Boom and Bust

Boom and Bust: A Global History of Financial Bubbles provides a comprehensive historical analysis of significant financial bubbles, from the Mississippi and South Sea bubbles to the subprime and Chinese stock bubbles.

The authors introduce the 'bubble triangle' framework, which identifies marketability, money and credit, and speculative behavior as key components of financial bubbles.

They explore how technological innovation and government policies often trigger these bubbles, and discuss their economic, social, and political impacts.