Manias, Panics, and Crashes (Seventh Edition)

A History of Financial Crises

De: Robert Z. Aliber, Charles P. Kindleberger

Narrado por: Alister Austin

Manias, Panics, and Crashes is a scholarly and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries. Covering such topics as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has been hailed as "a true classic...both timely and timeless".

This seventh edition of an investment classic has been thoroughly revised and expanded following the latest crises to hit international markets. Renowned economist Robert Z. Aliber introduces the concept that global financial crises in recent years are not independent events, but symptomatic of an inherent instability in the international system.

©2015 Robert Z. Aliber and Charles P. Kindleberger (P)2021 Upfront Books

Most comprehensive book on the subject matter

I read over a hundred books the global financial system. This book is my favorite. It provides deep insight on the real drivers that the investment community does not comment on.

A Financial Manual

Great book. Definitely goes deep into the topics. Over my head at times and occasionally repetitive but still a great read and worth reviewing in times of financial turmoil.

A classic, but not an easy classic

This is a classic. The book on history of financial crises. All stages of a crisis are beautifully explained and generalized. Having said that, this is not an easy listen. Not really a book you want to run an extra lap to finish a chapter.

Way over my head

Some pieces of it were really good but was way too verbose and complicated for me

Clear and modulated for conducive understanding

The performance is clear and modulated for conducive understanding. The book is illuminating and comprehensive.

Not a good narrator

Narrator pronounces S as a T which is very annoying and also grammatically incorrect. It should be in a neutral English for more people to understand and enjoy. but I guess the goal was not to reach a larger audience rather to show how posh you are.

Save your money

HORRIBLE narration. Unbearable droning on and on with a faux British accent. Bizzarre misproununciations. The content is boring, repetitive and I've heard all of it in other books.

There is nothing to learn from this book

It is just a display of the "facts", no analysis, no conclusions. I don't know what people can draw from this book.

Lack of theoretical underpinning

Very disappointing. I expected much better but never heard a word about central banks playing with money interest rates versus the natural rate of interest. Nor why with economic progress deflation of money prices should not be the natural order of things. So what did Benjamin Strong, Montagu Norman, Alan Greenspan, Ben Bernanke et al think they were doing? Economists rend to hate price controls so why is fixing interest rates by central bank fiat compatible with a properly functioning economy? There was no economic theory underpinning to explain what started to sound like a pastiche of media stories since the the 70s

Monotonous and droning

Very difficult to follow. Probably the writing to blame not the performance. Very dense and little emphasis to separate one idea from another