Manias, Panics and Crashes by Robert Aliber

Manias, Panics and Crashes by Robert Aliber

This sixth edition has been revised and expanded to bring the history of financial crisis up to date, covering such topics as speculative manias, the lender of last resort and the case of Lehman Brothers. This highly anticipated volume has been hailed as 'a true classic...both timely and timeless.'

'Underneath the hilarious anecdotes, the elegant epigrams, and the graceful turns of phrase, Kindleberger is deadly seriousThe manner in which humans beings earn their livings is no laughing matter to him, especially when they attempt to do so at the expense of one another. As he so effectively demonstrates, manias, panics, and crashes are the consequence of an economic environment that cultivates cupidity, chicanery, and rapaciousness rather than a devout belief in the Golden Rule.' - From the Foreword to the Fourth Edition by Peter L. Bernstein, author of The Power of Gold 'Deep knowledge and a pragmatic approach to financial history qualifies Robert Aliber to provide this desperately needed sixth edition of Charles Kindleberger's classic study of financial manias and crashes. It comes in the immediate aftermath of the biggest and most dangerous global financial crisis since the 1930s. But that, alas, was no isolated event. It was, instead, the culmination of four waves of crisis over 40 years. The latest crisis is most unlikely to be the last. It may even be the precursor of a still bigger crisis in the years ahead. Read. Learn. Weep.' -Martin Wolf, Financial Times 'Alas, both the need for a book such as Manias, Panics and Crashes, and the coverage of its material, keep on increasing, almost exponentially. So much has happened in the last few years that this is now Bob Aliber's book, as much as, perhaps more, than Charles Kindleberger's. Aliber has enhanced the prior high standards that Kindleberger set. This is an easily accessible book, filled with fascinating historical vignettes, and one that everyone from the experts to newcomers to the field should read and would profit greatly by doing so.' - Charles Goodhart, London School of Economics,UK 'Every so often financial markets fly off the rails of rationality. Manias, Panics and Crashes brilliantly explains these crises and warns us that as each one fades into the past, the lessons are eventually lost, and investors again come to believe that trees grow to the sky.' - David Laibson, Harvard University, USA

ROBERT Z. ALIBER is Professor Emeritus of International Trade and Economics at the Booth Graduate School of Business at the University of Chicago. He has been the Houblon-Norman Fellow at the Bank of England, the National Westminster Bank Professor of International Finance at the London Business School, a visiting scholar at the Woodrow Wilson Center for International Studies in Washington, and the JPMorgan Prize fellow at the American Academy in Berlin. Among his previous books are The Multinational Paradigm, National Monetary Policies and the International Financial System, and Your Money and Your Life. He brought out the fifth edition of Charles P. Kindleberger's Manias, Panics and Crashes.

SKU	Unavailable
ISBN 13	9780230365353
ISBN 10	0230365353
Title	Manias, Panics and Crashes
Author	Robert Aliber
Condition	Unavailable
Binding Type	Paperback
Publisher	Palgrave Macmillan
Year published	2011-08-09
Number of pages	368
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note	Unavailable