Labels

Monday, June 6, 2011

Review 38: The Great Crash 1929 (John Kenneth Galbraith)

Sharply written with penetrating -- almost cutting -- insight. 

What caused the crash of '29? Galbraith believes it was as much a moral as economic downfall. He especially shows how 'vested interest in euphoria' played a role. We all get a little too 'high up' now and then. When we do, a crash is coming.

No comments:

Post a Comment