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Memoirs of Extraordinary Popular Delusions and the Madness of Crowds

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Memoirs of Extraordinary Popular Delusions and the Madness of Crowds

Written by: Charles MacKay
Narrated by: Grover Gardner
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About this listen

Why do otherwise intelligent individuals form seething masses of idiocy when they engage in collective action? Why do financially sensible people jump lemming-like into hare-brained speculative frenzies - only to jump broker-like out of windows when their fantasies dissolve? We may think that the Great Crash of 1929, junk bonds of the '80s, and over-valued high-tech stocks of the '90s are peculiarly 20th century aberrations, but Mackay's classic - first published in 1841 - shows that the madness and confusion of crowds knows no limits, and has no temporal bounds. These are extraordinarily illuminating, and, unfortunately, entertaining tales of chicanery, greed and naiveté. Essential for any student of human nature or the transmission of ideas.

©2015 Gildan Media, LLC (P)2015 Gildan Media LLC Social Sciences World Fantasy Popular Science
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Profile Image for Chris Cooper

Look how far we have not come!

Fantastic glimpse at the never ending cycle of popular delusions. Highly relevant as global elites have now reached such vast power that they are able to insight this behavior on demand through systemic capture of most institutions.

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