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Extraordinary Popular Delusions: And the Madness of Crowds (Great Minds Series)

Extraordinary Popular Delusions: And the Madness of Crowds (Great Minds Series)
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More than a century before Alan Greenspan coined the phrase 'irrational exuberance' to describe the speculative bubble inflating technology stocks, Charles Mackay was recording the history of 'tulipomania', a speculative madness surrounding the value of tulips in the magical power of alchemy, veneration of relics, bogus health cures and health scares, and many other

He also describes notorious witch hunts, haunted houses, the Crusades, beliefs in fortune tellers and in the magical power of alchemy, veneration of relics, bogus health cures and health scares, and many other examples of human gullibility.
This is only one of the 'extraordinary popular delusions' documented by Mackay in a fascinating study of group psychology.

 

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