Posted: 26 Jun 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
Suggested Citation: Suggested Citation
O'Hara, Maureen, Bubbles: Some Perspectives (and Loose Talk) from History. The Review of Financial Studies, Vol. 21, Issue 1, pp. 11-17, 2008. Available at SSRN: https://ssrn.com/abstract=1151603 or http://dx.doi.org/hhn001