EXTRAORDINARY POPULAR DELUSIONS AND THE Madness of Crowds Financial panics and manias

Exploring the phenomenon of financial manias, this reprint focuses on key historical bubbles such as the South Sea Company, the Mississippi Company, and the Dutch tulip mania. Mackay examines how irrational behavior led to widespread speculation, with tulip bulbs becoming extraordinarily valuable in 1637. His insights have influenced notable figures like financier Bernard Baruch, who attributed his foresight in selling stocks before the 1929 crash to Mackay's analysis. This edition distills the original work's exploration of financial panics and their psychological underpinnings.