Bubbles and Crashes: The Boom and Bust of Technological Innovation

In Bubbles and Crashes, Brent Goldfarb and David A. Kirsch explore the causes of financial market bubbles by examining the rise and fall of technological innovations over the past 150 years. They identify key factors that influence speculative booms, such as uncertainty, investor behavior, investment opportunities, and storytelling, providing insights into the dynamics of both stability and turmoil in markets. The authors also discuss contemporary implications, offering tools for investors and policymakers to better understand and potentially mitigate future speculative episodes.