Manias, Panics, and Crashes: A History of Financial Crises, Seventh Edition

The first edition of Charles Kindleberger's brilliant, panoramic history, published in 1978, summarized the pattern of market developments and the five stages in the evolution of a financial crisis. Robert Z. Aliber probes the sequence of four waves of crises that have involved more than forty countries since the early 1980s and shows that implosions of their banking systems do not follow from the decisions of 'bad actors' but instead are symptomatic of a dysfunctional international monetary arrangement.

With an updated Foreword from Robert M. Solow and a new Afterword from Lord Robert Skidelsky, this seventh edition exemplifies the continued importance of Kindleberger's work and Aliber's ongoing examination of financial crises around the world.

 

• This Time Is Different: Eight Centuries of Financial Folly
• Irrational Exuberance: Revised and Expanded Third Edition
• Devil Take the Hindmost: A History of Financial Speculation
• Big Debt Crises
• The Great Crash 1929
• A Short History of Financial Euphoria (Penguin Business)
• The Alchemy of Finance
• The Panic of 1907: Lessons Learned from the Market's Perfect Storm
• After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead
• Lords of Finance: The Bankers Who Broke the World