Andrew Odlyzko: Recent Papers on Technology and Financial Manias
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The Railway Mania: Fraud, disappointed expectations, and the modern economy, A. Odlyzko.
J. Railway & Canal Historical Society, no. 215, Nov. 2012, pp. 2-12.
Crushing national debts, economic revolutions, and extraordinary popular delusions, A. Odlyzko.
Charles Mackay's own extraordinary popular delusions and the Railway Mania, A. Odlyzko.
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:
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]