Monday, February 22, 2010

Books: Tulipomania in Holland in the 1630's

"Memoirs of Extraordinary Popular Delusions and the Madness of Crowds" was written by Charles Mackay and first published in 1848 and is in the public domain. . This excerpt, Chapter 3 - The Tulipomania ,explains much about temporary madness in markets and is often used as an example of a market bubble, a trend that expands until a collapse.

Source: The Library of Economics and Liberty