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Memoirs of Extraordinary Popular Delusions and the Madness of Crowds - Vol. II

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Author: Charles Mackay

Publisher: George Routledge & Co.

Year Printed: 1856

Edition: Third

Condition: Good

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Pages: 322

Height: 7.5 inches

Width: 5.2 inches

Notes:
Also see Volume I

Originally published in 1841 in 3 volumes. See the QFinance review.
  • Examines the psychology of crowds and mass mania throughout history, including many of the classic scams, financial bubbles, mass hysteria, and deceptions that have characterized the business world and beyond.

  • At once a gripping thriller and fascinating historical document, the book discusses the underlying processes that lead markets into boom-and-bust cycles that still occur today.

  • Considers why people form into irrational groups when they engage in collective action.


See the wikipedia page on Tulip Mania

See article published by IFA: 
Charles Mackay's Extraordinary Popular Delusions: Some Second Thoughts


Images:

Stock Market Crash of 1720, South Sea Bubble, Mississippi Scheme, Tulipomania, History, Market Psychology, Financial Crisis, Market Crises, Step 1: Active Investors, Step 3: Stock Pickers, Step 4: Time Pickers