Innovation in Financial Bubbles

This chapter examines the intricate relationship between innovation and financial bubbles, showcasing how different motivations fuel collaborative efforts toward groundbreaking advancements. It highlights historical cases like Amazon and significant projects such as the Manhattan Project to illustrate how belief in potential innovations propels success. Moreover, it contrasts the effects of financial bubbles, using examples from the housing and dot-com markets to reveal the complexities and unintended consequences of economic optimism.