Book Hack
A Short History of Financial EuphoriaBy John Kenneth Galbraith

In a Nutshell

Distinguished economics professor John Kenneth Galbraith analyzes the patterns behind financial bubbles throughout history.

Favorite Quote

There can be few fields of human endeavor in which history counts for so little as in the world of finance.

John Kenneth Galbraith

Introduction

History is filled with episodes of great financial euphoria and subsequent market crashes.

As we enter into a new chapter of economic history with the rise of blockchain technology and cryptocurrency investing, it is useful to look back at how financial bubbles burst in the past.

John Kenneth Galbraith was a world-renowned Canadian-American economist, public official, and Professor Emeritus of Economics at Harvard University, where he taught from 1934 to 1974.

Galbraith authored over thirty books on American economy, history, politics, and diplomacy, and he received the Presidential Medal of Freedom in 2000.

A Short History of Financial Euphoria is Galbraith's insightful overview of speculative bubbles over the centuries and what we repeatedly fail to learn from them.

Here are the 3 key insights from this Hack

  1. 1.
    Our financial memory is extremely short
  2. 2.
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  3. 3.
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