Book review: Manias, Panics and Crashes: A History of Financial Crises 6th ed., by Charles P. Kindleberger and Robert Aliber.
The book starts with a good overview of how a typical bubble develops and bursts. But I found the rest of the book poorly organized. I often wondered whether the book was reporting a particular historical fact as an example of some broad pattern – if not, why weren’t they organized in something closer to chronological order? It has lots of information that is potentially valuable, but not organized into a useful story or set of references.
