Bubbles in history

William Quinn and John Turner ()

No 2020-07, QUCEH Working Paper Series from Queen's University Belfast, Queen's University Centre for Economic History

Abstract: Bubbles have become ubiquitous. This ubiquity has stimulated research over the past three decades into bubbles in history. In this article, we provide a systematic overview of research into historical bubbles. Our analysis reveals that there is no coherent approach to the study of bubbles and much of the debate has unhelpfully focussed on the rationality/irrationality dichotomy. We then suggest a new framework for the study of historical bubbles, which helps us understand the causes of bubbles and their economic consequences. We conclude by suggesting ways in which business history can contribute to the study of historical bubbles.

Keywords: Bubbles; Business History; Speculation (search for similar items in EconPapers)
JEL-codes: G01 G10 G40 N10 N20 N80 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-fdg, nep-his, nep-hpe and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Bubbles in history (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:qucehw:202007

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