Periods of euphoria followed by sudden crashes are a familiar phenomenon in economics. Such events have become known as "bubbles". A bubble may be defined loosely as a sharp rise in price of an asset or a range of assets in a continuous process, with the initial rise generating expectations of further rises and attracting new buyers. The rise is then followed by a reversal of expectations and a sharp decline in price, often resulting in severe financial crisis - in short, the bubble bursts. These volumes bring together writings on such phenomena - with works centering upon some of the more colourful examples. They concentrate on the impact and legacy of three of the most prominent bubbles - the Tulip Mania of 1636, the Mississippi Bubble of 1720 and the South Sea Bubble of the same period.
