Boom and Bust: A Global History of Financial Bubbles by William Quinn Paperback

Description: Boom and Bust by William Quinn, John D. Turner Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? Boom and Bust reveals why bubbles happen, and why some bubbles have catastrophic economic, social and political consequences, whilst others have actually benefited society. FORMAT Paperback CONDITION Brand New Publisher Description Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks. Author Biography William Quinn is a Lecturer in Finance at Queens University Belfast, where he conducts research on market manipulation, stock markets and, above all, bubbles. John D. Turner is a Professor of Finance and Financial History at Queens University Belfast. He is a Fellow of the Academy of Social Sciences and an editor of The Economic History Review. His book Banking in Crisis (2014) won the Wadsworth Prize in 2015. Table of Contents List of figures; List of tables; 1. The bubble triangle; 2. 1720 and the invention of the bubble; 3. Marketability revived: the first emerging market bubble; 4. Democratising speculation: the great railway mania; 5. Other peoples money: the Australian land boom; 6. Wheeler-dealers: the British bicycle mania; 7. The roaring twenties and the Wall Street Crash; 8. Blowing bubbles for political purposes: Japan in the 1980s; 9. The dot-com bubble; 10. No more boom and bust: the subprime bubble; 11. Casino capitalism with Chinese characteristics; 12. Predicting bubbles; Acknowledgements; Endnotes; Bibliography; Index. Review Where do financial bubbles come from? Can – and should – policy makers always try to stop them? Can investors avoid them? Quinn and Turner take us on an informative, engaging tour of the last three hundred years of bubbles and, using history as their guide, provide intriguing answers. Richard S. Grossman, author of WRONG: Nine Economic Policy Disasters and What We Can Learn from Them.Quinn and Turner argue that the essential elements of capital markets: money, credit and speculation are also the necessary ingredients of financial bubbles. Can we have one without the other? William Goetzmann, author of Money Changes Everything: How Finance Made Civilization PossibleQuinn and Turner have made a major contribution to the literature on financial speculation and the bubbles to which they contribute. Not only do they provide an analytical dissection of ten salient episodes over some 300 years, they embed these narratives in an explanatory framework – the bubble triangle – that links the relative marketability of financial assets and the supply of credit to speculative excess. Thus, Boom and Bust shows how to mine history for meaning, with lessons relevant today for investors and policy-makers alike. Bill Janeway, author of Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the StateFor anyone interested in financial history, Boom and Bust is essential reading. John Plender, Financial TimesAn action-packed romp through ten of the biggest bubbles and busts of the past three centuries … Some (most) finance books are arid and hard-going; this one I couldnt put down. Alistair Haimes, The CriticA lovely book. It describes and draws lessons from ten financial manias, from the South Sea Bubble to Casino Capitalism with Chinese Characteristics. It also explains bubbles with what the authors call the bubble triangle. Its three sides consists of oxygen, which is the marketability of assets, fuel, which is money and credit and heat, which is speculation. This combination recurs repeatedly and so do bubbles. Just like fires, financial manias and crashes are destructive, but they can also be useful, by clearing out dead wood. Martin Wolf, Financial Times, Best Books of 2020A readable and impressively researched title to be enjoyed by the generalist or specialist. Niall McGarrigle, Irish TimesWritten with exquisite concision and packing a wealth of detail and citation into each chapter, Boom and Bust is an instant classic. Rebecca L. Spang, Times Literary SupplementThis wonderful book is interesting, informative, and insightful … Highly recommended. R. M. Whaples, Choice Promotional Reveals why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. Review Quote Where do financial bubbles come from? Can - and should - policy makers always try to stop them? Can investors avoid them? Quinn and Turner take us on an informative, engaging tour of the last three hundred years of bubbles and, using history as their guide, provide intriguing answers. Richard S. Grossman, author of WRONG: Nine Economic Policy Disasters and What We Can Learn From Them Promotional "Headline" Reveals why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. Description for Bookstore Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? Boom and Bust reveals why bubbles happen, and why some bubbles have catastrophic economic, social and political consequences, whilst others have actually benefited society. Description for Library Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? Boom and Bust reveals why bubbles happen, and why some bubbles have catastrophic economic, social and political consequences, whilst others have actually benefited society. Details ISBN1108431658 Author John D. Turner Publisher Cambridge University Press Year 2021 ISBN-10 1108431658 ISBN-13 9781108431651 Format Paperback Imprint Cambridge University Press Place of Publication Cambridge Country of Publication United Kingdom Publication Date 2021-10-21 UK Release Date 2021-10-21 AU Release Date 2021-10-21 NZ Release Date 2021-10-21 Pages 374 Illustrations Worked examples or Exercises; 13 Tables, black and white; 27 Line drawings, black and white Subtitle A Global History of Financial Bubbles Alternative 9781108367677 DEWEY 338.54209 Audience General We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:168626097;

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