Bubbles: Some Perspectives (and Loose Talk) from History
Cornell University - Samuel Curtis Johnson Graduate School of Management
The Review of Financial Studies, Vol. 21, Issue 1, pp. 11-17, 2008
Bubbles are a topic of great importance and great controversy. This paper discusses alternative perspectives on the economic meaning and origin of bubbles. Drawing on historical approaches to bubbles, this article sets out a taxonomy of approaches used to explain the nature of bubbles. The paper also considers issues connected with the scientific thinking surrounding bubbles.
JEL Classification: G12, B0, E30
Date posted: June 26, 2008
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