001385932 000__ 03369cam\a22004934a\4500 001385932 001__ 1385932 001385932 003__ MaCbMITP 001385932 005__ 20240325105015.0 001385932 006__ m\\\\\o\\d\\\\\\\\ 001385932 007__ cr\un\nnnunnun 001385932 008__ 000225s2000\\\\mauab\\\ob\\\\001\0\eng\c 001385932 020__ $$a9780262273497$$q(electronic bk.) 001385932 020__ $$a0262273497$$q(electronic bk.) 001385932 020__ $$z0262072041$$q(hc ;$$qalk. paper) 001385932 020__ $$z9780262072045$$q(hc ;$$qalk. paper) 001385932 035__ $$a(OCoLC)52290440$$z(OCoLC)614549520$$z(OCoLC)648371070$$z(OCoLC)722745723$$z(OCoLC)728047170$$z(OCoLC)888475390$$z(OCoLC)923250117$$z(OCoLC)961636706$$z(OCoLC)962720457$$z(OCoLC)988432365$$z(OCoLC)992067546$$z(OCoLC)1037449238$$z(OCoLC)1037922936$$z(OCoLC)1038630884$$z(OCoLC)1045452231$$z(OCoLC)1055364645$$z(OCoLC)1064083261$$z(OCoLC)1081278053$$z(OCoLC)1083612480 001385932 035__ $$a(OCoLC-P)52290440 001385932 040__ $$aOCoLC-P$$beng$$epn$$cOCoLC-P 001385932 050_4 $$aHG6005$$b.G37 2000 001385932 072_7 $$aBUS$$x036060$$2bisacsh 001385932 08204 $$a332.63/228$$221 001385932 1001_ $$aGarber, Peter M. 001385932 24510 $$aFamous first bubbles :$$bthe fundamentals of early manias /$$cPeter M. Garber. 001385932 260__ $$aCambridge, Mass. :$$bMIT Press,$$c©2000. 001385932 300__ $$a1 online resource (xi, 163 pages) :$$billustrations, map 001385932 336__ $$atext$$btxt$$2rdacontent 001385932 337__ $$acomputer$$bc$$2rdamedia 001385932 338__ $$aonline resource$$bcr$$2rdacarrier 001385932 506__ $$aAccess limited to authorized users. 001385932 520__ $$aThe jargon of economics and finance contains numerous colorful terms for market-asset prices at odds with any reasonable economic explanation. Examples include "bubble," "tulipmania," "chain letter," "Ponzi scheme," "panic," "crash," "herding," and "irrational exuberance." Although such a term suggests that an event is inexplicably crowd-driven, what it really means, claims Peter Garber, is that we have grasped a near-empty explanation rather than expend the effort to understand the event.In this book Garber offers market-fundamental explanations for the three most famous bubbles: the Dutch Tulipmania (1634-1637), the Mississippi Bubble (1719-1720), and the closely connected South Sea Bubble (1720). He focuses most closely on the Tulipmania because it is the event that most modern observers view as clearly crazy. Comparing the pattern of price declines for initially rare eighteenth-century bulbs to that of seventeenth-century bulbs, he concludes that the extremely high prices for rare bulbs and their rapid decline reflects normal pricing behavior. In the cases of the Mississippi and South Sea Bubbles, he describes the asset markets and financial manipulations involved in these episodes and casts them as market fundamentals. 001385932 588__ $$aOCLC-licensed vendor bibliographic record. 001385932 60010 $$aLaw, John,$$d1671-1729. 001385932 61020 $$aCompagnie des Indes$$xHistory. 001385932 650_0 $$aSpeculation$$xHistory. 001385932 650_0 $$aTulip Mania, 1634-1637. 001385932 650_0 $$aSouth Sea Bubble, Great Britain, 1720. 001385932 653__ $$aECONOMICS/Finance 001385932 655_0 $$aElectronic books 001385932 852__ $$bebk 001385932 85640 $$3MIT Press$$uhttps://univsouthin.idm.oclc.org/login?url=https://doi.org/10.7551/mitpress/2958.001.0001?locatt=mode:legacy$$zOnline Access through The MIT Press Direct 001385932 85642 $$3OCLC metadata license agreement$$uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf 001385932 909CO $$ooai:library.usi.edu:1385932$$pGLOBAL_SET 001385932 980__ $$aBIB 001385932 980__ $$aEBOOK 001385932 982__ $$aEbook 001385932 983__ $$aOnline