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In fact, cases such as Tulipomania in 1624--when Tulip bulbs traded at a higher price than gold--suggest the existence of what I would dub "Mackay's Law of Mass Action:" when it comes to the effect of social behavior on the intelligence of individuals, 1+1 is often less than 2, and sometimes considerably less than 0. --This text refers to an out of print or unavailable edition of this title.
Very dated book, but interesting to skim through for historic reasons. Not too easy to stay focused because of the old style.Published 22 hours ago by Kameel Nasr
An most excellent book written about 1840. From this history it is easy to understand the current bubbles in the economy. The housing bubble, the stock market bubble, etc. Read morePublished 1 month ago by Lower Alabama
First part about financial type bubbles was OK, but then it got into a rambling on a wide variety of other subjects that was not so good and I am not sure of the historical... Read morePublished 3 months ago by r
This is a book to have in these days. You can clearly see after reading this that many people, countries included did not learn from their failures, and thus are doomed to repeat... Read morePublished 4 months ago by Padre Mellyrn
Interesting ideas but would have been better served in half the number of words.
Just too long winded to avoid becoming boring.