Name: Bubbles and Crashes: The Boom and Bust of Technological Innovation (en Inglés)
Price: 174318.00 COP
Availability: InStock
Author: Goldfarb, Brent ; Kirsch, David A.
ISBN: 9780804793834

portada Bubbles and Crashes: The Boom and Bust of Technological Innovation (en Inglés)

Bubbles and Crashes: The Boom and Bust of Technological Innovation (en Inglés)

Formato

Libro Físico

Autor

Brent Goldfarb

David A. Kirsch

Editorial

Stanford University Press

Año

2019

Idioma

Inglés

N° páginas

264

Encuadernación

Tapa Dura

Dimensiones

23.4 x 15.2 x 2.5 cm

Peso

0.50 kg.

ISBN13

9780804793834

N° edición

Categorías

Economía de sectores específicos
Historia de la economía
Influencia de la ciencia y la tecnología sobre la sociedad
Geografía económica

Bubbles and Crashes: The Boom and Bust of Technological Innovation (en Inglés)

Brent Goldfarb (Autor) · David A. Kirsch (Autor) · Stanford University Press · Tapa Dura

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Reseña del libro "Bubbles and Crashes: The Boom and Bust of Technological Innovation (en Inglés)"

Financial market bubbles are recurring, often painful, reminders of the costs and benefits of capitalism. While many books have studied financial manias and crises, most fail to compare times of turmoil with times of stability. In Bubbles and Crashes, Brent Goldfarb and David A. Kirsch give us new insights into the causes of speculative booms and busts. They identify a class of assets--major technological innovations--that can, but does not necessarily, produce bubbles. This methodological twist is essential: Only by comparing similar events that sometimes lead to booms and busts can we ascertain the root causes of bubbles. Using a sample of eighty-eight technologies spanning 150 years, Goldfarb and Kirsch find that four factors play a key role in these episodes: the degree of uncertainty surrounding a particular innovation, the attentive presence of novice investors, the opportunity to directly invest in companies that specialize in the technology, and whether or not a technology is a good protagonist in a narrative. Goldfarb and Kirsch consider the implications of their analysis for technology bubbles that may be in the works today, offer tools for investors to identify whether a bubble is happening, and propose policy measures that may mitigate the risks associated with future speculative episodes.