Andrew Odlyzko: Recent Papers on Technology and Financial Manias
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Main papers:
The Railway Mania: Fraud, disappointed expectations, and the modern economy, A. Odlyzko.
J. Railway & Canal Historical Society, no. 215, Nov. 2012, pp. 2-12.
[preprint, PDF]
Crushing national debts, economic revolutions, and extraordinary popular delusions, A. Odlyzko.
[PDF]
Charles Mackay's own extraordinary popular delusions and the Railway Mania, A. Odlyzko.
[PDF]
The collapse of the Railway Mania, the development of
capital markets, and the forgotten role of Robert Lucas Nash, A. Odlyzko.
Accounting History Review (formerly Accounting, Business & Financial History), vol. 21, no. 3,
Nov. 2011, pp. 309-345. An extended preprint, with additional material (primarily two appendices),
entitled The collapse of the Railway Mania, the development of
capital markets, and Robert Lucas Nash, a forgotten pioneer
of accounting and financial analysis, is available:
[preprint, PDF]
Bubbles, gullibility, and other challenges for economics,
psychology, sociology, and information sciences, A. Odlyzko.
First Monday, vol. 15, no. 9, Sept. 2010.
[PDF][First Monday version]
This time is different: An example of a giant, wildly speculative, and
successful investment mania, A. Odlyzko.
B.E. Journal of Economic Analysis & Policy, vol. 10, issue 1, 2010, article 60.
[BEJEAP version][preprint, PDF]
Book review by A. Odlyzko: This Time is Different: Eight Centuries of Financial Folly
by C. M. Reinhart and K. Rogoff.
IEEE Spectrum, April 2011, p. 26, and longer version on the Spectrum site:
[IEEE Spectrum online version][text]