Memoirs Extraordinary Populare Delusions and the Madness Crowds Audiobook (Free) | AudioBooksLoft

Memoirs Extraordinary Populare Delusions and the Madness Crowds Audiobook (Free)

Summary:

Why do in any other case intelligent individuals form seething masses of idiocy if they take part in collective action? Why do financially practical people leap lemming-like into hare-brained speculative frenzies–only to jump broker-like out of home windows when their fantasies dissolve? We might think that the Great Crash of 1929, rubbish bonds of the ’80s, and over-valued high-tech stocks from the ’90s are peculiarly 20th hundred years aberrations, but Mackay’s classic–first released in 1841–shows the fact that madness and misunderstandings of crowds understands no limitations, and does not have any temporal bounds. These are extraordinarily illuminating,and, regrettably, entertaining tales of chicanery, greed and naivete. Important reading for just about any student of individual nature or the transmission of ideas.