Early Speculative Bubbles and Increases in the Supply of Money

Early Speculative Bubbles and Increases in the Supply of Money is a book by American economist Doug French, based on his 1992 Master’s thesis about the Dutch panic known as Tulipmania.

The cause of the crisis is generally attributed to irrational exuberance, free markets, and an unleashed aristocracy. French takes a different route, proving that in fact the bubble resulted from a government intervention that dramatically exploded the money supply and fueled the tulip-price bubble – not altogether different from modern bubbles.

Links

 * (including full text)
 * Introduction Blowing Bubbles


 * Articles, essays and reviews
 * "The Dutch Monetary Environment During Tulipmania" (PDF) (republished as Mises Daily here)
 * Cobden Centre review: "Early Speculative Bubbles" by Andy Duncan, May 2010 (republished as Mises Daily here)


 * Related courses
 * Tulips to Plywood Palaces: Bubbles in Theory and History Mises Academy course by Doug French