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Friday, January 8, 2010

The Madness of Crowds



This book is a classic, but still deserves a plug. Perhaps the best book ever about economic hysteria -- the .com bubble, the housing bubble, the Madoff bubble, the "MLMs are sweeping America!" bubble, etc., etc., -- is still Charles Mackay's Extraordinary Popular Delusions and the Madness of Crowds. Not only is it extremely informative, it is fun to read.

2 Comments:

At January 9, 2010 at 1:30 AM , Blogger Andy said...

Absolutely agree with your recommendation of this book.

Best of all, since it is no longer under copyright in the US you can download and read it for free from gutenberg.org:

http://www.gutenberg.org/browse/authors/m#a516

 
At May 2, 2016 at 3:13 AM , Blogger Ted said...

I prefer the original spelling, "... and the Madness of Krauts." It just conjures up far goofier imagery. (No, seriously. That was the title.)

 

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