This review of John Kenneth Galbraith’s book “A Short History of Financial Euphoria” documents history’s lessons for financial decision makers. A Short History of Financial Euphoria by John Kenneth Galbraith, , available at Book Depository with free delivery worldwide. A Short History of Financial Euphoria. John Kenneth Galbraith, Author Viking Books $16 (p) ISBN
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A Short History of Financial Euphoria by John Kenneth Galbraith
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Yes Hitory Thanks for your feedback! As ever, Galbraith is clear, concise and persuasive: Episodes of financial euphoria and their harsh consequences are a so-far inescapable consequence of capitalism.
A Short History of Financial Euphoria
Read and, if not weep, at least sigh at our recidivist follies. The writing is clear, concise and often caustic. The common theme in all the financial crashes has been greed and baseless speculation. Galbraith shows that people have not learned from previous cycles of boom and bust; he does not expect that most will ever learn. Although he died before the last crash, all of his arguments and descriptions would have applied fully.
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