Overview
Of Galbraith's classic examination of the 1929 financial collapse, the Atlantic Monthly said:"Economic writings are seldom notable for their entertainment value, but this book is. Galbraith's prose has grace and wit, and he distills a good deal of sardonic fun from the whopping errors of the nation's oracles and the wondrous antics of the financial community." Now, with the stock market riding historic highs, the celebrated economist returns with new insights on the legacy of our past and the consequences of blind optimism and power plays within the financial community.
Widely and admiringly reviewed as a bestseller in 1955, John Galbraith's "skilled chronicle and analysis of the causes of that most memorable year in our economic history, 1929, " (St. Louis Post-Dispatch) put the past in perspective. Now with a new introduction, it has become even more timely in the aftermath of the 1987 stock market crash.