Charles P. Kindleberger

Robert Z. Aliber

The first edition of Charles Kindleberger's brilliant, panoramic history, published in 1978, summarized the pattern of market developments and the five stages in the evolution of a financial crisis. Robert Z. Aliber probes the sequence of four waves of crises that have involved more than forty countries since the early 1980s and shows that implosions of their banking systems do not follow from the decisions of 'bad actors' but instead are symptomatic of a dysfunctional international monetary arrangement. With an updated Foreword from Robert M. Solow and a new Afterword from Lord Robert Skidelsky, this seventh edition exemplifies the continued importance of Kindleberger's work and Aliber's ongoing examination of financial crises around the world.

A History of Financial Crises, Seventh Edition

Manias, Panics, and Crashes

The best known and most highly regarded book on financial crises Financial crises and speculative excess can be traced back to the very beginning of trade and commerce. Since its introduction in 1978, this book has charted and followed this volatile world of financial markets. Charles Kindleberger's brilliant, panoramic history revealed how financial crises follow a nature-like rhythm: they peak and purge, swell and storm. Now this newly revised and expanded Fourth Edition probes the most recent "natural disasters" of the markets--from the difficulties in East Asia and the repercussions of the Mexican crisis to the 1992 Sterling crisis. His sharply drawn history confronts a host of key questions. Charles P. Kindleberger (Boston, MA) was the Ford Professor of Economics at MIT for thirty-three years. He is a financial historian and prolific writer who has published over twenty-four books.

Manias, Panics, and Crashes A History of Financial Crises, Seventh Edition

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