Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, Volume Iby Charles MacKay
If you�ve ever wondered where popular catch phrases and slang comes from or why men�s beards go in and out of fashion, then this book is for you. How often do you come across a book that can explain most everything? Much of today�s news has a basis in prior historical events. The internet IPO market shares striking similarities to the Dutch �tulip mania� of the 1600�s. The conflict in the Middle East can trace its roots to the Crusades. The recent satanic child abuse trials are reminiscent of the European witch trials of the 1400s-1600s. This complete two-volume edition demonstrates that the madness and confusion of crowds knows no limits, and has no temporal bounds. Here are astonishing and entertaining tales of thievery, greed and madness. This informative, funny collection encompasses a broad range of manias and deceptions from haunted houses and the prophecies of Nostradamus to speculative excess. Charles MacKay explains it all in this classic edition. Enjoy!
Author Biography: Peter-Eric Philipp is Managing Editor of The Essential Library, a classic literature series for the modern reader. The series features engaging and approachable literary works drawn from the fields of drama, poetry, novels, and non-fiction. Peter has studied at Cambridge University, England and holds a degree in international political relations from the University of California at Berkeley. He currently resides in San Francisco.
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Please Note: The Essential Library Edition Volume 1 and 2 is the COMPLETE and AUTHORITATIVE EDITION - Accept No Edited, Condensed, or Abridged Versions!! You have been warned.... Why do otherwise intelligent individuals form seething masses of idiocy when they engage in collective action? Why do financially sensible people jump lemming-like into hare-brained speculative frenzies--only to jump broker-like out of windows when their fantasies dissolve? We may think that the Great Crash of 1929, junk bonds of the '80s, and over-valued high-tech stocks of the '90s are peculiarly 20th century aberrations, but Mackay's classic--first published in 1841--shows that the madness and confusion of crowds knows no limits, and has no temporal bounds. These are extraordinarily illuminating,and, unfortunately, entertaining tales of chicanery, greed and naivete. Essential reading for any student of human nature or the transmission of ideas. 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. Andrew Tobias said, "As with any true classic, once it is read it is hard to imagine not having known of it--and there is the COMPULSION to recommend it to others." ENOUGH SAID- Now Go & Buy Both Volumes (and see what other editions cut out!)