- Paperback: 460 pages
- Publisher: Palgrave Macmillan; 7 edition (13 October 2015)
- Language: English
- ISBN-10: 1137525754
- ISBN-13: 978-1137525758
- Product Dimensions: 15.6 x 2.7 x 23.2 cm
- Average Customer Review: 1 customer review
- Amazon Bestsellers Rank: #52,065 in Books (See Top 100 in Books)
Manias, Panics, and Crashes: A History of Financial Crises, Seventh Edition Paperback – 13 Oct 2015
Save Extra with 1 offer
- Cashback (3): Go Cashless: Get 10% cashback up to Rs. 50 using BHIM UPI (available only on mobile app/website) or RuPay cards. Offer period 1st September to 30th September. Cashback will be credited as Amazon Pay balance within 15 days from purchase. Here's how
- Go Cashless: Get 10% cashback up to Rs. 100 using Visa debit card, credit card or ATM card. Only on your first 2 cashless orders on Amazon.in (including mobile recharges and bill payments). Offer period 4th Sep to 30th Sep. Cashback within 10 days. Here's how
- Go Cashless: Get 10% cashback up to Rs. 100 using Visa Signature or Visa Infinite cards. Offer valid only once per customer (including mobile recharges and bill payments). Offer period: 11th Sep to 24th Sep. Cashback within 10 days. Here's how
Frequently bought together
Customers who bought this item also bought
"The turmoil of 2007-8 reminded us only too painfully that financial crises are not confined to distant times and places. This latest edition of Charlie Kindleberger's classic study of man's serial financial follies, updated by Robert Aliber, brings the story right up to the present. A fount of wisdom not only for students of finance and economics, but also for central bankers and financial market practitioners." – Professor Sir Charles Bean, The London School of Economics, UK
"Since its original publication, this has been one of my indispensable books. It served to help me grasp the gravity of financial crises that afflicted my country and guided me, hopefully, to recommend and take better policy decisions. It has also been an essential teaching tool. For example, on 15 September 2008 I asked my students to read at once several chapters so that they could better understand the events that started to unfold that morning. I welcome with enthusiasm this new edition!" - Ernesto Zedillo Ponce de León, Director Yale Center for the Study of Globalization; Former President of Mexico
"Underneath the hilarious anecdotes, the elegant epigrams, and the graceful turns of phrase, Kindleberger is deadly serious. The manner in which humans beings earn their livings is no laughing matter to him, especially when they attempt to do so at the expense of one another. As he so effectively demonstrates, manias, panics, and crashes are the consequence of an economic environment that cultivates cupidity, chicanery, and rapaciousness rather than a devout belief in the Golden Rule." - From the Foreword to the Fourth Edition by Peter L. Bernstein, author of The Power of Gold
"Alas, both the need for a book such as Manias, Panics and Crashes, and the coverage of its material, keep on increasing, almost exponentially. So much has happened in the last few years that this is now Bob Aliber's book, as much as, perhaps more, than Charles Kindleberger's. Aliber has enhanced the prior high standards that Kindleberger set. This is an easily accessible book, filled with fascinating historical vignettes, and one that everyone from the experts to newcomers to the field should read and would profit greatly by doing so." - Charles Goodhart, London School of Economics, UK
About the Author
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter mobile phone number.
Customers who viewed this item also viewed
Top customer reviews
There was a problem filtering reviews right now. Please try again later.
Most helpful customer reviews on Amazon.com
Interestingly, something somewhere is always crashing. And I have also used Kindleberger to size up what are obvious manias (easy one: there are now more construction cranes in Toronto than any other city in North America). Places where I have bought after crashes are Greek shipping companies in January 2013 (42% gain in 12 months even including a stock that went from $70/share to $0.11/share) and Indian small caps in August of 2013 (up ~30% gain in 5 months), the US housing market in 2012, and a small bank whose shares went from $300, to $1, to $11 (counting reverse splits).
I have proven that you can still lose money even buying after a big fall (US Treasurys)--so I am not touting Kindleberger as a panacea. it is far from clear how to get the timing right during or after a crash. But this book did a great job illuminating the crazy ways people can cause a good or a stock to part from reality both on its way up and on its way down. Using it, I succeed more often than I fail. And I succeed more often than if I had not read it.
I would place this book on the short list, with Taleb's, Lefevre's, and Malkiel's work if you invest for yourself.
I would concur that this is a book that should be referred to every few years. For example, speculative investing & expansion of credit gave way to the Housing Bubble; these topics are covered extensively in the book (albeit written before the pop of the Housing Bubble). It will be interesting to come back to this book as the next couple of economic cycles play out given our nations leverage levels and the implications of expansionary monetary policy (Kindleberger highlighted that Debt/GDP levels should be healthily around <60-70%).