Manias, Panics and Crashes
- Charles P. Kindleberger
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Manias, Panics and Crashes is written by Charles P. Kindleberger and published by . It's available with International Standard Book Number or ISBN identification 033367040X (ISBN 10) and 9780333670408 (ISBN 13).
Economists mostly believe that financial markets are ruled by rationality after intelligent investors digest all the relevant information. Economic historians concede that this is generally the case but that, on occasion, these markets get caught up in herd behaviour, possibly irrational enough to be called manias, overdo bidding asset prices up, leading to consequent and subsequent collapse.
