...Carl Wennerlind Abstract The South Sea Bubble is one of history's most iconic economic events. While much ink was spilled during the bubble year to make sense of events as they unfolded, commentators were left scrambling for ways to grasp what happened because no one had ever experienced a stock...

..., Peter. 1989 . Tulipmania. Journal of Political Economy 97 : 535 -60. ____. 1990 . Famous First Bubbles. Journal of Economic Perspectives 4 : 35 -54. Harrison, Paul. 1997 . Public and Private Interests: Of Birds and Bees and 18th Century Stock Markets . Mimeo. ____. 1998...

... the economy. A journalism bubble accompanied the market bubble of the first part of the decade, one that failed to examine prevailing wisdom, discounted dissent, and produced little independent analysis. What have we learned since? Roundtable Presentation When a Crisis in Journalism Meets an Economy...

..., National Board of Economic Research. Garber, Peter. 1990 . Famous First Bubbles. Journal of Economic Perspectives 4.2 : 35 -54. Greif, Avner. 1993 . Contract Enforceability and Economic Institutions in Early Trade: The Maghribi Traders' Coalition. American Economic Review 83 : 525 -48...

... Book Reviews 581 A History of Post Keynesian Economics since 1936. By J. E. King. Cheltenham, U.K.: Edward Elgar, 2002. vii; 316 pp. $95.00. Suppose it is 1984, and someone reveals to you that in the course of the next 20 years there will be a very large speculative bubble in the American...

... there will be a very large speculative bubble in the American stock market, followed by a painful bursting of the bubble, in which billions of dollars of wealth will be de- stroyed. Suppose further you are told that many mainstream economists will declare that this bubble is not a bubble at all, but merely...

..., U.K.: Edward Elgar, 2002. vii; 316 pp. $95.00. Suppose it is 1984, and someone reveals to you that in the course of the next 20 years there will be a very large speculative bubble in the American stock market, followed by a painful bursting of the bubble, in which billions of dollars of wealth...

... .” Newsweek , November 18 . www.thedailybeast.com/newsweek/2008/11/17/gaming-the-financial-system.html . Pinto Edward . 2009 . “ ACORN and the Housing Bubble .” Wall Street Journal , November 12 . Posner Richard . 2003 . Public Intellectuals: A Study of Decline . Cambridge...

.... Carl Wennerlind (this volume) asks the question, Why wasn't the South Sea Bubble “news” in the spring of 1720, when its stock price was soaring, and why was the press so late to react when prices started falling? Guiding us through a reading of the London press's reporting on the South Sea Company...

... Beveridge, William, Sir, 84 Binny, John, 64 Blunt, John, 41 Boman, Ragnar, 165 Bonnier Group, 157, 160 Bowles, Chester, 80 82, 85 Bridges, Styles, 97 bub­ble (econ­ omic), 32 42, 47, 50 51 Bubble Act (UK), 35 Buchholtz, Larissa, 234 Burck, Gilbert, 119 Callon, Michel, 230 31 Capital (TV prog­ ram), 10 11...

... antiquity through the Middle Ages, Oresme’s complaints about debasement, early-sixteenth-century hidalgos , Colbert, Charles 11, the “Mississippi bubble,” the assignats , and what-have- 309 ...

... was based on his materialist notions of gold money and labor value. It was this which permitted him to enlarge on bubbles, speculative hoarding, and creation of fiduciary instruments which, as “fictitious capital,” further destabilized the market. It should not surprise us that when Marx...

... temporary and end, for instance, when war ends or whether a perpetuation is possible without the dangers of inflation or bubbles was foundational for Zinzendorf's reflections. He embedded these reflections in the larger European literature of political economy during the Enlightenment, which, despite Maria...

... antiquity through the Middle Ages, Oresme’s complaints about debasement, early-sixteenth-century hidalgos , Colbert, Charles 11, the “Mississippi bubble,” the assignats , and what-have- 309 310 History of Political Economy II:2 (1979) you...

... of Leadership and Social Composition of the Early Royal Society .” Social Studies of Science 11 : 327 – 64 . Murphy A. L. 2009 . The Origins of English Financial Markets: Investment and Speculation before the South Sea Bubble . Cambridge : Cambridge University Press . Neal L. 1990...

.... References to Law are fre- quent 150 years after the Mississippi Bubble, sometimes quoting him favorably during the days of the Banque Gherale (Chevalier, in EnquEte, 111, 80, and VI, 102) and sometimes unfavorably, as when Isaac Pereire (1865, p. 223) accuses the Bank of France...

... of the eighteenth century, must be seen against the historical background of the monetary disorders that accompa- nied the formation of modern nation states and the new ideas generated every- where in Europe by accelerated economic change. John Law and the Bubble period at the beginning of the century...

... a thousand, and the excitement caused by this led not only to a sympathetic rise in the prices of the securities of a few other trading companies, but induced the formation of all sorts of airy schemes which later on received the significant name of “Bubbles.” The History of these “Bubbles” has never...

... topics of economic debate, and most of the major approaches to a theory of business cycles had already been conveyed to print, if only in vague outline. According to the oldest approach, financial panics represented the bursting of spec- ulative bubbles, each initiated by some fortuitous...