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Manias, Panics, and Crashes cover

Manias, Panics, and Crashes

Robert Aliber

Business

Kindleberger and Aliber's standard reference on financial bubbles. Recommended by Raoul Pal.

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  • “It is the definitive informal history of financial bubbles and euphorias, which have done so much to shape history—whether it was the stock market bubble that preceded the Great Depression or the bubble in Japan in the late 1980s or the mania associated with tulips in Holland centuries ago.”

    The page cites Larry Summers' Five Books interview on globalization.

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