Domestic Contagion

Charles P. Kindleberger and Peter L. Bernstein

Chapter 7 in Manias, Panics and Crashes, 2000, pp 109-116 from Palgrave Macmillan

Abstract: Abstract I start with tulipmania. This is generally regarded as an isolated incident. Peter Garber believes that the exotic varieties owed their spectacular manifold rise in price to the fundamental that they were difficult to evolve in Mendelian terms, and their collapse to the normal process of reproduction, once produced. But Garber acknowledges that he cannot explain why garden-variety tulips like the Gouda, Switzer, or White Crown, traded among the simple folk at so-called colleges or public houses, also soared and fell in price.1 In some eyes, the rare bulbs on which he puts exclusive emphasis and a certain amount of body English1 were only a sideshow to the mania concentrated in the standard varieties.

Date: 2000
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DOI: 10.1057/9780230536753_7

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