Boom and Bust, John D. Turner
Boom and Bust, John D. Turner
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Boom and Bust
A Global History of Financial Bubbles

Author: John D. Turner, William Quinn

Narrator: Roger Clark

Unabridged: 9 hr 39 min

Format: Digital Audiobook Download

Publisher: Tantor Media

Published: 06/29/2021

Synopsis

Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s, and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social, and political consequences while others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks.

About John D. Turner

John D. Turner is a professor of finance and financial history at Queen's University Belfast. He is a fellow of the Academy of Social Sciences and an editor of The Economic History Review. His book Banking in Crisis won the Wadsworth Prize in 2015.

Reviews

Goodreads review by Trey on December 27, 2020

The 3 Elements you need for a Bubble Quinn and Turner prefer to use the analogy of a FIRE to describe speculative bubbles. A fire is "destructive, self-perpetuating and difficult to control once it begins." And just as a fire needs oxygen, fuel, and heat, a speculative bubble needs assets that are ea......more

Goodreads review by Susan on May 04, 2020

This book’s full title is Boom and Bust: A global History of Financial Bubbles by William Quinn and John D. Turner. Since there are no reviews that I can find, I will proceed differently on this review than on others that I have made. I was given an advance copy of this book in PDF form to read. You......more

Goodreads review by Richard on December 07, 2024

A concise and quite informative survey of financial "bubbles". The book uses Kindleberger's definition: "upward price movement over an extended range that then implodes". The authors employ the concept of a "Bubble Triangle" to evaluate the real life cases studied, over the period 1720 to the presen......more

Goodreads review by Sebastian on February 01, 2023

In essence, this book consists of a simple, yet good mental model (the bubble triangle) and a detailed chronicle of the most impactful historical bubbles. I did enjoy reading through it, because of the level of detail - it's great to have such information cumulated in a single place. But there are so......more

Goodreads review by Darya on April 18, 2020

The book is very good from historical perspective. There are detailed and interesting observations on bubbles and how they happened. The analysis is detailed and comprehensive. Loved the thoughts on the consequences of bubbles. They seem to be important for the fever of sociey, technology advancemen......more

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