The latest review of my book Banking in Crisis has recently appeared in Business History Review, which is published out of Harvard Business School. You can access the review here. The review describes Banking in Crisis as "an important contribution to financial history and contemporary policy debate". The reviewer laments that the radical reform which I call for in the book would require an even more catastrophic collapse than that of 2008.
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.