Is a College Education Still Worth the Price?

A former dean looks at American higher education and finds ...


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The Granddaddy of All Bubbles

The Lessons of the South Sea Financial Hysteria Remain Unlearned Since 1720

by Paul Strathern

World History, Economic History

The lessons of financial bubbles and their inevitable consequences could be discerned almost three centuries ago, in 1720. Paul Strathern here relates the story of London’s South Sea Bubble, the first great financial hysteria, whose characteristics appear all too familiar today.

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