Thu May 16 11:00:21 EDT 2002
ABSTRACTS IN ECONOMIC HISTORY
(c) 2002 EH.Net
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Name: James M. O'Donnell
Email: jodonnell at huntington.edu
Institution: Huntington College
Co-author: none
Title: Bubble Lessons -- Old and New
Internet Address of abstracted work: not available
By mail:
Huntington College
2303 College Avenue
Huntington, IN 46750
Language: English
Abstract:
"Bubble Lessons -- Old and New" combines personal, practical, and
scholarly perspectives on the Internet frenzy of the late 1990s,
combined with lessons to be gleaned from two of its forebears,
Holland's Tulip Craze and England's South Sea Bubble. The paper gives
some useful historical background on the Tulip Craze of the early
17th Century, the South Seas Bubble of the early 18th Century, and
the Internet Bubble of the late 20th Century, but concentrates on
extracting from them their common themes and lessons, especially
concerning their sharing of historical moments that favored financial
innovation, their blinding arrogance, their production of bubbles
within bubbles, their short-term focus, price spikes, scapegoats, and
post-bubble government reactions.
Bibliography: O'Donnell, James M. . "Bubble Lessons -- Old and New."
Huntington College, Working Paper 2002.
Subject: H
Geographical Area: 7
Country/Region: USA, Europe
Time Period: 6, 9
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