We tend to think of sarcasm as a modern affliction, but Charles Mackay's writing is as sarcastic as anything I have ever read. Oh wait...I think they're mine. Are you spending this season bundling up against the chill or enjoying summery southern hemisphere vibes (in which case we are... First published in 1841, Extraordinary Popular Delusions and the Madness of Crowds is often cited as the best book ever written about market psychology. This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC. “Extraordinary Popular Delusions and the Madness of Crowds” provides a list of history’s ridiculous schemes, fantasies, prophesies witchcraft, faith healers and more. The Challenge with Extraordinary Popular Delusions and the Madness of Crowds: Extraordinary Popular Delusions and the Madness of Crowds is an excellent book and despite being written in 1841 it is actually quite entertaining. Related Searches. Only chapters relating to financial markets have been included in this Wiley Investment Classics edition. Oh, how he would have marveled at this total mess of delusional madness! C harles Mackay wrote not of pandemics but “moral epidemics” 179 years ago in Extraordinary Popular Delusions and the Madness of Crowds. Extraordinary Popular Delusions is a 700 page study of what Mackay calls the Madness of Europe, up until 1841. It doesn't matter whether we're burning witches, fighting holy wars, or flinging dairy-products at politicians*, we are a ridiculous species. The chapters on Tulipomania or The South Sea Bubble will remind the ignorant that nothing much has changed in 400 years except the name of the swindle or Ponzi scheme. Memoirs of Extraordinary Popular Delusions and the Madness of Crowds Item Preview remove-circle ... Memoirs of Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay. There are excellent books on the financial aspecst or history of such phenomena, Galbraith or John Cassidy for example. If you think Monty Python’s witch scene — where villagers burn an alleged witch because witches are supposed to be burned, wood also burns, wood floats, ducks also float, and the alleged must therefore be a witch if she weighs the same as a duck — is funny, it is. The book chronicles its targets in three parts: National Delusions, Peculiar Follies, and Philosophical Delusions. Customer Reviews. Read honest and unbiased product reviews from our users. The themes of the madness of the crowds are mostly situated in the eighteenth to the nineteenth century. We get wound up over such ridiculous things, and perform such ridiculous acts for such ridiculous reasons that you have to wonder why, if there is a God, the world contains so many sharp objects and so few padded surfaces... We tend to think of sarcasm as a modern affliction, but Charles Mackay's writing is as sarcastic as anything I have ever read. Find helpful customer reviews and review ratings for Memoirs of Extraordinary Popular Delusions and the Madness of Crowds at Amazon.com. Start by marking “Extraordinary Popular Delusions and the Madness of Crowds” as Want to Read: Error rating book. “We … The book was published in three volumes: "National Delusions", "Peculiar Follies", and "Philosophical Delusions". It was a favorite book of Bernard Baruch, who wrote the foreword to the 1932 edition, a much longer work than what we see here. He is but a superficial thinker who would despise and refuse to hear of them merely because they are absurd. These bubbles happen over and over again at all levels. Extraordinary Popular Delusions & the Madness of Crowds Paperback – July 25, 1995 by Charles Mackay (Author), Andrew Tobias (Foreword) 3.8 out of 5 stars 268 ratings But at bottom this is not a f. Today, July 29, 2014, Amazon has a market capitalization of $147,380,000,000 and a price/earnings ratio of 569. "Extraordinary Popular Delusions and the Madness of Crowds" was authored by Scotsman Charles MacKay in 1841. Madness! The core ideas is great, but the presentation is very tedious. Reading this book written over 150 years ago majes you realize how little people have changed over the course of history, right up to today. Marvellous walk through all the madnesses of mankind known so far! A charmingly dated look at frauds, hoaxsters and other chicanery, Charles Mackay's classic Extraordinary Popular Delusions & the Madness of Crowds, is an interesting, facinating read. Extraordinary Popular Delusions and the Madness of Crowds is an early study of crowd psychology by Scottish journalist Charles Mackay, first published in 1841 under the title Memoirs of Extraordinary Popular Delusions. financial bubbles, witch hunts, alchemy), the remarkable story of John Law and the Mississippi Scheme is told in the language and cadence of a cautionary tale like "the Emperor's New Clothes", The great strength - and weakness- of this book is that it was written by a nineteenth century journalist. But the fact remains… The book was written over 150 years ago and the language is a little bit difficult to read. FREE Shipping on orders over $25.00 . I was surprised and somewhat pleased to see that some business book publishers help keep this amusing work in print. Extraordinary Popular Delusions and the Madness of Crowds 658. by Charles Mackay. Financial aspecst or history of Popular folly by Charles Mackay 's Extraordinary survey the! 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