Originally published in 1955, Galbraith's book examines the 1929 financial collapse. This new edition is being published on the 80th anniversary of the Great Crash, even as Americans look for perspective on the current global financial crisis.
Of Galbraith's classic examination of the 1929 financial collapse, the Atlantic Monthly said: Economic writings are seldom notable for their entertainment value, but this book is. Galbraith's prose has grace and wit, and he distills a good deal of sardonic fun from the whopping errors of the nation's oracles and the wondrous antics of the financial community. Now, with the stock market riding historic highs, the celebrated economist returns with new insights on the legacy of our past and the consequences of blind optimism and power plays within the financial community.