The Times Higher Education world university rankings have been published this morning. Notably, Queen's does a lot better in the more widely-cited QS Top Universities survey. What is most pleasing about the QS survey is that Finance at Queen's is just outside the top 100 universities in the world.
My colleague and former PhD student Gareth Campbell has created a website about the British Railway Mania - click here . This episode has been described by the Economist as probably the greatest bubble in human history. Gareth's website provides background on the Mania and posits some explanations for the 'bubble'. In his explanation of why the bubble happened, Gareth places a lot of emphasis on investor myopia regarding future dividends and uncalled capital. His study of investors during the episode does not support the view that this episode was fuelled by naive and irrational investors.