Manias, Panics, and Crashes (Seventh Edition)

Manias, Panics, and Crashes offers a scholarly yet engaging exploration of how mismanagement of money and credit has historically triggered financial crises. The seventh edition, thoroughly revised after recent market upheavals, emphasizes the interconnectedness of global financial instabilities. Renowned economist Robert Z. Aliber discusses the recurring patterns and underlying vulnerabilities within the international financial system, making the book both a timeless and timely analysis.