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Great Bubbles - Reactions to the South Sea Bubble, the Mississippi Scheme and the Tulip Mania Affair (Hardcover)
Loot Price: R8,470
Discovery Miles 84 700
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Great Bubbles - Reactions to the South Sea Bubble, the Mississippi Scheme and the Tulip Mania Affair (Hardcover)
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Periods of euphoria followed by sudden crashes are a familiar
phenomenon in economics. Such events have become known as bubbles.
A bubble may be defined loosely as a sharp rise in price of an
asset or a range of assets in a continuous process, with the
initial rise generating expectations of further rises and
attracting new buyers. The rise is then followed by a reversal of
expectations and a sharp decline in price, often resulting in
severe financial crisis - in short, the bubble bursts.
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