Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, Volume 1 cover

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Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, Volume 1

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Summary

The book chronicles and vilifies its targets in three parts: "National Delusions", "Peculiar Follies", and "Philosophical Delusions".

The subjects of Mackay's debunking include alchemy, beards (influence of politics and religion on), witch-hunts, crusades and duels. Present day writers on economics, such as Andrew Tobias, laud the three chapters on economic bubbles. (summary from Wikipedia)

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