“its power as a starter in crowd psychology comes from Mackay’s insistence on humanising the follies he describes. No macroeconomic constructs here – just good old greed, optimism, superstition & cunning plans”
—Charles Mackay (1814–1889) was born #OTD, 27 March – best remembered today for his 1841 book Extraordinary Popular Delusions & the Madness of Crowds
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#Scottish #literature #19thcentury #Victorian #psychology #masspsychology #economics #stockmarket #bubbles