2009 reprint of the 1852 second edition. Two volumes bound into one. Charles Mackay (1814-1889) was a Scottish poet, journalist, and song writer. He was born in Perth, Scotland. His mother died shortly after his birth and his father was by turns a naval officer and a foot soldier. He was educated at
Extraordinary Popular Delusions and the Madness of Crowds
โ Scribed by Charles Mackay
- Publisher
- Harriman House Ltd
- Year
- 2006
- Tongue
- English
- Weight
- 77 KB
- Category
- Fiction
- ISBN
- 1441600361
No coin nor oath required. For personal study only.
โฆ Synopsis
First published in 1841, Extraordinary Popular Delusions and the Madness of Crowds is often cited as the best book ever written about market psychology. This Harriman House edition includes Charles Mackay's account of the three infamous financial manias - John Law's Mississipi Scheme, the South Sea Bubble, and Tulipomania.Between the three of them, these historic episodes confirm that greed and fear have always been the driving forces of financial markets, and, furthermore, that being sensible and clever is no defence against the mesmeric allure of a popular craze with the wind behind it.In writing the history of the great financial manias, Charles Mackay proved himself a master chronicler of social as well as financial history. Blessed with a cast of characters that covered all the vices, gifted a passage of events which was inevitably heading for disaster, and with the benefit of hindsight, he produced a record that is at once a riveting thriller and absorbing historical. . .
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The following work is devoted to an account of the characteristics of crowds. Organized crowds have always played an important part in the life of peoples, but this part has never been of such moment as at present. The substitution of the unconscious action of crowds for the conscious activity of in