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Used : The Great Crash, 1929 (Penguin business)
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The Great Crash, 1929 (Penguin business)by: John Kenneth Galbraith October 29, 1992 |
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This is a surprisingly good reference on the 1929 crash. The book is very readable considering the subject matter. For me the run up to the crash got a bit too much detail whereas the details of aftermath and solutions got less attention than I would have liked. He also focuses on trivia about suicide rates which is quite entertaining but doesn't seem to the point (which for me is to understand and avoid these kind of wild crashes).
We seem to have duplicated the conditions of this crash almost exactly in 2008 and indulged in the same property and derivative based speculation. It's also interesting that JK Galbraith goes against current (neo-liberal) orthodoxy e.g. the rich having too much money is destabilising rather than ... Read More: >>More Details |
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