Saturday, January 2, 2016

The Enduring Relevance of “Manias, Panics, and Crashes”

Dear Bubblers, 

The following Preview of The New Edition of the KAM Paradigm should be illuminating for all of us. 

Best, Bill Rapp

The Enduring Relevance of Manias, Panics, and Crashes

The seventh edition of Manias, Panics, and Crashes has recently been published by Palgrave Macmillan. Charles Kindleberger of MIT wrote the first edition, which appeared in 1978, and followed it with three more editions. Robert Aliber of the Booth School of Business at the University of Chicago took over the editing and rewriting of the fifth edition, which came out in 2005. (Aliber is also the author of another well-known book on international finance, The New International Money Game.) The continuing popularity of Manias, Panics and Crashes shows that financial crises continue to be a matter of widespread concern.

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