Dimensions
154 x 235 x 31mm
A sceptical history of the internet/stock market boom which argues that what we have just witnessed wasn't simply a stock market bubble but a social and cultural phenomenon driven by broad historical forces. John Cassidy explains how these forces combined to produce the buying hysteria that drove the price of loss-making companies into the stratosphere.
Much has been made of Alan Greenspan's phrase "irrational exuberance", but there was nothing irrational about what happened. This book describes and explains the all-too-human behaviour of the stock market bubble: how it got going, sustained itself for longer than anybody expected, and then, just when people were starting to think it might not be a speculative bubble after all, went pop!
