1.

Record Nr.

UNINA9910455199303321

Autore

Garber Peter M

Titolo

Famous first bubbles [[electronic resource] ] : the fundamentals of early manias / / Peter M. Garber

Pubbl/distr/stampa

Cambridge, Mass., : MIT Press, c2000

ISBN

0-262-27349-7

0-585-44652-0

Descrizione fisica

xi, 163 p. : ill., map

Disciplina

332.63/228

Soggetti

Speculation - History

Tulip Mania, 1634-1637

South Sea Bubble, Great Britain, 1720

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Title from title screen.

Nota di bibliografia

Includes bibliographical references (p. [149]-153) and index.

Sommario/riassunto

The jargon of economics and finance contains numerous colorful terms for market-asset prices at odds with any reasonable economic explanation. Examples include "bubble," "tulipmania," "chain letter," "Ponzi scheme," "panic," "crash," "herding," and "irrational exuberance." Although such a term suggests that an event is inexplicably crowd-driven, what it really means, claims Peter Garber, is that we have grasped a near-empty explanation rather than expend the effort to understand the event.In this book Garber offers market-fundamental explanations for the three most famous bubbles: the Dutch Tulipmania (1634-1637), the Mississippi Bubble (1719-1720), and the closely connected South Sea Bubble (1720). He focuses most closely on the Tulipmania because it is the event that most modern observers view as clearly crazy. Comparing the pattern of price declines for initially rare eighteenth-century bulbs to that of seventeenth-century bulbs, he concludes that the extremely high prices for rare bulbs and their rapid decline reflects normal pricing behavior. In the cases of the Mississippi and South Sea Bubbles, he describes the asset markets and financial manipulations involved in these episodes and casts them as market



fundamentals.

2.

Record Nr.

UNINA9910282229703321

Titolo

Analisa : journal of social science and religion

Pubbl/distr/stampa

Semarang, Central Java, Indonesa : , : Office of Religious Research and Development Ministry of Religious Affairs Semarang, , 2016-

ISSN

2621-7120

Descrizione fisica

1 online resource

Soggetti

Religion and social problems - Indonesia

Mysticism - Indonesia

Mysticism

Religion

Religion and social problems

Periodicals.

Indonesia Religion Periodicals

Indonesia

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Periodico

Note generali

Refereed/Peer-reviewed