Boom: Bubbles and the End of Stagnation

In 'Boom: Bubbles and the End of Stagnation,' Byrne Hobart and Tobias Huber analyze the role of financial bubbles in driving transformative technological and economic progress.

They argue that despite their negative connotations, bubbles have been instrumental in achieving significant breakthroughs, such as the Manhattan Project, the Apollo program, and the growth of semiconductor manufacturing.

The authors integrate insights from economics, philosophy, and history to identify the root causes of the current era of stagnation and provide a blueprint for accelerating innovation by organizing high-agency individuals around transcendent missions and leveraging the dynamics of financial bubbles.