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A completely revised and updated edition of the international bestseller, including analysis of the worldwide real estate bubble and its aftermath.
1. Past Sales Success: The biggest splash from an academic press in years, Irrational Exuberance soared onto the New York Times and Wall Street Journal bestseller lists immediately upon publication. Broadway`s original paperback edition has done well, netting over 67,000 copies, the second edition paperback has sold over 21,000 copies for Broadway since its publication in 2006.
2. Distinguished Scholar Sparks Controversial Debate Again: As the extreme peaks and falls of Wall Street continue to belie efficient markets theory, Shiller presents a provocative argument for the irrational exuberance that has driven stocks to such unprecedented levels, this time taking into account real estate as a large factor in the stock market`s peaks and valleys. His theory, grounded in structural, cultural and psychological factors, is the most cogent argument so far and bound to lead the debate as the market continues to baffle traditional economic analysis.
3. Timely New Material: In a new preface to this 2009 printing of the second edition, Shiller discusses the causes and possible cures, of the recent economic meltdown. He has also updated several key graphs in the book to reflect data from the last several years. ISBN - 9780767923637
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Pages : 304
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