The 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,"...

In "Speculative Bubbles, Speculative Attacks, and Policy Switching", der Autor Peter M. Garber untersucht die Dynamik und Auswirkungen von spekulativen Blasen und Angriffen in der Weltwirtschaft. Er analysiert verschiedene historische...