Research Catalog

Details

Description

1. 198 pages : illustrations; 24 cm

Summary

1. "The First Crash throws light on the current debate about investor rationality by re-examining the story of the South Sea Bubble from the standpoint of investors and commentators during and preceding the fateful bubble year. In absorbing prose, Richard Dale describes the trading techniques of London's Exchange Alley (which included 'modern' transactions such as derivatives) and uses new data, as well as the hitherto neglected writings of a brilliant contemporary financial analyst, to show how investors lost their bearings during the Bubble period in much the same way as during the dot.com boom." "The events of 1720, as presented here, offer insights into the nature of financial markets that, being independent of place and time, deserve to be considered by today's investors everywhere. This book is therefore aimed at all those with an interest in the behavior of stock markets."--Jacket.

Subject

1. Capital market
2. Stocks > Prices
3. Financial crises
4. Börsenspekulation
5. 18e siècle
6. Cours du marché
7. South Sea Company
8. South Sea Company History
9. History
10. 1700-1799
11. Capital market > Great Britain > History > 18th century
12. Geschichte 1720-1721
13. Bulle spéculative
14. South Sea Bubble, Great Britain, 1720
15. Stocks > Prices > Great Britain > History > 18th century
16. Marché des valeurs mobilières
17. Financial crises > Great Britain > History > 18th century
18. Histoire
19. Bulle spéculative de la South Sea Company (1720)
20. Great Britain
21. Crise boursière
22. South Sea Bubble (Great Britain : 1720)

Genre/Form

1. History.

Contents

1. Coffee houses, the press and misinformation -- Exchange Alley and the evolution of London's securities market -- Origins of the South Sea Company -- John Law and the Mississippi Bubble -- The South Sea scheme -- The bubble -- The crash -- Crisis resolution -- Lessons from the South Sea Bubble. Appendix II. Hutcheson's South Sea parable ; Appendix II. Technical note on stock and subscription price data.

Call number

1. JBE 04-1840

Bibliography (note)

1. Includes bibliographical references (pages 187-194) and index.

Author

1. Dale, Richard.

Title

1. The first crash : lessons from the South sea bubble / Richard Dale.

Imprint

1. Princeton, N.J. : Princeton University Press, ©2004.

Type of content

1. text

Type of medium

1. unmediated

Type of carrier

1. volume

Bibliography

1. Includes bibliographical references (pages 187-194) and index.

Connect to:

1. Table of contents
2. Table of contents
3. Table of contents
4. Contributor biographical information
5. Publisher description
6. Publisher description
7. Inhaltsverzeichnis
8. Inhaltsverzeichnis

Chronological term

1. Geschichte 1720-1721
2. 1700-1799

LCCN

1. 2004044319

Other standard identifier

1. 9780691119717

ISBN

1. 0691119716 (cl : alk. paper)
2. 9780691119717 (cl : alk. paper)
3. 9780691170947 (pbk.)
4. 0691170940 (pbk.)

Research call number

1. JBE 04-1840