Extraordinary Popular Delusions

Author: Charles Mackay

Publisher: Courier Corporation

ISBN: 0486147878

Category: Business & Economics

Page: 112

View: 8641

DIVClassic survey of crowd psychology takes an illuminating, entertaining look at 3 historic swindles: "The Mississippi Scheme," "The South-Sea Bubble," and "Tulipomania." Essential reading for investors. /div

Memoirs of Extraordinary Popular Delusions and the Madness of Crowds

Author: Charles Mackay

Publisher: N.A


Category: Common fallacies

Page: 318

View: 5971

Memoirs of Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay, first published in 1852, is a rare manuscript, the original residing in one of the great libraries of the world. This book is a reproduction of that original, which has been scanned and cleaned by state-of-the-art publishing tools for better readability and enhanced appreciation. Restoration Editors' mission is to bring long out of print manuscripts back to life. Some smudges, annotations or unclear text may still exist, due to permanent damage to the original work. We believe the literary significance of the text justifies offering this reproduction, allowing a new generation to appreciate it.

The Witch Mania

Author: Charles Mackay

Publisher: Seltzer Books via PublishDrive

ISBN: 1455447692

Category: History

Page: 435

View: 6066

Excerpt from Memoirs of Extraordinary Popular Delusions. The essay begins: "The belief that disembodied spirits may be permitted to revisitthis world, has its foundation upon that sublime hope of immortality,which is at once the chief solace and greatest triumph of our reason.Even if revelation did not teach us, we feel that we have that withinus which shall never die; and all our experience of this life butmakes us cling the more fondly to that one repaying hope. Butin the early days of "little knowledge," this grand belief became thesource of a whole train of superstitions, which, in their turn, becamethe fount from whence flowed a deluge of blood and horror. Europe, fora period of two centuries and a half, brooded upon the idea, not onlythat parted spirits walked the earth to meddle in the affairs of men,but that men had power to summon evil spirits to their aid to work woeupon their fellows. An epidemic terror seized upon the nations; no manthought himself secure, either in his person or possessions, from themachinations of the devil and his agents. Every calamity that befellhim, he attributed to a witch."

Extraordinary Popular Delusions and the Madness of Crowds

Author: Charles Mackay,David J. Schneider

Publisher: Barnes & Noble Publishing

ISBN: 9780760755822

Category: Social Science

Page: 656

View: 3120

Extraordinary Popular Delusions and the Madness of Crowds is a landmark study of crowd psychology and mass mania and a singular casebook of human folly throughout the ages. Chronicled here are accounts of swindles, schemes, and scams on a grand scale. Other chapters deal with fads and delusions that have sprung from ideas, beliefs, and causes that still have champions today: the prophecies of Nostradamus, the coming of comets and Judgment Day, the Rosicrucians, and astrology. The book also surveys controversial people and movements of the past: necromancy, Father Hell and Magnetism, Anthony Mesmer and Mesmerism, the Crusades, sorcery and the burning of witches, not to mention the popularity of murder by slow poisoning.

Extraordinary Popular Delusions & the Madness of Crowds

Author: Charles Mackay

Publisher: Broadway Books

ISBN: 9780517884331

Category: History

Page: 740

View: 4295

A complete repackaging of the classic work about grand-scale madness, major schemes, and bamboozlement--and the universal human susceptibility to all three. This informative, funny collection encompasses a broad range of manias and deceptions, from witch burnings to the Great Crusades to the prophecies of Nostradamus.

The Wisdom Of Crowds

Author: N.A

Publisher: Anchor

ISBN: 0385721706

Category: Social Science

Page: 306

View: 3326

Looks at the theory that large groups have more collective intelligence than a smaller number of experts, drawing on a wide range of disciplines to offer insight into such topics as politics, business, and the environment.

Charles Mackay’s Extraordinary Popular Delusions and the Madness of Crowds

A modern-day interpretation of a finance classic

Author: Tim Phillips

Publisher: Infinite Ideas

ISBN: 190775590X

Category: Business & Economics

Page: 120

View: 8458

Tim Phillips’ thoroughly up-to-date interpretation of Charles Mackay’s Extraordinary Popular Delusions and the Madness of Crowds, a classic of popular psychology, illustrates the principles of Mackay’s analysis of financial bubbles with modern examples to enable 21st century readers to understand crowd psychology and invest wisely.

Extraordinary Popular Delusions and the Madness of Crowds and ConfusiÃ3n de Confusiones

Author: Charles Mackay

Publisher: John Wiley & Sons

ISBN: 9780471133124

Category: Business & Economics

Page: 214

View: 501

A study of crowd behavior includes two landmark books of the past, Extraordinary Popular Delusions and the Madness of Crowds and Confusions de Confusions, that show how markets are shaped by the fluctuations of mob psychology. Reprint.

Delusions and the Madness of the Masses

Author: Lawrie Reznek

Publisher: Rowman & Littlefield

ISBN: 1442206055

Category: Psychology

Page: 225

View: 1442

According to the author, there is an alarming inclination for people to succumb to delusional thinking. Contrary to popular opinion, such thought processes are not limited to the mentally ill. Instead, there is growing evidence to show that large segments of the public harbor a wide variety of delusions, none of which are innocent, and many of which are pushing our societies to the brink of war. This book aims to understand the nature of delusions and how they are generated. By providing a deeper understanding of delusions, the author challenges the assumption that a whole community cannot be deluded, concluding that even very large groups of people can be considered collectively mad. Reznek offers case studies of madness both in individuals and in society throughout the book, relieving the reader of requiring a first-hand experience of psychosis, and revealing the nature of delusions as they affect us all.

Extraordinary Popular Delusions, the Money Mani

The Mississippi Scheme, the South-Sea Bubble, and the Tulipomania

Author: Charles MacKay

Publisher: Cosimo, Inc.

ISBN: 1605205486

Category: History

Page: 108

View: 2784

The finances of the country were in a state of the utmost disorder. A profuse and corrupt monarch, whose profuseness and corruption were imitated by almost every functionary, from the highest to the lowest grade, had brought France to the verge of ruin. The national debt amounted to 3000 millions of livres, the revenue to 145 millions, and the expenses of government to 142 millions per annum: leaving only three millions to pay the interest upon 3000 millions. -from "The Mississippi Scheme" The savings-and-loan scandals of the 1980s. The dotcom craze of the 1990s. The housing bubble of the 2000s. It may seem as if mass financial insanity is a result of complex global economies and modern high finance, but it's been with us for centuries, as this classic expose of the madness of humanity-particularly as it relates to money-demonstrates in a way that's both disturbing and highly illuminating for those wishing to avoid getting lost in such madness again. This abridged edition of the 1841 classic focuses exclusively on the infamous financial mania that have become bywords when discussing the economic collapses of today: [ the Mississippi Scheme, in which an 18th-century Scottish financier created a stock bubble in France for land in the New World [ the South Sea bubble, the 18th-century stock swindle sometimes called "the Enron of England" [ the infamous tulip mania that seized Holland in the 1600s These powerful studies of the human relationship to money remain startlingly relevant today... as they are sure to still be centuries from now. Scottish journalist CHARLES MACKAY (1814-1889) held an honorary law degree from Glasgow University, as well as a doctorate in literature. A renowned poet and songwriter, he also authored a Dictionary of Lowland Scotch.

Psychology of the Stock Market

Author: George Charles Selden

Publisher: N.A


Category: Speculation

Page: 120

View: 4595

"This book is based upon the belief that the movements of prices on the exchanges are dependent to a very large degree on the mental attitude of the investing and trading public ... [and] is intended chiefly as a practical help to that considerable part of the community which is interested, directly or indirectly, in the markets.--p. [3].

A Short History of Financial Euphoria

Author: John Kenneth Galbraith

Publisher: Penguin

ISBN: 110165080X

Category: Business & Economics

Page: 128

View: 8327

The world-renowned economist offers "dourly irreverent analyses of financial debacle from the tulip craze of the seventeenth century to the recent plague of junk bonds."—The Atlantic.

Famous First Bubbles

The Fundamentals of Early Manias

Author: Peter M. Garber

Publisher: MIT Press

ISBN: 9780262571531

Category: Business & Economics

Page: 163

View: 8070

This book offers market-fundamental explanations for the three most famous bubbles: the Dutch Tulipmania (1634-1637), the Mississippi Bubble (1719-1720), and the closely connected South Sea Bubble (1720).


Money, Honor, and Knowledge in the Dutch Golden Age

Author: Anne Goldgar

Publisher: University of Chicago Press

ISBN: 0226301303

Category: History

Page: 446

View: 3766

In the 1630s the Netherlands was gripped by tulipmania: a speculative fever unprecedented in scale and, as popular history would have it, folly. We all know the outline of the story—how otherwise sensible merchants, nobles, and artisans spent all they had (and much that they didn’t) on tulip bulbs. We have heard how these bulbs changed hands hundreds of times in a single day, and how some bulbs, sold and resold for thousands of guilders, never even existed. Tulipmania is seen as an example of the gullibility of crowds and the dangers of financial speculation. But it wasn’t like that. As Anne Goldgar reveals in Tulipmania, not one of these stories is true. Making use of extensive archival research, she lays waste to the legends, revealing that while the 1630s did see a speculative bubble in tulip prices, neither the height of the bubble nor its bursting were anywhere near as dramatic as we tend to think. By clearing away the accumulated myths, Goldgar is able to show us instead the far more interesting reality: the ways in which tulipmania reflected deep anxieties about the transformation of Dutch society in the Golden Age. “Goldgar tells us at the start of her excellent debunking book: ‘Most of what we have heard of [tulipmania] is not true.’. . . She tells a new story.”—Simon Kuper, Financial Times

The Media and Financial Crises

Comparative and Historical Perspectives

Author: Steve Schifferes,Richard Roberts

Publisher: Routledge

ISBN: 1317624513

Category: Social Science

Page: 338

View: 9709

The Media and Financial Crises provides unique insights into the debate on the role of the media in the global financial crisis. Coverage is inter-disciplinary, with contributions from media studies, political economy and journalists themselves. It features a wide range of countries, including the USA, UK, Ireland, Greece, Spain and Australia, and a completely new history of financial crises in the British press over 150 years. Editors Steve Schifferes and Richard Roberts have assembled an expert set of contributors, including Joseph E Stiglitz and Lionel Barber, editor of the Financial Times. The role of the media has been central in shaping our response to the financial crisis. Examining its performance in comparative and historical perspectives is crucial to ensuring that the media does a better job next time. The book has five distinct parts: The Banking Crisis and the Media The Euro-Crisis and the Media Challenges for the Media The Lessons of History Media Messengers Under Interrogation The Media and Financial Crises offers broad and coherent coverage, making it ideal for both students and scholars of financial journalism, journalism studies, media studies, and media and economic history.

Life and liberty in America

Author: Charles Mackay

Publisher: N.A


Category: Canada

Page: 105

View: 4010


The Story of the World's Most Coveted Flower & the Extraordinary Passions It Aroused

Author: Mike Dash

Publisher: Broadway Books

ISBN: 9780307560827

Category: Business & Economics

Page: 288

View: 8416

A vivid narration of the history of the tulip, from its origins on the barren, windswept steppes of central Asia to its place of honor in the lush imperial gardens of Constantinople, to its starring moment as the most coveted--and beautiful--commodity in Europe. In the 1630s, visitors to the prosperous trading cities of the Netherlands couldn't help but notice that thousands of normally sober, hardworking Dutch citizens were caught up in an extraordinary frenzy of buying and selling. The object of this unprecedented speculation was the tulip, a delicate and exotic Eastern import that had bewitched horticulturists, noblemen, and tavern owners alike. For almost a year rare bulbs changed hands for incredible and ever-increasing sums, until single flowers were being sold for more than the cost of a house. Historians would come to call it tulipomania. It was the first futures market in history, and like so many of the ones that would follow, it crashed spectacularly, plunging speculators and investors into economic ruin and despair. This colorful cast of characters includes Turkish sultans, Yugoslav soldiers, French botanists, and Dutch tavern keepers--all centuries apart historically and worlds apart culturally, but with one thing in common: tulipomania.

Life and Liberty in America

Author: Charles MacKay

Publisher: Literary Licensing, LLC

ISBN: 9781498072014


Page: 416

View: 2571

This Is A New Release Of The Original 1922 Edition.

Devil Take the Hindmost

A History of Financial Speculation

Author: Edward Chancellor

Publisher: N.A

ISBN: 9780330484091

Category: Speculation

Page: 386

View: 8991

Memoirs of Extraordinary Popular Delusions and the Madness of Crowds

Author: Charles MacKay

Publisher: Createspace Independent Publishing Platform

ISBN: 9781721742493


Page: 664

View: 9229

Memoirs of Extraordinary Popular Delusions and the Madness of Crowds author: Charles MacKay Popular delusions began so early, spread so widely, and have lasted so long, that instead of two or three volumes, fifty would scarcely suffice to detail their history. The present may be considered more of a miscellany of delusions than a history--a chapter only in the great and awful book of human folly which yet remains to be written, and which Porson once jestingly said he would write in five hundred volumes! Interspersed are sketches of some lighter matters, --amusing instances of the imitativeness and wrongheadedness of the people, rather than examples of folly and delusion.Religious matters have been purposely excluded as incompatible with the limits prescribed to the present work; a mere list of them would alone be sufficient to occupy a volume. We are delighted to publish this classic book as part of our extensive Classic Library collection. Many of the books in our collection have been out of print for decades, and therefore have not been accessible to the general public. The aim of our publishing program is to facilitate rapid access to this vast reservoir of literature, and our view is that this is a significant literary work, which deserves to be brought back into print after many decades. The contents of the vast majority of titles in the Classic Library have been scanned from the original works. To ensure a high quality product, each title has been meticulously hand curated by our staff. Our philosophy has been guided by a desire to provide the reader with a book that is as close as possible to ownership of the original work. We hope that you will enjoy this wonderful classic work, and that for you it becomes an enriching experience.