Speculative Manias

Charles P. Kindleberger and Peter L. Bernstein

Chapter 3 in Manias, Panics and Crashes, 2000, pp 23-47 from Palgrave Macmillan

Abstract: Abstract The word mania in the chapter title connotes a loss of touch with reality or rationality, even something close to mass hysteria or insanity. It is used continuously in economic history, which is replete with canal manias, railroad manias, joint stock company manias, land manias, and a host of others. Yet economic theory, along with social science generally, adopts the assumption that man and men are rational. How can the two views be reconciled?

Date: 2000
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-53675-3_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230536753

DOI: 10.1057/9780230536753_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().