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Total pages original book: 128
Includes a PDF summary of 10 pages
Duration of the summary (audio): 7M32S (2 MB)
Description or summary of the audiobook: With all the financial know-how and experience of the wizards on Wall Street and elsewhere, how is it that the market still goes boom and bust? How can people be so willing to get caught up in the mania of speculation when history tells us that a collapse is almost sure to follow? In this primer, the renowned economist John Kenneth Galbraith reviews the major speculative episodes of the last three centuries - from the 17th century tulip craze to the calamitous junk-bond follies of the 1980s. His insights provide important lessons on speculative economics, and demonstrate conclusively that money and intelligence are not necessarily linked.
Other categories, genre or collection: General & World History, 20th Century History: C 1900 To C 2000, Social & Cultural History, Economic Theory & Philosophy, Economics, Modern History To 20th Century: C 1700 To C 1900, Economic History