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Title: The Definitive History of Manias (Abridged)
Review: Why do otherwise intelligent individuals form seething masses of idiocy when they engage in collective action?First published in 1841, this Informative and entertaining book is the definitive history of manias. From ancient alchemy, to the crusades at the turn of the first century, witch-hunts during the 1400s to 1600s, tulip mania in 1624, and the Mississippi scheme and South Sea bubble of the 1700s, Mackay provides insights into human behavior which help explain the Great Crash of 1929, the Dot-Com bubble of the 1990s, and the recent global economic meltdown."Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.", Charles Mackay.
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