Charles Kindleberger 2003 Deaths

Charles Kindleberger

economist whose 1978 book, Manias, Panics, and Crashes, chronicled the history of bubbles in the stock market. He theorized that when investors buy stock in hot new products or industries, the prices become artificially inflated, and eventually the prices tumble. His book was often reprinted after such occurrences, most recently in 2000 after the dot-com bust.