Abstract
Markets have long fascinated not just economists and finance specialists but also the great students of human nature. Marcel Proust wrote that “in the Bourse, every ill sovereign, whether he be King Edward VII or Kaiser Wilhelm II, is already dead; every town on the point of being besieged is already sacked”. Arthur Miller more bitingly had one of his characters say “The stock market represents nothing but a state of mind. Stock market speculators believe that nothing is real. If it is Monday and you want it to be Friday, and enough people can be made to believe it is Friday, then by God it is Friday”.
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© 2008 Brendan Brown
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Brown, B. (2008). Markets Hot and Cold. In: Bubbles in Credit and Currency. Palgrave Macmillan, London. https://doi.org/10.1057/9780230227682_1
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DOI: https://doi.org/10.1057/9780230227682_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-36216-5
Online ISBN: 978-0-230-22768-2
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