The work of Charles Kindleberger, who died on July 7th, has never been more In “Manias, Panics and Crashes”, Mr Kindleberger provided a. Manias, Panics, and Crashes has ratings and reviews. Charles Kindleberger’s brilliant, panoramic history revealed how financial crises follow a. Manias, Panics and Crashes, is a scholarly and entertaining account of the way that mismanagement of money and credit has Kindleberger, Charles P. (et al.).

Author: Mular Mekree
Country: Turks & Caicos Islands
Language: English (Spanish)
Genre: History
Published (Last): 21 December 2009
Pages: 168
PDF File Size: 8.40 Mb
ePub File Size: 12.6 Mb
ISBN: 132-9-41399-731-1
Downloads: 3949
Price: Free* [*Free Regsitration Required]
Uploader: Mubei

Open Preview See a Problem? Perhaps the most striking conclusion one can draw from their study is how similar the causes of each wave has been.

NOT true, that’s the sole responsibility of management. This book was incredibly dense and difficult to read. Want to Read Currently Reading Read.

Manias, Panics, and Crashes: A History of Financial Crises

To see what your friends thought of this book, please sign up. Sometimes, a bubble can burst without drastic effect e. That said it is probably the paincs complete book on the history and causes of economic upheavals from the 17th century to available to the non-economist. Interesting book, I would have been able to appreciate it more if I had a better grounding in economic and monetary theory.

All of his conclusions are drawn from analysis of historical events dating back toand give a clear and consistent picture of how bubbles and crashes work. A History of Financial Crises.

There’s plenty to digest here without getting into Ponzi, Madoff, or Enron. But Kindleberger had done the work and knew what was next.

Majority of the text reads as one long list of historic events that author doesn’t even recount, but simply refers to. It doesn’t read as a treatise on the economics causes and consequences of financial cycles, panics, etc. One of the most dense and therefore challenging books I’ve read. But in fact, Kindleberger uses the generic “crisis anatomy” as the structure of the book, touching on each episode only as it relates to a given part of the anatomy. If there was only one book I could recommend on how to understand and navigate financial crises, it would be this book.


I had been hoping for more of a straightforward narrative description of each crisis, many of which, after all, occurred in unfamiliar settings. Just a moment while we sign you in to your Goodreads account. This can be disorienting for the reader who is not already familiar with kinrleberger episodes, which description I imagine fits virtually all readers.

Prices falter and fall. The book is not written for a general audience and some of the econ jargon gave me trouble as a non-specialist but it’s not insurmountable. He is a financial historian and prolific writer who has published over twenty-four books.

Manias, Panics, and Crashes: I don’t like the organization of the content by chapters. Email alerts New issue alert. This cycle, if it grows big enough, is a panic. Want to Read saving…. Quotes from Manias, Panics, a Related articles in Google Scholar. Ignore it at your peril. One overall message that seems clear is that borrowing-lending leads to speculation and bubbles kindlleberger real estate, stocks and some weirder assets again and again, there doesn’t seem to be a compelling reason for the insanity to stop either iindleberger or any time in the future.

I totally disagree that Lehmann bro should have been bailed out. In the event, I decided against it. While the subject matter may not appeal to everyone, a book like this provides essential support for the truism that those who ignore history are condemned to repeat it.


But a word of caution to the lay-reader: This is more of a supply side shock, which no one has control over after the collapse of the Bretton Woods system. A True Vegas Tale.

Manias, Panics, and Crashes: A History of Financial Crises by Charles P. Kindleberger

To purchase short term access, please sign in to your Oxford Academic account above. While the author’s writing style can be boring sometimes, one cannot but praise his efforts to be systematic in his historical description of financial manias and panics.

Kindleberter think it would have been a lot more fun to sit down and talk with Kindleberger about his theories than to read this book. Crashws “Manias, Panics and Crashes” is a must read for anyone active in the markets.

This is a classic book in the financial world, but I was somewhat disappointed with it. I think the book would be better if it had a few graphs and ignored corruption. A great antidote to the famous phrase: I would love to see more books like this D It’s confusing to jump centuries back and forth, skipping countries without contexts. This is more of a supply side shock, which no one has control over after the collapse There have been many attempts to explain the GFC — greed, irrational behaviours, bell curve, derivatives, excessive leverage, failures by rating agencies, regulatory failure, etc, which all can be groups as a demand side shock.