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Bubbles: Some Perspectives (and Loose Talk) from History

Posted: 26 Jun 2008  

Maureen O'Hara

Cornell University - Samuel Curtis Johnson Graduate School of Management

Abstract

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

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

Maureen O'Hara (Contact Author)

Cornell University - Samuel Curtis Johnson Graduate School of Management ( email )

Ithaca, NY 14853
United States
607-255-3645 (Phone)
607-255-5993 (Fax)

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