Reading List · Book
Devil Take the Hindmost
Edward Chancellor traces speculative excess from the 17th-century tulip mania through the South Sea Bubble, the 1840s railway craze, the 1920s American boom, and the 1980s Japanese asset bubble. The recurring pattern: easy credit, a narrative of 'this time is different,' rising leverage, insider enrichment, and a crash that lands hardest on latecomers. Chancellor draws on contemporary diaries, pamphlets, and court records to keep the cast vivid rather than abstract. The book is the standard pre-2000 reference for anyone trying to recognize a bubble while standing inside one.
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