The cover of Extraordinary Popular Delusions and the Madness of Crowds

Extraordinary Popular Delusions and the Madness of Crowds

How easily are whole crowds led astray by manias, bubbles and shared delusions?

At a glance

Author
Charles Mackay

Why read it

  • You will see why people imitate one another even in their infatuations, as the author shows across many episodes
  • You will learn how the rage for tulips spread from the wealthy to merchants and shopkeepers of modest means
  • You will recognize how money manias like the Mississippi scheme and the South Sea Bubble can sweep whole nations into reckless speculation

Who it is for

  • Investor wary of hype and fast rising prices
  • Reader who enjoys old tales of public folly
  • Student of financial history and crowd behavior

Contents

  1. PREFACE
  2. PREFACE: TO EDITION OF 1852
  3. MONEY MANIA — THE MISSISSIPPI SCHEME
  4. THE SOUTH-SEA BUBBLE
  5. THE TULIPOMANIA

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