This Harriman House edition includes Charles Mackay's account of the three infamous financial manias - John Law's Mississipi Scheme, the South Sea Bubble, and Tulipomania.
Time and again, we can avoid disastrous pitfalls and learn to profit by seeing how history repeats itself. Fascinating, mesmerizing, strikingly strange, and amazingly wise, this book will never be forgotten and cannot be ignored.
With its blend of historical analysis and psychological inquiry, the book offers a compelling glimpse into the inner workings of the human mind and the dynamics of mass hysteria.
The book chronicles its subjects in three parts: "National Delusions", "Peculiar Follies", and "Philosophical Delusions". MacKay was an accomplished teller of stories, though he wrote in a journalistic and somewhat sensational style.