Category: Economics & Politics

In this summary you will learn

Why market collapses happen and how they unfold
How financial speculation works
How some early speculative debacles occurred

Why you should read A Short History of Financial Euphoria

John Kenneth Galbraith’s short, literary book on financial speculation and the inevitability of subsequent economic catastrophe contends that devastating financial collapse is built into the free-enterprise system – an idea as intriguing today as it was when this book debuted in the mid-1990s. The late famous economist ended this treatise with a chilling question: “When will come the next great speculative episode and in what venue will it recur?” Everyone now knows the answer to that question all too well. Alarmingly, according to Galbraith, the travails that capitalist economies are now grimly experiencing will recur over and over. getAbstract suggests that anyone who wants to understand the kinks in the system – and human nature – that will continue to lead to hugely devastating, economic train wrecks should read Galbraith’s book.

About the Author

World-famous economist John Kenneth Galbraith taught at Harvard and Princeton, and wrote more than 40 books. He served as U.S. Ambassador to India for President John F. Kennedy. Galbraith died in 2006.

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