About Charles P. Kindleberger: Charles Poor "Charlie" Kindleberger is well known for hegemonic stability theory. He has been referred to as "the master of the genre" on financial crisis by The Economist.
Money is a public good; as such, it lends itself to private exploitation.
In Chapter 5 we consider swindles and defalcations. It happens that crashes and panics often are precipitated by the revelation of some misfeasance, malfeasance, or malversation (the corruption of officials) engendered during the mania. It seems clea...
