Memoirs of Extraordinary Popular Delusions and the Madness of Crowds

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Exploring the psychology of crowds, this work delves into various historical phenomena where mass delusions took hold, revealing how collective behavior can lead to irrational decisions. Mackay examines notable events such as the South Sea Bubble and the Tulip Mania, illustrating the impact of speculation and frenzy on society. Through engaging anecdotes and analysis, the book highlights the recurring patterns of human folly, making it a timeless commentary on the nature of belief and the susceptibility of people to extraordinary delusions.