Manias, Panics And Crashes

The Anatomy of Financial Turmoil

Manias, Panics and Crashes by Robert Z. Aliber, published in 2015 by Palgrave Macmillan, is a definitive guide to the recurring patterns of financial crises throughout history. Building on Charles P. Kindleberger’s original work, this updated edition continues to shed light on the psychology, policy failures, and global forces that drive economic bubbles and collapses.

A Historical and Analytical Masterpiece

From the tulip mania of the 17th century to the subprime mortgage meltdown and the Eurozone crisis, Aliber dissects the causes and consequences of financial euphoria and its inevitable collapse. Through engaging analysis and real-world examples, he reveals how market excess, speculative behavior, and regulatory lapses repeatedly lead to disaster—and what can be done to prevent them.

Essential Reading for Economists and Investors

This book is not just a chronicle of crises, but a vital tool for understanding how economic instability develops. Whether you're a student of economics, a financial professional, or simply curious about how the global financial system works (and breaks down), Manias, Panics and Crashes offers timeless insight into the vulnerabilities of markets.

A Classic Reimagined for the Modern Age

Comprehensive, accessible, and alarmingly relevant, this edition continues to be a must-read in an increasingly interconnected and volatile world.