Extraordinary Popular Delusions
Charles MacKay
5 Key ideas
13 MINS
4.4 (484)
Money & Investments History
Ever wondered about the historical financial bubbles that shook the world?
What led John Law to create the infamous Mississippi Scheme, and how did it lead to widespread financial ruin?
How did a simple flower, the tulip, trigger an economic frenzy in the 17th century?
Or how did the South Sea Company's promise of untold wealth lead to a scandal that exposed corruption at the highest levels?
Dive into these compelling tales to understand the allure, perils and consequences of speculative bubbles throughout history!
Ever wondered about the historical financial bubbles that shook the world?
What led John Law to create the infamous Mississippi Scheme, and how did it lead to widespread financial ruin?
How did a simple flower, the tulip, trigger an economic frenzy in the 17th century?
Or how did the South Sea Company's promise of untold wealth lead to a scandal that exposed corruption at the highest levels?
Dive into these compelling tales to understand the allure, perils and consequences of speculative bubbles throughout history!
Ever wondered about the historical financial bubbles that shook the world?
What led John Law to create the infamous Mississippi Scheme, and how did it lead to widespread financial ruin?
How did a simple flower, the tulip, trigger an economic frenzy in the 17th century?
Or how did the South Sea Company's promise of untold wealth lead to a scandal that exposed corruption at the highest levels?
Dive into these compelling tales to understand the allure, perils and consequences of speculative bubbles throughout history!
Key Ideas
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About Author
Charles Mackay was a Scottish journalist, poet, and author, best known for his influential work "Extraordinary Popular Delusions and the Madness of Crowds," first published in 1841. This seminal book explores the history of popular folly, mass mania, and collective social and economic delusions, including famous financial bubbles and witch hunts. Mackay's insightful analysis remains relevant today, illustrating how groupthink and herd behavior can lead to irrational and often catastrophic decisions.
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