Analysis of Charles P. Kindleberger's Manias, Panics, and Crashes
Perhaps the most peculiar feature of a financial bubble – one that Charles Kindleberger''s classic work Manias, Panics and Crashes draws particular attention to – is the inability of those trapped inside it to grasp the seriousness of their predicament. They know in principle that bubbles exist, and they know that the financial crashes that result from them are capable of destroying individuals'' ...
Perhaps the most peculiar feature of a financial bubble – one that Charles Kindleberger''s classic work Manias, Panics and Crashes draws particular attention to – is the inability of those trapped inside it to grasp the seriousness of their predicament. They know in principle that bubbles exist, and they know that the financial crashes that result from them are capable of destroying individuals'' ...
