The Great Crash 1929 by John Kenneth Galbraith, John Kenneth Galbraith (Introduction)

Synopsis

Of Galbraith's classic examination of the 1929 financial collapse, the Atlantic Monthly said:"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." Now, with the stock market riding historic highs, the celebrated economist returns with new insights on the legacy of our past and the consequences of blind optimism and power plays within the financial community.

Annotation

Widely and admiringly reviewed as a bestseller in 1955, John Galbraith's "skilled chronicle and analysis of the causes of that most memorable year in our economic history, 1929, " (St. Louis Post-Dispatch) put the past in perspective. Now with a new introduction, it has become even more timely in the aftermath of the 1987 stock market crash.

Biography

John Kenneth Galbraith (1908-2006) was the Paul M. Warburg Professor of Economics Emeritus at Harvard University and a president of the American Academy of Arts and Letters. He is the distinguished author of thirty-one books spanning three decades, including The Affluent Society, The Good Society, and The Great Crash. He was awarded honorary degrees from Harvard, Oxford, the University of Paris, and Moscow University, and in 1997 he was inducted into the Order of Canada and received the Robert F. Kennedy Book Award for Lifetime Achievement. In 2000, at a White House ceremony, he was given the Presidential Medal of Freedom.