This review of John Kenneth Galbraith’s book “A Short History of Financial Euphoria” documents history’s lessons for financial decision makers. A Short History of Financial Euphoria by John Kenneth Galbraith, , available at Book Depository with free delivery worldwide. A Short History of Financial Euphoria. John Kenneth Galbraith, Author Viking Books $16 (p) ISBN

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A new generation of financiers “invents” a few ways to finance those assets 4. The New Industrial State. Whereas you know the conclusions he draws are the correct ones, at the same time its not quite enough to believe him.

Oct 29, Will Bell rated it liked it Shelves: When a financial innovation kennetth new it xhort means that a hype machine is forming and that a bubble is inflating. Bit unfair to rational choice theory, but it was a different time perhaps.

A short history of financial euphoria can be read in two hours, it offers amusement as well as utility. Especially fascinating to have read this against the backdrop of the dramatic rise and fall of cryptocurrencies.

Aug 21, InvestingByTheBooks. A wonderful quick read that can be finished in one sitting. Galbraith, where is your simple, coherent wisdom when we need it most? Jan 04, Tirath rated it really liked it. Jan 04, Francisco rated it really liked it Shelves: Jul 21, Kaloyan Roussev rated it it was amazing Shelves: Financial innovation is seldom anything else than leverage.

Your display name should be eupohria least 2 characters long. His books on economic topics were bestsellers in the s and s.

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A Short History of Financial Euphoria : John Kenneth Galbraith :

You can read this item using any of the following Kobo apps and devices: Never Split the Difference. At about pages, it is a book that even high schoolers could read and benefit from. It is interesting kennfth note that Galbraith places the blame for speculative mania quite purely within crowd psychology rather than more institutional effects like easy credit, etc. Dec 09, Zhou Fang rated it it was amazing. The central arguments of the book are these: He received the Presidential Medal of Freedom twice: I do love JK Galbraiths melodious writing style, his eloquence and timbre make you not want to stop reading.

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In hindsight, we find out this is merely a pattern of human behavior. Close Report a review At Kobo, we try to ensure that published reviews do not contain rude or profane language, spoilers, hietory any of our reviewer’s personal information.

He starts around the time of “Tulipomania” in the s and goes right up through the 20th century with examples of euphoric times and their inevitable disasterous endings. Deleveraging also occurs, creating a vicious cycle. When the mass hysteria ends there will be new regulation that takes no notice of the fact that the speculative human psyche is ill suited for regulation.

John Kenneth Galbraith was a Canadian-American economist.

A Short History of Financial Euphoria

Short and sweet, witty, humorous, and yet informative. Very few, however, true innovations ever occur, and most of these apparent innovations involve the creation of debt. The meaning of leverage can be truly understood on reading this book.


Sep 09, Ravi Abhyankar rated it really liked it. To see what your friends thought of this book, please sign up. The anatomy of the bubble is often predictable.

Books by John Kenneth Galbraith.

A Short History of Financial Euphoria by John Kenneth Galbraith

Ratings and Reviews 2 4 star ratings 2 reviews. Would you like us to take another look at this review? He passed away in Rich Dad Poor Dad.

Want to Read saving…. During World War II he served as deputy head of the Office of Price Administration, charged with preventing inflation from crippling the war efforts, and also served as the US Ambassador to India during the Kennedy administration. Galbraith was writing about Trump as a failed businessman backed by bankers who should have known better; 20 years later, he is now a politician run amok backed by voters who should have know better.

The book is short, simple, and intelligent. The general framework in itself is penned down financal two initial chapters and in the concluding ending chapter, in total 30 pages.

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