Famous first bubbles

Contents......Page 6
Preface......Page 10
I: The Bubble Interpretation......Page 14
II: The Tulipmania Legend......Page 28
1 A Political and Economic Background......Page 32
2 The Traditional Image of Tulipmania......Page 38
3 Where Does the Tulipmania Legend Come From?......Page 42
4 Establishment Attitudes toward Futures Markets and Short Selling: The Source of the Pamphlets......Page 46
5 The Bubonic Plague......Page 50
6 The Broken Tulip......Page 52
7 The Bulb Market, 1634–1637......Page 56
8 Some Characterization of the Data......Page 62
9 Post-Collapse Tulip Prices......Page 74
10 Bulb Prices in Later Centuries......Page 78
11 Was This Episode a “Tulipmania”?......Page 88
III: The Macro Bubbles......Page 98
12 A Preliminary View: The Mississippi and South Sea Bubbles......Page 100
13 John Law and the Fundamentals of the Mississippi and South Sea Bubbles......Page 104
14 John Law’s Finance Operations......Page 108
15 A Rehash of Mississippi Market Fundamentals......Page 118
16 Law’s Shadow: The South Sea Bubble......Page 122
17 South Sea Finance Operations......Page 128
18 Fundamentals of the South Sea Company......Page 134
19 Conclusion......Page 136
Appendix 1: The Tulipmania in the Popular and Economics Literature......Page 140
Appendix 2: The Seventeenth-Century Tulip Price Data......Page 146
Notes......Page 158
References......Page 162
B......Page 168
D......Page 169
F......Page 170
H......Page 171
M......Page 172
P......Page 173
S......Page 174
W......Page 175
Z......Page 176