eBook - ePub

Bubbles, Crashes and Financial Disasters

Name: Bubbles, Crashes and Financial Disasters
ISBN: 9781035836130

Ralph Lyons,

298 pages
English
ePUB (mobile friendly)
Available on iOS & Android

eBook - ePub

Bubbles, Crashes and Financial Disasters

Ralph Lyons,

About this book

At regular intervals since the early modern age, the get rich quick syndrome has swept millions of credulous souls to the very extremes of ambition and greed in their desire to amass wealth. The symptoms of such behaviour have often appeared during the build-up to a market crash, when months or even years of gains have been wiped out in hours. This is referred to as the 'boom and bust scenario' in which there is an economic bubble, followed by a crash. In this book we examine several of the remarkable events that have occurred between the seventeenth century and present day, which culminated in enormous monetary loss for the public, or even the collapse of their national economy. Following the Great Crash of 1929, and some of the instances depicted from the 1980s onwards, the seismic effects were felt globally. Today, we live in a highly sophisticated world of economic regulation, financial manipulation, and the extensive application of fiscal policy. Despite this, economic bubbles still seem to evolve from invisible beginnings, grow rapidly out of control, and then fragment into a melee of problems for modern-day society. It is widely believed that the random forces of human nature are responsible, as they spiral out of control during periods of heady speculation, whilst a few share a different view. They feel that large economic bubbles are non-organic, as they are engineered by the financial system itself. The latter is an interesting possibility – and one we shall certainly consider as we take a light-hearted journey through the subject matter of this book.

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Yes, you can access Bubbles, Crashes and Financial Disasters by Ralph Lyons in PDF and/or ePUB format, as well as other popular books in Economics & Economic History. We have over one million books available in our catalogue for you to explore.