Extraordinary Popular Delusions and the Madness of Crowds All Volumes, Complete and Unabridged

This is the unabridged edition that includes all three volumes. It has the entire original arrangement and full length chapters as they were originally published in 1841. This includes the preface, which is often omitted from abridged versions. In this book, Charles Mackay discusses the irrational behaviors of crowds in the economy, war and magic. He gives several different examples of market bubbles such as the Mississippi Scheme and the infamous Tulip Mania in the Netherlands. Ever since it was written, Investors have used it as a guide to help identify boom and bust cycles. Extraordinary Popular Delusions and The Madness of Crowds has had an important influence on economists in understanding of crowd psychology and feedback loops.