“For anyone interested in financial history, Boom and Bust is essential reading. It helps explain why the aberrant behaviour that characterised the South Sea Bubble can still occur in the 21st century.”
“Boom and Bust is an action-packed romp through ten of the biggest bubbles and busts of the past three centuries… Many chapters read more like thrillers than dry essays.”
“Where do financial bubbles come from? Can – and should – policymakers always try to stop them? Can investors avoid them? Quinn and Turner take us on an informative, engaging tour of the last 300 years of bubbles and, using history as their guide, provide intriguing answers.”
— Richard S. Grossman, author of WRONG: Nine Economic Policy Disasters and What We Can Learn from Them
“Quinn and Turner have made a major contribution to the literature on financial speculation and the bubbles to which it contributes. Not only do they provide an analytical dissection of ten salient episodes over some 300 years, they embed these narratives in an explanatory framework – the “bubble triangle” – that links the relative marketability of financial assets and the supply of credit to speculative excess. Thus, Boom and Bust shows how to mine history for meaning, with lessons relevant today for investors and policy-makers alike.”
— Bill Janeway, author of Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State
“Quinn and Turner argue that the essential elements of capital markets – money, credit and speculation – are also the necessary ingredients of financial bubbles. Can we have one without the other?”
— William Goetzmann, author of Money Changes Everything: How Finance Made Civilization Possible
“All in all, a great read and a great addition to the literature on financial bubbles.”
— Diane Coyle, co-director of the Bennett Institute for Public Policy at the University of Cambridge and author of Markets, State, and People: Economics for Public Policy