The Great Crash 1929

Author: John Kenneth Galbraith

Paperback

Originally published in 1955, Galbraith's book examines the 1929 financial collapse. This new edition is being published on the 80th anniversary of the Great Crash, even as Americans look for perspective on the current global financial crisis.

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Paperback

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Summary

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John Kenneth Galbraith's classic examination of the 1929 financial collapse.

Arguing that the 1929 stock market crash was precipitated by rampant speculation in the stock market, Galbraith notes that the common denominator of all speculative episodes is the belief of participants that they can become rich without work. It was Galbraith's belief that a good knowledge of what happened in 1929 was the best safeguard against its recurrence.

Atlantic Monthly wrote, "Economic writings are seldom notable for their entertainment value, but this book is. Galbraith's prose has grace and wit, and he distills a good deal of sardonic fun from the whopping errors of the nation's oracles and the wondrous antics of the financial community."

About the Author

John Kenneth Galbraith (1908-2006) was a critically acclaimed author and one of America's foremost economists. His most famous works include The Affluent Society, The Good Society, and The Great Crash. Galbraith was the receipient of the Order of Canada and the Robert F. Kennedy Book Award for Lifetime Achievement, and he was twice awarded the Presidential Medal of Freedom. James K. Galbraith is the author of seven books, including The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too. He holds the Lloyd M. Bentsen, Jr., Chair in Government / Business Relations at the LBJ School of Public Affairs at the University of Texas at Austin.