Publications

Extraordinary Popular Delusions and the Madness of Crowds

Extraordinary Popular Delusions and the Madness of Crowds

Type
Link
Cost
Paid
Published
1841
Updated
2003

Extraordinary Popular Delusions and the Madness of Crowds is a classic study of crowd psychology remains an extremely essential to the present day. Mackay’s central theme in this book is how easily a herd can be illogically influenced by popular opinion. Mackay warns us about this “madness” that often leads to a downward spiral with undesirable effects. His book highlights several stories from the history of various manias and three grand-scale cons that took place. Its extraordinary tales of human folly uncovers the frenzy of the Wall Street Crash of 1929 and the junk-bonds hysteria of the 1980s were far from the twentieth-century phenomena.