Wyniki wyszukiwania:

"The Maniac Market" by financial historian Vincent Chang is a study not of numbers, but of human nature. Chang posits that every financial bubble, from the Dutch Tulip Mania of the 1630s to the crypto crazes of the 2020s, follows the exact same emotional script. The technology changes, but the psychology remains the same.The book breaks down the anatomy of a bubble into distinct phases: Displacement, Boom, Euphoria, Profit-Taking, and Panic. Chang uses behavioral economics to explain concepts like FOMO (Fear Of Missing Out), confirmation bias, and social proof that drive rational people to...

This book advances a set of explicit functional relationships that link energy
and the economy. Despite the reliance on energy permeating the whole
economy, no such complete relationships had been presented before. How
related are energy and the economy? What role does energy play in the economic
growth? Motivated to seek an explicit functional answer, I theorize the
role of energy and then test it with economic models, using data for 16 OECD
countries from 1980 to 2001. First, I find that energy is a cross-country representative
good whose prices are equalized when converted to a...

In this meticulously researched volume, Vincent Chang resurrects a near forgotten yet pivotal chapter of Dutch-Chinese ties to narrate how World War II, the civil war in China, and Indonesia’s decolonization redefined and remade this age-old bilateral relationship. Drawing on a unique range of hitherto unexplored archives, the book explains how China’s nascent rise on the global scene and the Netherlands’ simultaneous decline as a colonial power shaped events in Dutch-controlled Indonesia (and vice versa) and prompted a recalibration of their mutual ties, culminating in the...