Extraordinary Popular Delusions and the Madness of Crowds

Author: Charles Mackay

Publisher: Harriman House Limited

ISBN: 0857191071

Category: Business & Economics

Page: 114

View: 5418

First published in 1841, Extraordinary Popular Delusions and the Madness of Crowds is often cited as the best book ever written about market psychology. This Harriman House edition includes Charles Mackay's account of the three infamous financial manias - John Law's Mississipi Scheme, the South Sea Bubble, and Tulipomania. Between the three of them, these historic episodes confirm that greed and fear have always been the driving forces of financial markets, and, furthermore, that being sensible and clever is no defence against the mesmeric allure of a popular craze with the wind behind it. In writing the history of the great financial manias, Charles Mackay proved himself a master chronicler of social as well as financial history. Blessed with a cast of characters that covered all the vices, gifted a passage of events which was inevitably heading for disaster, and with the benefit of hindsight, he produced a record that is at once a riveting thriller and absorbing historical document. A century and a half later, it is as vibrant and lurid as the day it was written. For modern-day investors, still reeling from the dotcom crash, the moral of the popular manias scarcely needs spelling out. When the next stock market bubble comes along, as it surely will, you are advised to recall the plight of some of the unfortunates on these pages, and avoid getting dragged under the wheels of the careering bandwagon yourself.

Charles Mackay’s Extraordinary Popular Delusions and the Madness of Crowds

A modern-day interpretation of a finance classic

Author: Tim Phillips

Publisher: Infinite Ideas

ISBN: 190775590X

Category: Business & Economics

Page: 120

View: 2833

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.

Memoirs of Extraordinary Popular Delusions and the Madness of Crowds

Author: Charles Mackay

Publisher: Essential Library

ISBN: 9780738843087

Category: Biography & Autobiography

Page: 364

View: 4760

If you’ve ever wondered where popular catch phrases and slang comes from or why men’s beards go in and out of fashion, then this book is for you. How often do you come across a book that can explain most everything? Much of today’s news has a basis in prior historical events. The internet IPO market shares striking similarities to the Dutch “tulip mania” of the 1600’s. The conflict in the Middle East can trace its roots to the Crusades. The recent satanic child abuse trials are reminiscent of the European witch trials of the 1400s-1600s. This complete two-volume edition demonstrates that the madness and confusion of crowds knows no limits, and has no temporal bounds. Volume I contains the following: The Mississippi Scheme The South Sea Bubble The Tulipomania The Alchymists Modern Prophecies Fortune Telling The Magnetisers Here are astonishing and entertaining tales of thievery, greed and madness. This informative, funny collection encompasses a broad range of manias and deceptions from haunted houses and the prophecies of Nostradamus to speculative excess. Charles MacKay explains it all in this classic edition. Enjoy!

Extraordinary Popular Delusions

Author: Charles Mackay

Publisher: Courier Corporation

ISBN: 0486147878

Category: Business & Economics

Page: 112

View: 6258

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

Extraordinary Popular Delusions and the Madness of Crowds and ConfusiÃ3n de Confusiones

Author: Charles Mackay

Publisher: John Wiley & Sons

ISBN: 9780471133124

Category: Business & Economics

Page: 214

View: 8465

A study of crowd behavior includes two landmark books of the past, Extraordinary Popular Delusions and the Madness of Crowds and Confusions de Confusions, that show how markets are shaped by the fluctuations of mob psychology. Reprint.

Extraordinary Popular Delusions & the Madness of Crowds

Author: Charles Mackay

Publisher: Broadway Books

ISBN: 9780517884331

Category: History

Page: 740

View: 991

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.

Extraordinary Popular Delusions and the Madness of Crowds Financial Panics and Manias

Author: Charles Mackay

Publisher: Martino Fine Books

ISBN: 9781578987665

Category: History

Page: 108

View: 1584

REPRINT. 106 pp. Mackay's original work, first published in 1841 in three volumes, is an account of irrational human behavior across many spectra. Financial panics, occultism, witch mania and the crusades were among the topics he covered. The present edition reprints only those portions of Mackay's original work that deal with financial mania and panics.Among the alleged bubbles or financial manias described by Mackay is the South Sea Company bubble of 1711-1720, the Mississippi Company bubble of 1719-1720, and the Dutch tulip mania of the early seventeenth century. According to Mackay, during this bubble, speculators from all walks of life bought and sold tulip bulbs and even futures contracts on them. Allegedly some tulip bulb varieties briefly became the most expensive objects in the world during 1637.Financier Bernard Baruch credited the lessons he learned from Extraordinary Popular Delusions and the Madness of Crowds with his decision to sell all his stock ahead of the financial crash of 1929.


The classic guide to crowd psychology, financial folly and surprising superstition

Author: Charles Mackay

Publisher: Harriman House Limited

ISBN: 0857197436


Page: 588

View: 8875

"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one..." Extraordinary Popular Delusions and the Madness of Crowds is the original guide to behavioural psychology - and how manias, follies and superstitions begin, spread and (eventually) pass. A hugely entertaining tour through financial scams and stock market bubbles, alchemical quests and prophecy wars, duelling bouts and relic hunts, the book is as insightful and memorable today as when it was first published almost 180 years ago. This edition comes with an exclusive foreword by Russell Napier, author of Anatomy of the Bear. Harriman Definitive Editions offer the best quality editions of the best financial books of all time. Beautifully typeset in new designs, accompanied by forewords by the best modern financial writers, printed and bound in high-quality hardcovers on acid-free paper - they are essential long-term additions to the portfolio of every investor and trader.

Gier und Wahnsinn

Warum der Crash immer wieder kommt...

Author: Charles MacKay,Joseph de la Vega

Publisher: FinanzBuch Verlag

ISBN: 3862485234

Category: Business & Economics

Page: 204

View: 1905

Das Finanzmagazin Forbes nannte Charles MacKays Werk das "wichtigste Buch, das je über Investments geschrieben worden ist". Der Leser erfährt authentisch und äußerst unterhaltsam alles über den Tulpenwahn in Holland von 1634–1637, John Laws großes Mississippi-Projekt von 1719–1720, das ganz Frankreich ruinierte, und die englische Südseeblase von 1720, die durchaus Ähnlichkeiten mit der Technologieblase von 1997–2000 und der Emission der Aktie der Deutschen Telekom aufweist. Charles MacKay setzte es sich zum Ziel, massenhafte Selbsttäuschung und Herdenverhalten zu entlarven, um deutlich zu machen, wie bei Massenphänomenen nur allzu oft die Rationalität aussetzt. Bei Joseph de la Vega stehen das Tagesgeschäft und die Manipulationen an der Amsterdamer Börse im Vordergrund. Nach de la Vega kämpfen verschiedene Gruppen – Bullen und Bären, Aktienbesitzer, Kaufleute und Spekulanten – miteinander und versuchen, durch List und Verwirrung Vorteile zu erlangen. Diese einzigartigen Klassiker der Finanzgeschichte erscheinen erstmals in einem Werk vereint und zeigen dem Leser, dass sich gerade in Krisen die Ereignisse stetig wiederholen.

Life and Liberty in America, Sketches of a Tour in the United States and Canada in 1857-8

Author: Charles Mackay

Publisher: Cosimo, Inc.

ISBN: 159605431X

Category: Travel

Page: 416

View: 9483

In visiting a rice plantation, my object was not so much to satisfy myself that the slave-owners of America are kind to their negroes, as to satisfy the public opinion of Charleston that English travelers are not prejudiced against Southern proprietors...-from "A Rice Plantation"Life and Liberty in America in America. The title is intentionally ironic-Charles Mackay was well aware of the paradox of studying liberty in a slave-holding nation; his biting wit and extraordinarily opinionated personality shines through in this intriguing work. Subtitled "Sketches of a Tour in the United States and Canada in 1857-8" and first published in 1860, Mackay's impressions span the continent, from New York's Broadway at night-which is far less the boulevard of vice Mackay expected, and nothing, he assures, to compare to the decadence of London or Paris-to the Mormons of Utah-McKay bitterly wonders why America's freedom of religion should extend to a faith he deems "superstitious." As a document of America just prior to the Civil War, seen through the eyes of an outsider, this is a fascinating and historically important book.Also available from Cosimo Classics: Mackay's Memoirs of Extraordinary Popular Delusions and the Madness of Crowds.Scottish journalist CHARLES MACKAY (1814-1889) held an honorary law degree from Glasgow University, as well as a doctorate in literature. A renowned poet and songwriter, he also authored a Dictionary of Lowland Scotch.


The Encyclopedia of Extraordinary Social Behavior

Author: Hilary Evans,Robert E. Bartholomew

Publisher: Anomalist Books, LLC

ISBN: 1933665254

Category: Psychology

Page: 765

View: 9482

From fads, crazes, and manias to collective delusions, scares, panics, and mass hysterias, history is replete with examples of remarkable social behavior. Many are fueled by fear and uncertainty; others are driven by hope and expectation. For others still, the causes are more obscure. This massive collection of extraordinary social behaviors spans more than two millennia, and attempts to place many of the episodes within their greater historical and cultural context. Perhaps the most well known example of unusual collective behavior occurred in 1938, when a million or more Americans were frightened or panicked after listening to a realistic radio drama about a Martian invasion of New Jersey, based on an adaptation of the H.G. Wells novel "War of the Worlds." Less known but equally remarkable scares based on Wells' book occurred in Chile in 1944 (when Army units were mobilized), in Ecuador in 1949 (when riots broke out, leaving more than a dozen dead), as well as in Buffalo in 1968, Rhode Island in 1974, and Europe in 1988 and 1998. The modern civilized world is by no means immune to such peculiar episodes. In the late 20th century, scores of people in the U.S. and Europe were wrongly incarcerated following claims of Satanic ritual abuse by authorities untutored in False Memory Syndrome. This episode recalls the European witch terror of the late Middle Ages, when innocent people were tortured and executed for consorting with the Devil based on the flimsiest of evidence. OUTBREAK! THE ENCYCLOPEDIA OF EXTRAORDINARY SOCIAL BEHAVIOR is an authoritative reference on a broad range of topics: collective behavior, deviance, social and perceptual psychology, sociology, history, folklore, religious studies, political science, social anthropology, gender studies, critical thinking, and mental health. Never before have so many sources been brought together on the mesmerizing topic of collective behavior.

Behavioral Economics und Neurofinance

Author: Eva Glanze

Publisher: GRIN Verlag

ISBN: 365606055X


Page: 40

View: 2246

Studienarbeit aus dem Jahr 2010 im Fachbereich BWL - Investition und Finanzierung, Note: 1,0, European School of Business Reutlingen, Sprache: Deutsch, Abstract: Die Zahl der Publikationen uber Behavioral Economics und das Spezialgebiet der Neurofinance steigt stetig. In den Medien werden immer haufiger bahnbrechende Forschungsergebnisse verkundet - Die Basisannahme, dass etwas anderes als die reine Vernunft die vom Menschen getroffenen wirtschaftlichen Entscheidungen bestimmt, ist jedoch nicht neu. Schon 1841 beschrieb Charles Mackay in Extraordinary Popular Delusions and the Madness of Crowds," wie menschliche Emotionen und Gefuhle Entscheidungen beeinflussen . Nach der aktuellen Lehrmeinung der Behavioral Economics entspricht die Annahme eines rein am Zweck orientierten Verhaltens des Menschen nicht der Realitat. Wie ist das menschliche Verhalten in wirtschaftlichen Entscheidungssituationen, besonders in Bezug auf Finanzfragen, dann zu erklaren? Die vorliegende Seminararbeit stellt zu einer moglichen Beantwortung dieser Frage das vielfaltige Forschungsgebiet der Behavioral Economics mit dem Schwerpunkt Neurofinance vor."