Daftar Isi: Manias, Panics and Crashes A History of Financial Crises

Daftar Isi:

Charlie Kindleberger (CPK from now on) was a delightful colleague: perceptive, responsive, curious about everything, full of character, and, above all, lively. Those same qualities are everywhere evident in Manias, Panics and Crashes. I think that CPK began to work on the book in the spirit of writing a natural history, rather as Darwin must have done at the stage of the Beagle � collecting, examining and classifying interesting specimens. Manias, panics and crashes had the advantage over rodents, birds and beetles that they were accompanied by the rhetoric of contemporaries, sometimes with insight, sometimes just blather. It was CPK�s style as an economic historian to hunt for interesting things to learn, not to pursue a systematic agenda. Of course, he was an economist by training and experience, and he soon found patterns and regularities, and causes and effects. What caught his eye especially were the irrationalities that seemed so often to enmesh those directly or indirectly enmeshed in the events themselves. By itself that would have been merely entertaining. The story got interesting for CPK with the interaction of behavior and institutions. The occurrence of manias, panics and crashes, and their ultimate scope, also depended very much on the monetary and capitalmarket institutions of the time