A Short History of Financial Euphoria (Summary)

ebook

By John Kenneth Galbraith

cover image of A Short History of Financial Euphoria (Summary)

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getAbstract Summary: Get the key points from this book in less than 10 minutes.

John Kenneth Galbraith's short, literary book on financial speculation and the inevitability of subsequent economic catastrophe contends that devastating financial collapse is built into the free-enterprise system – an idea as intriguing today as it was when this book debuted in the mid-1990s. The late famous economist ended this treatise with a chilling question: "When will come the next great speculative episode and in what venue will it recur?" Everyone now knows the answer to that question all too well. Alarmingly, according to Galbraith, the travails that capitalist economies are now grimly experiencing will recur over and over. getAbstract suggests that anyone who wants to understand the kinks in the system – and human nature – that will continue to lead to hugely devastating, economic train wrecks should read Galbraith's book.

Book Publisher:

Penguin

A Short History of Financial Euphoria (Summary)