Buy new:
$31.24
FREE delivery Friday, May 3 on orders shipped by Amazon over $35
Ships from: Amazon.com
Sold by: Amazon.com
List Price: $37.99 Details

The List Price is the suggested retail price of a new product as provided by a manufacturer, supplier, or seller. Except for books, Amazon will display a List Price if the product was purchased by customers on Amazon or offered by other retailers at or above the List Price in at least the past 90 days. List prices may not necessarily reflect the product's prevailing market price.
Learn more
Save: $6.75 (18%)
Get Fast, Free Shipping with Amazon Prime FREE Returns
FREE delivery Friday, May 3 on orders shipped by Amazon over $35
Or fastest delivery Thursday, May 2. Order within 20 hrs 10 mins
In Stock
$$31.24 () Includes selected options. Includes initial monthly payment and selected options. Details
Price
Subtotal
$$31.24
Subtotal
Initial payment breakdown
Shipping cost, delivery date, and order total (including tax) shown at checkout.
Ships from
Amazon.com
Ships from
Amazon.com
Sold by
Amazon.com
Sold by
Amazon.com
Returns
Eligible for Return, Refund or Replacement within 30 days of receipt
Eligible for Return, Refund or Replacement within 30 days of receipt
This item can be returned in its original condition for a full refund or replacement within 30 days of receipt.
Read full return policy
Returns
Eligible for Return, Refund or Replacement within 30 days of receipt
This item can be returned in its original condition for a full refund or replacement within 30 days of receipt.
Read full return policy
Payment
Secure transaction
Your transaction is secure
We work hard to protect your security and privacy. Our payment security system encrypts your information during transmission. We don’t share your credit card details with third-party sellers, and we don’t sell your information to others. Learn more
Payment
Secure transaction
We work hard to protect your security and privacy. Our payment security system encrypts your information during transmission. We don’t share your credit card details with third-party sellers, and we don’t sell your information to others. Learn more
FREE delivery May 6 - 7. Details
Used: Good | Details
Sold by textbooks_source
Condition: Used: Good
Comment: Ships in a BOX from Central Missouri! May not include working access code. Will not include dust jacket. Has used sticker(s) and some writing or highlighting. UPS shipping for most packages, (Priority Mail for AK/HI/APO/PO Boxes).
Access codes and supplements are not guaranteed with used items.
Amazon book clubs early access
Loading your book clubs
There was a problem loading your book clubs. Please try again.
Not in a club? Learn more
Amazon book clubs early access

Join or create book clubs

Choose books together

Track your books
Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free.
Explore Amazon Book Clubs
Kindle app logo image

Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet, or computer - no Kindle device required.

Read instantly on your browser with Kindle for Web.

Using your mobile phone camera - scan the code below and download the Kindle app.

QR code to download the Kindle App

Follow the author

Robert Z. Aliber
Follow
Something went wrong. Please try your request again later.

Manias, Panics, and Crashes: A History of Financial Crises 8th ed. 2023 Edition

4.1 4.1 out of 5 stars 12 ratings
See all formats and editions
{"desktop_buybox_group_1":[{"displayPrice":"$31.24","priceAmount":31.24,"currencySymbol":"$","integerValue":"31","decimalSeparator":".","fractionalValue":"24","symbolPosition":"left","hasSpace":false,"showFractionalPartIfEmpty":true,"offerListingId":"pDVDuxb9lDGMDl78E3R8CwUyA%2BMGghJ9356yLX8iqyn24H4GJp5Ax9twnQaGrGw2BeY9UedOaDjp7RYNeyIR40OqGMRDkt6ZIuUHryays3qkuMzjbRCsMb0QLCYfGnZXXRrHM2CfWYZtKq1%2FZPf9qQ%3D%3D","locale":"en-US","buyingOptionType":"NEW","aapiBuyingOptionIndex":0}, {"displayPrice":"$29.45","priceAmount":29.45,"currencySymbol":"$","integerValue":"29","decimalSeparator":".","fractionalValue":"45","symbolPosition":"left","hasSpace":false,"showFractionalPartIfEmpty":true,"offerListingId":"pDVDuxb9lDGMDl78E3R8CwUyA%2BMGghJ9LV463tA8tgTHqEtwAf9ZpB3%2Bf4JyaEgGPT6ugKgC1vI4D1ecfDziqYyl7IvYDxP2i9cqTXoPCL%2Fy7Jrr0DHyGgb%2BSMxU2tOEerkliLm0ghFoqnBQ35anztRwAQHOp2BCuSAxISNRm%2BSH4NsHtWYevg%3D%3D","locale":"en-US","buyingOptionType":"USED","aapiBuyingOptionIndex":1}]}

Purchase options and add-ons

In the Eighth Edition of this classic text on the financial history of bubbles and crashes, Robert McCauley joins with Robert Aliber in building on Charles Kindleberger's renowned work. McCauley draws on his central banking experience to introduce new chapters on cryptocurrency and the United States as the 21st Century global lender of last resort. He also updates the book's coverage of the recent property bubble in China, as well as providing new perspectives on the US housing bubble of 2003-2006, and the Japanese bubble of the late 1980s. And he gives new attention to the social psychology that leads people to take the risk of investing in Ponzi schemes and asset price bubbles. For the first time in this revised and updated edition, figures highlight key points to ensure that today’s generation of finance and economic researchers, students, practitioners and policy-makers―as well as investors looking to avoid crashes―have access to this panoramic history of financial crisis.
Previous page
  1. ISBN-10
    303116007X
  2. ISBN-13
    978-3031160073
  3. Edition
    8th ed. 2023
  4. Publisher
    Palgrave Macmillan
  5. Publication date
    March 7, 2023
  6. Language
    English
  7. Dimensions
    6.1 x 1.01 x 9.25 inches
  8. Print length
    448 pages
  9. See all details
Next page
Amazon First Reads | Editors' picks at exclusive prices

Frequently bought together

Manias, Panics, and Crashes: A History of Financial Crises
$31.24
Get it as soon as Friday, May 3
In Stock
Ships from and sold by Amazon.com.
+
The Price of Time: The Real Story of Interest
$22.45
Get it as soon as Friday, May 3
In Stock
Ships from and sold by Amazon.com.
+
The Ascent of Money: A Financial History of the World: 10th Anniversary Edition
$13.15
Get it as soon as Friday, May 3
In Stock
Ships from and sold by Amazon.com.
Total price:
To see our price, add these items to your cart.
Details
Added to Cart
Choose items to buy together.

Editorial Reviews

From the Back Cover

In the Eighth Edition of this classic text on the financial history of bubbles and crashes, Robert McCauley joins with Robert Aliber in building on Charles Kindleberger's renowned work. McCauley draws on his central banking experience to introduce new chapters on cryptocurrency and the United States as the 21st Century global lender of last resort. He also updates the book's coverage of the recent property bubble in China, as well as providing new perspectives on the US housing bubble of 2003-2006, and the Japanese bubble of the late 1980s. And he gives new attention to the social psychology that leads people to take the risk of investing in Ponzi schemes and asset price bubbles. For the first time in this revised and updated edition, figures highlight key points to ensure that today’s generation of finance and economic researchers, students, practitioners and policy-makers―as well as investors looking to avoid crashes―have access to this panoramic history of financial crisis.

About the Author

Robert Z. Aliber is Professor Emeritus of International Economics and Finance at the University of Chicago Booth School of Business, USA. He was director of the Center for Studies in International Finance; on the research staff for the Committee for Economic Development and Commission on Money and Credit; and senior economic advisor for the Agency for International Development, U.S. Department of State. Aliber has consulted to the Board of Governors of the Federal Reserve System and to other U.S. government agencies, the World Bank and the International Monetary Fund, testified before committees of the Congress, and lectured extensively in the United States and abroad.

The late Charles P. Kindleberger was the Ford Professor of Economics at MIT for 33 years and author of over 30 books. He was best known as a financial historian, whom the Economist referred to as 'the master of the genre' on financial crisis. Headvanced the study of international finance and helped to devise the Marshall Plan, approved by Congress, for Europe's reconstruction after World War II. During his tenure at MIT, Kindleberger was a consultant to the federal government several times, most often for the Treasury and the Federal Reserve. In 1985, he was president of the American Economic Association.

Robert N. McCauley is a wide-ranging economist with particular expertise in international financial markets and the global domain of the dollar. His central banking career spanned 38 years at the Federal Reserve Bank of New York and the Bank for International Settlements (BIS), including three years as head of the BIS Asian Office in Hong Kong SAR. In 1999, he co-authored Dodging Bullets: Changing U.S. Corporate Capital Structures in the 1980s and 1990s, an application of the Minsky-Kindleberger model to the corporate leveraging mania.He is currently nonresident senior fellow at the Global Development Policy Center at Boston University and associate member of the Faculty of History at the University of Oxford.

Product details

  • Publisher ‏ : ‎ Palgrave Macmillan; 8th ed. 2023 edition (March 7, 2023)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 448 pages
  • ISBN-10 ‏ : ‎ 303116007X
  • ISBN-13 ‏ : ‎ 978-3031160073
  • Item Weight ‏ : ‎ 1.5 pounds
  • Dimensions ‏ : ‎ 6.1 x 1.01 x 9.25 inches
  • Customer Reviews:
    4.1 4.1 out of 5 stars 12 ratings

About the author

Follow authors to get new release updates, plus improved recommendations.
Robert Z. Aliber

Robert Z. Aliber

Brief content visible, double tap to read full content.
Full content visible, double tap to read brief content.

Discover more of the author’s books, see similar authors, read author blogs and more

Customer reviews

4.1 out of 5 stars
4.1 out of 5
12 global ratings

Top reviews from the United States

Student
5.0 out of 5 stars Great book
Reviewed in the United States on June 17, 2023
Verified Purchase
Interesting take on China's property market and the role of the fed in the early 21st century. Worth reading the latest version.
3 people found this helpful
Helpful
 Report
Dan
5.0 out of 5 stars Great book
Reviewed in the United States on July 30, 2023
Eighth edition
Helpful
 Report
Bruce Schindler
3.0 out of 5 stars For Insiders Only
Reviewed in the United States on April 12, 2024
Verified Purchase
Don't buy this unless you are very steeped in finance and macroeconomics. This is for insiders. You can be fairly knowledgeable in these areas yet most of this will sail over your head. If you're looking for theory and general principles this isn't the book. This is highly detailed, a virtual encyclopedia.
Helpful
 Report
Raymond James
1.0 out of 5 stars waste of money
Reviewed in the United States on March 23, 2023
Verified Purchase
waste of money
2 people found this helpful
Helpful
 Report
P. Caetano
5.0 out of 5 stars Convincing on mania-crisis financial cycles and helpful to predict them
Reviewed in the United States on April 16, 2023
Verified Purchase
This book is a theoretical, historical and practical take on Minsky's model of financial crisis and instability. It starts by logically explaining in a simple manner cyles of A) mania, euphoria and speculation linked to credit expansion, falling into, once the first insiders start to sell and profit big B) a stamped of folks trying to cash out, panic that will eventually lead to a big crash/bubble burst. The authors explain that this happens because more often than not when people buy anything with hopes of getting a profit, from dutch tulips in the past to modern foreign imports, they do so on the basis of recent increases in prices and anticipating that such prices will continue to increase as more people join the frenzy. This is contrarian to Prudent/value investors who invest based on the estimates of the earning power of the asset. If all were prudent then behavior would be less prone to feed the manias. These spiraling prices eventually come down and burst suddenly in timings not easy to predict. However, the book's helpful many historical and data driven reports of such financial cycles equip you to understand at least better than average whether you find yourself in such a cycle and in which part. For example, when buying a house or a stock. The writing style of the book is a bit tedious but the book chapters are well and logically organized: first describing the Minsky model, then the mania part and implications, subsequently moving to crisis and implications. Plus, specifical historical situations and examples all the way to bitcoin and fed recent examples where the whole cycle is described in that situation. What is interesting and most telling of it all as a predictive model/tool is that the book was published just a bit (weeks) before the Sillicon Valley Bank collapse. Nevertheless, the SVB example could fit into many of the book's paragraph about what happens in such banking collapses. Nothing new under the sun except for those who dont read or know history and hence repeat its mistakes.
Customer image
P. Caetano
5.0 out of 5 stars Convincing on mania-crisis financial cycles and helpful to predict them
Reviewed in the United States on April 16, 2023
This book is a theoretical, historical and practical take on Minsky's model of financial crisis and instability. It starts by logically explaining in a simple manner cyles of A) mania, euphoria and speculation linked to credit expansion, falling into, once the first insiders start to sell and profit big B) a stamped of folks trying to cash out, panic that will eventually lead to a big crash/bubble burst. The authors explain that this happens because more often than not when people buy anything with hopes of getting a profit, from dutch tulips in the past to modern foreign imports, they do so on the basis of recent increases in prices and anticipating that such prices will continue to increase as more people join the frenzy. This is contrarian to Prudent/value investors who invest based on the estimates of the earning power of the asset. If all were prudent then behavior would be less prone to feed the manias. These spiraling prices eventually come down and burst suddenly in timings not easy to predict. However, the book's helpful many historical and data driven reports of such financial cycles equip you to understand at least better than average whether you find yourself in such a cycle and in which part. For example, when buying a house or a stock. The writing style of the book is a bit tedious but the book chapters are well and logically organized: first describing the Minsky model, then the mania part and implications, subsequently moving to crisis and implications. Plus, specifical historical situations and examples all the way to bitcoin and fed recent examples where the whole cycle is described in that situation. What is interesting and most telling of it all as a predictive model/tool is that the book was published just a bit (weeks) before the Sillicon Valley Bank collapse. Nevertheless, the SVB example could fit into many of the book's paragraph about what happens in such banking collapses. Nothing new under the sun except for those who dont read or know history and hence repeat its mistakes.
Images in this review
Customer image Customer image Customer image
Customer imageCustomer imageCustomer image
5 people found this helpful
Helpful
 Report