Is There a Tulip in Your Future?: Ruminations on Tulip Mania and the Innovative Dutch Futures Markets

Journal des Economistes et des Etudes Humaines, Vol. 14, No. 2, pp. 151-170, December 2004

21 Pages Posted: 21 Nov 2006

See all articles by Christian C. Day

Christian C. Day

Syracuse University - College of Law

Abstract

This essay emphasizes and explicates factors and forces that led to the creation of the tulip futures market (increased globalization, a rising prosperity and middle class, etc.). It considers whether critics of that market were correct about Tulip Mania. The introductory section describes briefly the Dutch economy and states the thesis that the Dutch developed an innovative futures market. The principal section describes the forces and factors at work in the tulip futures market. The concluding normative section assesses the bases for criticism and approves of the workings of the market.

Keywords: Early markets, Dutch economy, Market futures, Tulip Mania

JEL Classification: K29, N23, N83

Suggested Citation

Day, Christian C., Is There a Tulip in Your Future?: Ruminations on Tulip Mania and the Innovative Dutch Futures Markets. Journal des Economistes et des Etudes Humaines, Vol. 14, No. 2, pp. 151-170, December 2004, Available at SSRN: https://ssrn.com/abstract=946140

Christian C. Day (Contact Author)

Syracuse University - College of Law ( email )

Syracuse, NY 13244-1030
United States
315-443-3650 (Phone)
315-443-4141 (Fax)

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