INFLUENTIAL ECONOMIC AND SOCIAL SCIENCE CLASSIC
Memoirs of Extraordinary Popular Delusions
“Men, it has been well said, think in herds; it will be seen that they
go mad in herds.”
"Every age has its peculiar folly- some scheme,
project, or phantasy into which it plunges, spurred on either by the
love of gain, the necessity of excitement, or the mere force of
imitation. Failing in these, it has some madness, to which it is goaded
by political or religious causes, or both combined.”
FIRST EDITION of Charles MacKay's classic study of mass behavior.
Generally considered the most important book on market psychology, its
vast influence extends to such diverse disciplines as stock market
analysis and religious studies.
"There are fewer than a dozen books written
more than a century ago that could be called classics of the social
sciences. Charles Mackay's Extraordinary
Popular Delusions and the Madness of Crowds
is one of them, and it is probably the oldest. First published in 1841,
Mackay's work... has probably never been long out of print in the past
one hundred fifty years. The book includes quite a cast of characters:
ghost hunters, alchemists, prophets, economic speculators, witches,
crusaders, and faith healers, among others, all hold center stage in
what amounts to a catalogue of beliefs gone awry and mass behaviors
turned goofy (if not dangerous)... The range of topics Mackay covers is
wide and in some cases deep. One reason
Extraordinary Popular Delusions and the Madness of Crowds
has become such a classic is that irrational behavior has never been in
short supply, and modern examples of crazes, speculative bubbles, and
mass hysteria continue to amuse, frustrate, and provoke us today" (David
London: Richard Bentley, Publisher in Ordinary to Her Majesty, 1841.
Octavo, late nineteenth/early twentieth-century three quarter morocco
over marbled boards, raised bands, marbled endpapers. Three volumes.
Some foxing to frontispieces, title pages with some foxing and a little
offsetting (from frontispieces). Text generally very clean with only
occasional light foxing. A beautiful set. RARE. $5400.