Author: Charles Mackay

Publisher: Courier Corporation

ISBN: 0486147878

Category: Business & Economics

Page: 112

View: 9000

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
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Author: Charles Mackay

Publisher: N.A

ISBN: N.A

Category: Common fallacies

Page: 318

View: 1399

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.
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A modern-day interpretation of a finance classic

Author: Tim Phillips

Publisher: Infinite Ideas

ISBN: 190775590X

Category: Business & Economics

Page: 120

View: 7977

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.
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Understanding the Forces Behind Group Mentality, Thoughts and Actions

Author: Charles Mackay

Publisher: e-artnow

ISBN: 8026879899

Category: Social Science

Page: 619

View: 366

This edition represents an early study of crowd psychology by Scottish journalist Charles Mackay. The book chronicles its subjects in three parts: "National Delusions", "Peculiar Follies", and "Philosophical Delusions". MacKay was an accomplished teller of stories, though he wrote in a journalistic and somewhat sensational style. The subjects of Mackay's debunking include alchemy, crusades, duels, economic bubbles, fortune-telling, haunted houses, the Drummer of Tedworth, the influence of politics and religion on the shapes of beards and hair, magnetisers (influence of imagination in curing disease), murder through poisoning, prophecies, popular admiration of great thieves, popular follies of great cities, and relics. Present-day writers on economics, such as Michael Lewis and Andrew Tobias, laud the three chapters on economic bubbles. Scientist and astronomer Carl Sagan mentioned the book in his own discussion about pseudoscience, popular delusions, and hoaxes. Charles Mackay was a Scottish poet, journalist, author, anthologist, novelist, and songwriter.
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Author: N.A

Publisher: Anchor

ISBN: 0385721706

Category: Social Science

Page: 306

View: 1266

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.
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Author: Charles Mackay

Publisher: Seltzer Books via PublishDrive

ISBN: 1455447692

Category: History

Page: 435

View: 5592

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

Author: Charles MacKay

Publisher: Cosimo, Inc.

ISBN: 1605205478

Category: History

Page: 108

View: 451

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 infamous tulip mania that seized Holland in the 1600s [ the South Sea bubble, the 18th-century stock swindle sometimes called "the Enron of England" 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 poetand songwriter, he also authored a Dictionary of Lowland Scotch.
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Author: John Kenneth Galbraith

Publisher: Penguin

ISBN: 110165080X

Category: Business & Economics

Page: 128

View: 2254

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.
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Author: Lawrie Reznek

Publisher: Rowman & Littlefield

ISBN: 1442206055

Category: Psychology

Page: 225

View: 8441

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.
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Bitcoin, Blockchain, Ethereum & Smart Contracts

Author: David Gerard

Publisher: David Gerard

ISBN: N.A

Category: Business & Economics

Page: 182

View: 5116

An experimental new Internet-based form of money is created that anyone can generate at home; people build frightening firetrap computers full of video cards, putting out so much heat that one operator is hospitalised with heatstroke and brain damage. A young physics student starts a revolutionary new marketplace immune to State coercion; he ends up ordering hits on people because they might threaten his great experiment, and is jailed for life without parole. Fully automated contractual systems are proposed to make business and the law work better; the contracts people actually write are unregulated penny stock offerings whose fine print literally states that you are buying nothing of any value. The biggest crowdfunding in history attracts $150 million on the promise that it will embody “the steadfast iron will of unstoppable code”; upon release it is immediately hacked, and $50 million is stolen. How did we get here? David Gerard covers the origins and history of Bitcoin to the present day, the other cryptocurrencies it spawned including Ethereum, the ICO craze and the 2017 crypto bubble, and the attempts to apply blockchains and smart contracts to business. Plus a case study on blockchains in the music industry. Bitcoin and blockchains are not a technology story, but a psychology story. Remember: if it sounds too good to be true, it almost certainly is. “A sober riposte to all the upbeat forecasts about cryptocurrency” — New York Review of Books “A very convincing takedown of the whole phenomenon” — BBC News
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A History of Financial Crises, Sixth Edition

Author: Charles P. Kindleberger,Robert Z. Aliber

Publisher: Palgrave Macmillan

ISBN: 0230365353

Category: Business & Economics

Page: 356

View: 3623

Selected as one of the best investment books of all time by the Financial Times, Manias, Panics and Crashes puts the turbulence of the financial world in perspective. Here is a vivid and entertaining account of how reckless decisions and a poor handling of money have led to financial explosions over the centuries. Covering topics such as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has been hailed as "a true classic . . . both timely and timeless." In this new, updated sixth edition, Kindleberger and Aliber expand upon the ideas presented in the previous edition to bring the history of the financial crisis up-to-date. It now includes two new chapters that provide an in-depth analysis of the causes, consequences and policy responses to the first global crisis of the 21st century, the Financial Crisis of 2007-2008. In addition, these new chapters also cover significant crises of the last fifteen years. The authors offer valuable lessons that will allow the reader to successfully navigate the financial crises of today and ones that lie ahead.
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Author: Charles MacKay

Publisher: Createspace Independent Publishing Platform

ISBN: 9781721742493

Category:

Page: 664

View: 5223

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.
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Author: Charles Mackay

Publisher: Broadway Books

ISBN: 9780517884331

Category: History

Page: 740

View: 7462

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.
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What You Need to Know about Gender Politics' War on Women, the Female Sex and Human Rights

Author: Ruth Barrett

Publisher: N.A

ISBN: 9780997146707

Category:

Page: N.A

View: 1488

Female Erasure is an anthology that celebrate female embodiment while exposing the current trend of gender-identity politics as a continuation of female erasure and silencing as old as patriarchy itself.
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Portions Descriptive of the Amsterdam Stock Exchange

Author: Jose De La Vega

Publisher: N.A

ISBN: 9781614274513

Category: Business & Economics

Page: 68

View: 8728

2013 Reprint of 1957 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. Joseph Penso de la Vega, best known as Joseph de la Vega (ca.1650-1692), was a successful Jewish merchant, poet, and philanthropist residing in 17th century Amsterdam. He became famous for his masterpiece "Confusion of Confusions" the oldest book ever written on the stock exchange business. Although not a descriptive account of the process of stock trading, Penso presented the history of speculation in stocks and acquainted the reader with the sophisticated financial instruments used. The dialogue format allowed the reader to understand the respective perspectives of the various market participants and the intricacies of speculation and trading. Penso also came up with four basic rules of the share market that are still of the greatest relevance today: The first rule in speculation is: Never advise anyone to buy or sell shares. Where guessing correctly is a form of witchcraft, counsel cannot be put on airs. The second rule: Accept both your profits and regrets. It is best to seize what comes to hand when it comes, and not expect that your good fortune and the favorable circumstances will last. The third rule: Profit in the share market is goblin treasure: at one moment, it is carbuncles, the next it is coal; one moment diamonds, and the next pebbles. Sometimes, they are the tears that Aurora leaves on the sweet morning's grass, at other times, they are just tears. The fourth rule: He who wishes to become rich from this game must have both money and patience. Includes Foreword by Hermann Kellenbenz.
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Author: George Charles Selden

Publisher: N.A

ISBN: N.A

Category: Speculation

Page: 120

View: 9520

"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].
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