"Railway Mania was an economic bubble in the United Kingdom in the 1840s that involved a railroad development frenzy and a speculative bubble in the shares of railroad companies. ... [T]he British Railway Mania was the result of overexuberance toward the business prospects of a disruptive innovation; though railroads are now a part of everyday life, they were once every bit as revolutionary as the internet was when it was first introduced."
History Repeats Itself in Different Hues -- a readable Q&A data dump comparing the economics and policy responses of 1990s Japan and current events
The Next Bubble: Priming the markets for tomorrow's big crash. A layman's primer on the genesis and future of today's economic troubles, at Harper's Magazine.
A speculative bubble is created when objectivity, reasoning, and valuation give way to greed and an insatiable desire for profits.
A speculative bubble is created when objectivity, reasoning, and valuation give way to greed and an insatiable desire for profits. On this date in history... October 29, 1929: The date of the stock market crash that marked the start of the Great Depression in the United States. Could it have been averted by the reading of Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay?
yet another "those dang dotcommers" article i'm tired of all these "how the mighty have fallen" articles. When do we get to talk about something new??
Only one navel left to gaze at? Rumors are flying—Brill's Content and Powerful Media may just be announcing a merger soon ...