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Product details
File Size: 2058 KB
Print Length: 410 pages
Simultaneous Device Usage: Unlimited
Publication Date: April 18, 2010
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B003I84MBO
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Amazon Best Sellers Rank:
#100,819 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
A. Popular Delusions is a truly great book.B. But be careful which of the many offerings you buy.First off, many of the editions in Amazon are partial reprints of the original 1841 edition. Anything with 200 or so pages is badly incomplete. The book you want must have all 16 chapters.Second, most of the print editions, especially those claiming about 400-odd pages, are complete, but have type so small as to severely limit your reading pleasure. You must understand there is no copyright protection for the original English author so anyone can rip it off, and to make the most money many of these "artists" try to print as few literal pages as possible. The two editions I have bought (in 1967 at a bookstore and 2003 on Amazon), both published in London, have about 700 pages, including the dozen or so original hand illustrations. This is the print edition you want.Third, to solve the type-size problem, acquiring a Kindle edition can be a good answer. It can also be priced as cheaply as 99 cents or even 0. But beware of what it contains as well. When I clicked on the Kindle version of a complete 16-chapter print version (the one on which I am writing this review) it turned out that the free Kindle version was shorted to just a few chapters, which I was able to discover only after I downloaded it.Fourth, the completely independent book, Gustave Le Bon's "The Crowd", originally published in 1895 is equally worth reading.You'll love both books; make sure you actually enjoy them and get the whole things, as well.
FRAUD! This is only an index of the book, not the actual book. That is NOT disclosed in the description. I cannot believe that this is still allowed to be sold.
This book is enumerated with 500+ pages. But it opens with the index and quickly progresses to the end of the book - there is no content ! Whether this is why the book was so inexpensive or is a mistake I don't know. "There is no there there." When I look for customer service, I am linked to a book to be ordered for $2.99 so I guess I'll eat this 99 cents.
This is a book to have in these days. You can clearly see after reading this that many people, countries included did not learn from their failures, and thus are doomed to repeat the same, sad, silly, useless mistakes. I occasionally buy copies of the book to hand out to my students where I work.One edition I have, when I originally bought the book in the early days of the market boom, before it went bust, had a foreword by Andrew Tobias who said "If you read nothing else in this book, read about the economic bubbles." (the South Sea Company bubble of 1711–1720, the Mississippi Company bubble of 1719–1720, and the Dutch tulip mania of the early seventeenth century). And he was right, when people were rushing off to buy stock at top dollar as they 'went public', I counselled many friends to look at what they were buying. One manager I knew got into the bubble mania and bought several thousand dollars of pre-IPO stock. Day one the stock jumps some 1000% in few hours (roughly it was $5.50 to start and $55 by the end of the day), and is lording it over everyone; 6 months later when he could sell it (according to contract) it was down to $2 and something a share.This is book that should be on the shelf of every home library. From the Witch trials in Salem, to the Alchemists and other charlatans he shows us that the world is filled with people with who are always with the crowd and utterly mad."Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one." - Charles Mackay"We find that whole communities suddenly fix their minds upon one object, and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first." - Charles Mackay
Am adding my voice to the chorus of happy readers of this book. Its big and chock a block with more than you want to know about the gullibility, greed and stupidity of people. Ok, its depressing especially knowing how many of these delusions still run rampant. The book does sag a bit in the end when discussing popular lives of great thieves, duels and ordeals and finally relics.However by that time I've been stunned enough by the mania of the Mississippi scheme, South-sea bubble, Tulip mania, the crusades and then the witch mania. The author delves deeply into these episodic outbursts of craziness explaining how they came about, simmered down, but never really dying off. It holds your attention alternately fascinating and frightening you.
We live in times when there is a lot of talk about "accepted fact" and "consensus", whether of economists or scientists or others. This book vividly illustrates how even the people we think we can trust have repeatedly got carried away and have become mad. Nothing has changed since.We see that people go mad in groups and recover only one at a time, half the population of a country over and over again developing irrational delusions, even experts, driven by incentives that are illustrated with multiple examples.The style of the book feels fairly modern. In fact, the first time I read it, I thought it was written recently. Only on my second reading, older and wiser, have I realised that it was written in 1841.
History repeats itself, making this book well worth reading. Financial scams recur because people don't remember the past.To quote John Kenneth Galbraith, Economist: "There's nothing unique about this. It is something which happens every 20 or 30 years because that is about the length of the financial memory. It's about the length of time that it requires for a new set of suckers, if you will, a new set of people capable of wonderful self-delusion to come in and imagine that they have a new and wonderful fix on the future."
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