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: Gardalkis Tarn
Country: Turkey
Language: English (Spanish)
Genre: Career
Published (Last): 26 December 2008
Pages: 420
PDF File Size: 15.21 Mb
ePub File Size: 16.51 Mb
ISBN: 351-5-29301-820-6
Downloads: 52986
Price: Free* [*Free Regsitration Required]
Uploader: Kizilkree

It often felt like the book is written for those who are already familiar with all the events told and is meant as just a synthesis or rather an interpretation? This book was incredibly dense and difficult to read. Apr 19, Jim Rossi rated it it was amazing.

This reads like an academic treatise written exclusively for tenured professors in their ivory towers, rather than a book that I can recommend to a lay person interes This book was incredibly dense and difficult to read.

Important material delivered in a dry, difficult to follow narrative.

The author seems to think “money flows” were more important than the corrupt rating agencies giving AAA to junk bonds. One of the most dense and therefore challenging books I’ve read. While Kindleberger knows his stuff, he fails pqnics organise it in a way that is accessible or comprehensible. 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.

The author at length concludes that we are little advanced over Walter Bagehot, the midth-century economic journalist — it’s good to do rescues, when we can, but without being too consistent or predictable about it. The edition reads like a playbook for the collapse and bailout of of While other worthy tomes, kundleberger as “History of Financial Disasters in 3 Volumes” cover much of the same material, the original organization of Kindleberger’s work is what commends it.


Feb 21, Brad Pendleton rated it did not like it. In particular the authors have identified what they call the 4 waves of international financial disaster in the last 40 years. This indicates, the next financial crisis will occur where this excess capital ends up triggered by whatever the demand side shock mentioned above meaning as long as there is this excess capital, another crisis is inevitable.

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

I also think some more perspective on why credit bubbles get in Crashew book was referred to by another book I’ve been reading. Just a moment while we sign you in to your Goodreads account.

Kindleberger’s “Manias, Panics and Crashes” is a must read for anyone active in the markets. In addition to sincere promoters of the crashea asset, there are incompetents and frauds promising returns they can’t reliably deliver, or have no intention to deliver.

With all of the talk about stock market manipulation, derivative fraud, and the imminent collapse of the global economic system, this book rings with the reverberation of truth understood over the long-term.

Open Preview See a Problem? American Historical Association members Sign in via society site. Paperback4th editionpages. Manias, Panics, and Crashes: Ppanics to his conclusions I have read different views by other authors on some of the panics mentioned which made to maniaas, obviously more sense. I read this book as background research for my economics dissertation.

Many times it felt like an endless list of historical examples that illustrate an idea. Tulip bulbs with exciting pretty patterns also qualify — a bulb that produces a new kind of flower is a capital asset, since you can produce panicd such flowers by cutting. I eschewed real estate and stocks and had my my money in CDs earning 4 to 5.


Slavery after Rome, — Aug 13, Gary Daly rated it really liked it. Aug 10, Andrew rated it it was ok. If there was only one book I could recommend on how to understand and navigate financial crises, it would be this book. Lists with This Book. Towards that end, he tends to pick a feature, then run through ten or twenty examples of how that feature worked during past bubbles. The second kindlebberger of the book describes the crash and shows that it feels remarkably similar whether anc stock in the South Sea Company or a era Dotcom company.

And he was right! Accountants see that GAAP’s are used and that accounting principles are the same from one year to the next.

Was a bit disappointing, most of the book is about events that happened more than years ago, kindleberer coverage of the last 80 years.

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

Anybody who was paying attention in the fall of knows what this looks like. He clearly knew a lot on the subject, and I generally agreed with his ideas, but I found the way the book was organized hard to follow.

Sometimes, a bubble can burst without drastic effect e. Mar 05, Jennifer rated it it was ok Shelves: Purchase Subscription prices and ordering Short-term Access To purchase short term access, please sign in to your Oxford Academic account above. Thanks for telling us about the problem. I wonder how this compares to “This time is different.