The Wisdom Of Crowds

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The Wisdom of Crowds

The Wisdom of Crowds Pdf/ePub eBook Author: James Surowiecki
Editor: Anchor
ISBN: 0307275051
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The Wisdom of Crowds by James Surowiecki Summary

In this fascinating book, New Yorker business columnist James Surowiecki explores a deceptively simple idea: Large groups of people are smarter than an elite few, no matter how brilliant—better at solving problems, fostering innovation, coming to wise decisions, even predicting the future. With boundless erudition and in delightfully clear prose, Surowiecki ranges across fields as diverse as popular culture, psychology, ant biology, behavioral economics, artificial intelligence, military history, and politics to show how this simple idea offers important lessons for how we live our lives, select our leaders, run our companies, and think about our world.

James Surowiecki's The Wisdom of Crowds

James Surowiecki's The Wisdom of Crowds Pdf/ePub eBook Author: Nikki Springer
Editor: Taylor & Francis
ISBN: 0429818920
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James Surowiecki's The Wisdom of Crowds by Nikki Springer Summary

In The Wisdom of Crowds, New Yorker columnist, Surowiecki, explores the question of whether the many are better than an elite few – no matter their qualifications – at solving problems, promoting innovation and making wise decisions. Surowiecki’s text uses multiple case studies and touches on the arenas of pop culture, sociology, business management and behavioural economics among others. Surowiecki’s is a fascinating text that is key to considerations and theorisations about economics, politics and sociology.

Mob Rule or the Wisdom of the Crowd?

Mob Rule or the Wisdom of the Crowd? Pdf/ePub eBook Author: Lita Sorensen
Editor: Greenhaven Publishing LLC
ISBN: 153450639X
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Mob Rule or the Wisdom of the Crowd? by Lita Sorensen Summary

One of the tenets of democracy is that everyone has a voice in decision making and that the decisions made are what the majority wants. Many argue that wisdom of the crowd prevails in democracies, but are political decisions actually reached by a clear consensus, or does angry factionalism prevent this? Does irrational mob rule cause people to gang together and lash out against the opposition? Are the majority of citizens satisfied with the political situation? This volume explores whether political organization is possible without the force of mob rule, as well as how contemporary political events fit into this debate.

We Are Smarter Than Me

We Are Smarter Than Me Pdf/ePub eBook Author: Barry Libert,Jon Spector
Editor: Pearson Education
ISBN: 9780132144070
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We Are Smarter Than Me by Barry Libert,Jon Spector Summary

This Element is an excerpt from We Are Smarter Than Me: How to Unleash the Power of Crowds in Your Business (ISBN: 9780132244794) by Barry Libert and Jon Spector. Available in print and digital formats. Use crowdsourcing to create marketable new products and content--and blow away your traditional competitors! When communities help manufacture companies’ products or content, the advantages over traditional business models are huge. At iStock, for instance, contributors create the product and deliver it in market-ready format. With little inventory expense or traditional overhead, the company can price the product far below old-model competitors. Here are more examples of crowdsourcing at work....

Crowdsourcing

Crowdsourcing Pdf/ePub eBook Author: Jeff Howe
Editor: Currency
ISBN: 0307449327
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Crowdsourcing by Jeff Howe Summary

“The amount of knowledge and talent dispersed among the human race has always outstripped our capacity to harness it. Crowdsourcing ­corrects that—but in doing so, it also unleashes the forces of creative destruction.” —From Crowdsourcing First identified by journalist Jeff Howe in a June 2006 Wired article, “crowdsourcing” describes the process by which the power of the many can be leveraged to accomplish feats that were once the province of the specialized few. Howe reveals that the crowd is more than wise—it’s talented, creative, and stunningly productive. Crowdsourcing activates the transformative power of today’s technology, liberating the latent potential within us all. It’s a perfect meritocracy, where age, gender, race, education, and job history no longer matter; the quality of work is all that counts; and every field is open to people of every imaginable background. If you can perform the service, design the product, or solve the problem, you’ve got the job. But crowdsourcing has also triggered a dramatic shift in the way work is organized, talent is employed, research is conducted, and products are made and marketed. As the crowd comes to supplant traditional forms of labor, pain and disruption are inevitable. Jeff Howe delves into both the positive and negative consequences of this intriguing phenomenon. Through extensive reporting from the front lines of this revolution, he employs a brilliant array of stories to look at the economic, cultural, business, and political implications of crowdsourcing. How were a bunch of part-time dabblers in finance able to help an investment company consistently beat the market? Why does Procter & Gamble repeatedly call on enthusiastic amateurs to solve scientific and technical challenges? How can companies as diverse as iStockphoto and Threadless employ just a handful of people, yet generate millions of dollars in revenue every year? The answers lie within these pages. The blueprint for crowdsourcing originated from a handful of computer programmers who showed that a community of like-minded peers could create better products than a corporate behemoth like Microsoft. Jeff Howe tracks the amazing migration of this new model of production, showing the potential of the Internet to create human networks that can divvy up and make quick work of otherwise overwhelming tasks. One of the most intriguing ideas of Crowdsourcing is that the knowledge to solve intractable problems—a cure for cancer, for instance—may already exist within the warp and weave of this infinite and, as yet, largely untapped resource. But first, Howe proposes, we need to banish preconceived notions of how such problems are solved. The very concept of crowdsourcing stands at odds with centuries of practice. Yet, for the digital natives soon to enter the workforce, the technologies and principles behind crowdsourcing are perfectly intuitive. This generation collaborates, shares, remixes, and creates with a fluency and ease the rest of us can hardly understand. Crowdsourcing, just now starting to emerge, will in a short time simply be the way things are done.

Dancing Bears

Dancing Bears Pdf/ePub eBook Author: Witold Szablowski
Editor: Penguin
ISBN: 1101993383
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Dancing Bears by Witold Szablowski Summary

*As heard on NPR’s All Things Considered* “Utterly original.” —The New York Times Book Review “Mixing bold journalism with bolder allegories, Mr. Szabłowski teaches us with witty persistence that we must desire freedom rather than simply expect it.” —Timothy Snyder, New York Times bestselling author of On Tyranny and The Road to Unfreedom An incisive, humorous, and heartbreaking account of people in formerly Communist countries holding fast to their former lives, by the acclaimed author of How to Feed a Dictator For hundreds of years, Bulgarian Gypsies trained bears to dance, welcoming them into their families and taking them on the road to perform. In the early 2000s, with the fall of Communism, they were forced to release the bears into a wildlife refuge. But even today, whenever the bears see a human, they still get up on their hind legs to dance. In the tradition of Ryszard Kapuściński, award-winning Polish journalist Witold Szabłowski uncovers remarkable stories of people throughout Eastern Europe and in Cuba who, like Bulgaria’s dancing bears, are now free but who seem nostalgic for the time when they were not. His on-the-ground reporting—of smuggling a car into Ukraine, hitchhiking through Kosovo as it declares independence, arguing with Stalin-adoring tour guides at the Stalin Museum, sleeping in London’s Victoria Station alongside a homeless woman from Poland, and giving taxi rides to Cubans fearing for the life of Fidel Castro—provides a fascinating portrait of social and economic upheaval and a lesson in the challenges of freedom and the seductions of authoritarian rule. From the Introduction: “Guys with wacky hair who promise a great deal have been springing up in our part of the world like mushrooms after rain. And people go running after them, like bears after their keepers. . . . Fear of a changing world, and longing for someone . . . who will promise that life will be the same as it was in the past, are not confined to Regime-Change Land. In half the West, empty promises are made, wrapped in shiny paper like candy. And for this candy, people are happy to get up on their hind legs and dance.”

The Trouble with Peace

The Trouble with Peace Pdf/ePub eBook Author: Joe Abercrombie
Editor: Orbit
ISBN: 0316341894
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The Trouble with Peace by Joe Abercrombie Summary

"A master of his craft." - Forbes "No one writes with the seismic scope or primal intensity of Joe Abercrombie." - Pierce Brown A fragile peace gives way to conspiracy, betrayal, and rebellion in this sequel to the New York Times bestselling A Little Hatred from epic fantasy master Joe Abercrombie. Peace is just another kind of battlefield . . . Savine dan Glokta, once Adua's most powerful investor, finds her judgement, fortune and reputation in tatters. But she still has all her ambitions, and no scruple will be permitted to stand in her way. For heroes like Leo dan Brock and Stour Nightfall, only happy with swords drawn, peace is an ordeal to end as soon as possible. But grievances must be nursed, power seized, and allies gathered first, while Rikke must master the power of the Long Eye . . . before it kills her. Unrest worms into every layer of society. The Breakers still lurk in the shadows, plotting to free the common man from his shackles, while noblemen bicker for their own advantage. Orso struggles to find a safe path through the maze of knives that is politics, only for his enemies, and his debts, to multiply. The old ways are swept aside, and the old leaders with them, but those who would seize the reins of power will find no alliance, no friendship, and no peace lasts forever. For more from Joe Abercrombie, check out: The Age of MadnessA Little HatredThe Trouble With Peace The First Law TrilogyThe Blade ItselfBefore They Are HangedLast Argument of KingsBest Served ColdThe HeroesRed Country The Shattered Sea TrilogyHalf a KingHalf a WorldHalf a War

The Madness of Crowds

The Madness of Crowds Pdf/ePub eBook Author: Douglas Murray
Editor: Bloomsbury Publishing USA
ISBN: 1635579996
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The Madness of Crowds by Douglas Murray Summary

THE SUNDAY TIMES BESTSELLER Updated with a new afterword "An excellent take on the lunacy affecting much of the world today. Douglas is one of the bright lights that could lead us out of the darkness." – Joe Rogan "Douglas Murray fights the good fight for freedom of speech ... A truthful look at today's most divisive issues" – Jordan B. Peterson Are we living through the great derangement of our times? In The Madness of Crowds Douglas Murray investigates the dangers of 'woke' culture and the rise of identity politics. In lively, razor-sharp prose he examines the most controversial issues of our moment: sexuality, gender, technology and race, with interludes on the Marxist foundations of 'wokeness', the impact of tech and how, in an increasingly online culture, we must relearn the ability to forgive. One of the few writers who dares to counter the prevailing view and question the dramatic changes in our society – from gender reassignment for children to the impact of transgender rights on women – Murray's penetrating book, now published with a new afterword taking account of the book's reception and responding to the worldwide Black Lives Matter protests, clears a path of sanity through the fog of our modern predicament.

What Should I Do with My Life?

What Should I Do with My Life? Pdf/ePub eBook Author: Po Bronson
Editor: Random House
ISBN: 1588360482
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What Should I Do with My Life? by Po Bronson Summary

“Brimming with stories of sacrifice, courage, commitment and, sometimes, failure, the book will support anyone pondering a major life choice or risk without force-feeding them pat solutions.”—Publishers Weekly In What Should I Do with My Life? Po Bronson tells the inspirational true stories of people who have found the most meaningful answers to that great question. With humor, empathy, and insight, Bronson writes of remarkable individuals—from young to old, from those just starting out to those in a second career—who have overcome fear and confusion to find a larger truth about their lives and, in doing so, have been transformed by the experience. What Should I Do with My Life? struck a powerful, resonant chord on publication, causing a multitude of people to rethink their vocations and priorities and start on the path to finding their true place in the world. For this edition, Bronson has added nine new profiles, to further reflect the range and diversity of those who broke away from the chorus to learn the sound of their own voice.

A Piece of the Action

A Piece of the Action Pdf/ePub eBook Author: Joe Nocera
Editor: Simon and Schuster
ISBN: 1476734798
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A Piece of the Action by Joe Nocera Summary

Winner of the Helen Bernstein Award for Excellence in Journalism One of Business Week’s “Ten Best Business Books of the Year” When it was published in 1994, A Piece of the Action was wildly acclaimed by Fortune, The Wall Street Journal, authors Michael Lewis and Brian Burroughs; it won the Helen Bernstein Prize and was a national bestseller. Joseph Nocera describes the historical process by which millions of middle class Americans went from being savers—people who kept their money in the bank, and spent it frugally—to being unrepentant borrowers and investors. A Piece of the Action is an important piece of financial and social history, and with a new introduction, Nocera’s 2013 critique of the uses of the revolution is a powerful warning and admonition to understand what is at stake before we act, to look before we jump.

Soul Music

Soul Music Pdf/ePub eBook Author: Terry Pratchett
Editor: Random House
ISBN: 1407034936
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Soul Music by Terry Pratchett Summary

'Classic English humour, with all the slapstick, twists and dry observations you could hope for' The Times The Discworld is very much like our own - if our own were to consist of a flat planet balanced on the back of four elephants which stand on the back of a giant turtle, that is . . . 'This is a story about sex and drugs and Music With Rocks In. Well... ...one out of three ain’t bad.' Being sixteen is always difficult, even more so when there’s a Death in the family. After all, it's hard to grow up normally when Grandfather rides a white horse and wields a scythe. Especially if he decides to take a well-earned moment to uncover the meaning of life and discover himself in the process, so that you have to take over the family business, and everyone mistakes you for the Tooth Fairy. And especially when you have to face the new and addictive music that has entered Discworld. It's lawless. It changes people. It's got a beat and you can dance to it. It's called Music With Rocks In. And it won't fade away. __________________ The Discworld novels can be read in any order but Soul Music is the third book in the Death series.

Decision Economics: In the Tradition of Herbert A. Simon's Heritage

Decision Economics: In the Tradition of Herbert A. Simon's Heritage Pdf/ePub eBook Author: Edgardo Bucciarelli,Shu-Heng Chen,Juan M. Corchado
Editor: Springer
ISBN: 3319608827
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Decision Economics: In the Tradition of Herbert A. Simon's Heritage by Edgardo Bucciarelli,Shu-Heng Chen,Juan M. Corchado Summary

The special session on Decision Economics (DECON) is a scientific forum held annually and intended to share ideas, projects, research results, models and experiences associated with the complexity of behavioural decision processes and socio‐economic phenomena. DECON 2017 was held at the Polytechnic of Porto, ISEP, Portugal, as part of the 14th International Conference on Distributed Computing and Artificial Intelligence. For the second consecutive year, the Editors of this book have drawn inspiration from Herbert A. Simon’s immense body of work and argue that Simon precipitated something akin to a revolution in microeconomics focused on the concept of decision‐making. Further, it is worth noting that the recognition of relevant decision‐making takes place in a range of critical subject areas and research fields, including economics, finance, information systems, small and international business management, operations, and production. Therefore, decision‐making issues are of fundamental importance in all branches of economics addressed both deductively and inductively. Not surprisingly, the study of decision‐making has seen growing empirical research efforts in the economic literature over the last sixty years and, more recently, a variety of insightful cutting‐edge experimental, behavioural and computational approaches. Additionally, the awareness regarding generalizations and reductions to express economic concepts has led, on the one hand, to an increasing risk of spreading the language of mathematics as a rhetorical tool and, on the other hand, to an oversimplification and overlooking of some crucial details, especially when it comes to human decisions and, hence, economic behaviour. That awareness, however, has helped to produce an extraordinary volume of empirical research aimed at discovering how economic agents cope with complex decisions. In this sense, the international scientific community acknowledges Herbert A. Simon’s research endeavours to understand the processes involved in economic decision‐making and their implications for the advancement of economic professions. Within the field of decision‐making, indeed, Simon’s rejection of the standard decision‐making models used in neoclassical economics inspired social scientists worldwide to develop research programmes in order to study decision‐making empirically. The main achievements concern decision‐making for individuals, firms, markets, governments, institutions, and, last but not least, science and research.

Stock Market Investing for Beginners & Dummies

Stock Market Investing for Beginners & Dummies Pdf/ePub eBook Author: Giovanni Rigters
Editor:
ISBN: 1370236352
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Stock Market Investing for Beginners & Dummies by Giovanni Rigters Summary

You know that you need to start investing, because you won’t be able to work your whole life. You don’t want to be the old employee working as a door greeter at your big chain department store. It will also be frustrating and very depressing if you are not financially aware of your future. Time seems to go faster the older you get and it’s never too late to get started. But getting started might be one of your problems. There is too much information available and too many scammers are trying to get you to invest in shady companies. You also don’t have the time to figure everything out by yourself, because it might seem too hard and complicated. However, getting the investing part of your life handled will improve your life tremendously. You will have peace of mind when you think about your future and you will also have the confidence to make sound investing decisions. You’ll also have the knowledge to talk intelligently with your peers and financial advisors, making it easy to spot when someone is giving you wrong information. I begin with the basics, like what are stocks and how the stock market works. I then transition into how you can make money in the stock market, give you some stocks you should have on your watch list and some of the lies and mistakes you will have to deal with as an investor. So, don’t wait and get this book now. It’s on sale at this moment, but the price will go up!

Niebuhrian International Relations

Niebuhrian International Relations Pdf/ePub eBook Author: Gregory J. Moore
Editor: Oxford University Press
ISBN: 0197500455
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Niebuhrian International Relations by Gregory J. Moore Summary

Reinhold Niebuhr's ideas about ethics, social justice, and foreign policy have been hugely influential for American political thought, and this has been true across the political spectrum, from progressive social justice activists to neo-conservatives. A one-time leader in the Socialist party, Niebuhr worked with Eleanor Roosevelt to found Americans for Democratic Action. Jimmy Carter took inspiration from his ideas about love and justice, and Barack Obama has praised him as one of his favorite philosophers. His theories have also influenced neoconservatives, many of whom cited his work to support the 2003 invasion of Iraq. Yet, Niebuhr never published a single, comprehensive book on his approach to international relations, and, because he was so prolific, one would have to sift through volumes of his work to try to construct such a unified vision. This book distills Niebuhr's disparate and heretofore difficult-to-access work on international relations into one concise and accessible volume. Drawing from the well-springs of Niebuhr's Christian social thought, the volume explores the depths of Niebuhr's views on human nature, race, collective life, U.S. foreign policy, Just War Theory, Cold War era containment, globalization, and the U.N. It then applies his approach to contemporary foreign policy issues such as the 2003 Iraq War, the Responsibility to Protect, and the rise of China. The book also considers Niebuhr's contribution to IR theory and contextualizes it in the present day revival of classical Realism with a multivariate, existentialist twist. Ultimately, the book asserts that Niebuhr's notion of a fallible, self-interested view of human nature, his dialectical approach, and a related moral dualism run throughout his work on politics and international relations as they did through the rest of his work.

Open Source Church

Open Source Church Pdf/ePub eBook Author: Landon Rev. Whitsitt, Author
Editor: Rowman & Littlefield
ISBN: 1566995973
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Open Source Church by Landon Rev. Whitsitt, Author Summary

Open source software makes the basic program instructions available for anyone to see and edit. An 'open source church,' likewise, is one in which the basic functions of mission and ministry are open to anyone. Members feel free to pursue their callings from God that are consistent with what God has called the congregation to be and do. But what does 'open source church' look like? In Open Source Church: Making Room for the Wisdom of All, Landon Whitsitt argues that Wikipedia, the encyclopedia that anyone can see and edit, might be the most instructive model available to help congregations develop leaders and structures that can meet the challenges presented by our changing world. Its success depends, he demonstrates, not on the views of select experts but on the collective wisdom of crowds. Then, turning to the work of James Surowiecki in The Wisdom of Crowds, he explores the idea that the body of Christ itself--when it is intentionally diverse, encourages independence of thought, values decentralization, and effectively captures and aggregates the group's collective wisdom--is an open source church. Together, these phenomena show us what an 'open source church' looks like. It is the body of Christ at its best.

Investment Leadership and Portfolio Management

Investment Leadership and Portfolio Management Pdf/ePub eBook Author: Brian D. Singer,Greg Fedorinchik
Editor: John Wiley & Sons
ISBN: 9780470543337
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Investment Leadership and Portfolio Management by Brian D. Singer,Greg Fedorinchik Summary

An industry leader candidly examines the role of investment leadership in portfolio management Investment Leadership & Portfolio Management provides a top down analysis of successful strategies, structures, and actions that create an environment that leads to strong macro investment performance and rewarding investor outcomes. By examining how to manage and lead an investment firm through successful investment decision-making processes and actions, this book reveals what it will take to succeed in a radically changed investment landscape. From firm governance and firm structure-for single capability, multi-capability, and investment and product firms-to culture, strategy, vision, and execution, authors Brian Singer, Barry Mandinach, and Greg Fedorinchik touch upon key topics including the differences between leading and managing; investment philosophy, process, and portfolio construction; communication and transparency; and ethics and integrity. Leadership issues in investment firms are a serious concern, and this book addresses those concerns Details the strong correlation between excellence in investment leadership and excellence in portfolio management Written by a group of experienced professionals in the field, including the Chairman of the CFA Institute Board of Governors Understanding how to operate in today's dynamic investment environment is critical. Investment Leadership & Portfolio Management contains the insights and information needed to make significant strides in this dynamic arena.

The Hype Machine

The Hype Machine Pdf/ePub eBook Author: Sinan Aral
Editor: Currency
ISBN: 0525574522
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The Hype Machine by Sinan Aral Summary

A landmark insider’s tour of how social media affects our decision-making and shapes our world in ways both useful and dangerous, with critical insights into the social media trends of the 2020 election and beyond “In September, Sinan Aral published The Hype Machine. Five months later, the book might be described as prophetic: This month alone at least two of Aral’s three predictions have come to fruition.”—New York NAMED ONE OF THE BEST BOOKS OF THE YEAR BY WIRED • LONGLISTED FOR THE PORCHLIGHT BUSINESS BOOK AWARD MIT professor Sinan Aral isn’t only one of the world’s leading experts on social media—he’s also an entrepreneur and investor, giving him an unparalleled 360-degree view of the technology’s great promise as well as its outsize capacity to damage our politics, our economy, and even our personal health. Drawing on two decades of his own research and business experience, Aral goes under the hood of the biggest, most powerful social networks to tackle the critical question of just how much social media actually shapes our choices, for better or worse. Aral shows how the tech behind social media offers the same set of behavior-influencing levers to both Russian hackers and brand marketers—to everyone who hopes to change the way we think and act—which is why its consequences affect everything from elections to business, dating to health. Along the way, he covers a wide array of topics, including how network effects fuel Twitter’s and Facebook’s massive growth to the neuroscience of how social media affects our brains, the real consequences of fake news, the power of social ratings, and the impact of social media on our kids. In mapping out strategies for being more thoughtful consumers of social media, The Hype Machine offers the definitive guide to understanding and harnessing for good the technology that has redefined our world overnight.

The Truth About Finding and Using Customer Momentum and the Wisdom of Crowds

The Truth About Finding and Using Customer Momentum and the Wisdom of Crowds Pdf/ePub eBook Author: Michael R. Solomon
Editor: FT Press
ISBN: 0132480697
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The Truth About Finding and Using Customer Momentum and the Wisdom of Crowds by Michael R. Solomon Summary

This is the eBook version of the printed book. This Element is an excerpt from The Truth About What Customers Want (9780137142262), by Michael R. Solomon. Available in print and digital formats. How you and your customers are influenced by others (from celebrities to experts to groups)…and what that means for marketing. In Like Mike, the main character believes that he can fly higher when he dons his magical Air Jordans. Even those of us who would need a rocket pack to jump higher still get caught up in beliefs like this–if we didn’t, all those sweet celebrity endorsement deals would be nothing but net. Many of our product choices are strongly influenced by what others do.

Handbook of Collective Intelligence

Handbook of Collective Intelligence Pdf/ePub eBook Author: Thomas W. Malone,Michael S. Bernstein
Editor: MIT Press
ISBN: 0262331470
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Handbook of Collective Intelligence by Thomas W. Malone,Michael S. Bernstein Summary

Experts describe the latest research in a rapidly growing multidisciplinary field, the study of groups of individuals acting collectively in ways that seem intelligent. Intelligence does not arise only in individual brains; it also arises in groups of individuals. This is collective intelligence: groups of individuals acting collectively in ways that seem intelligent. In recent years, a new kind of collective intelligence has emerged: interconnected groups of people and computers, collectively doing intelligent things. Today these groups are engaged in tasks that range from writing software to predicting the results of presidential elections. This volume reports on the latest research in the study of collective intelligence, laying out a shared set of research challenges from a variety of disciplinary and methodological perspectives. Taken together, these essays—by leading researchers from such fields as computer science, biology, economics, and psychology—lay the foundation for a new multidisciplinary field. Each essay describes the work on collective intelligence in a particular discipline—for example, economics and the study of markets; biology and research on emergent behavior in ant colonies; human-computer interaction and artificial intelligence; and cognitive psychology and the “wisdom of crowds” effect. Other areas in social science covered include social psychology, organizational theory, law, and communications. Contributors Eytan Adar, Ishani Aggarwal, Yochai Benkler, Michael S. Bernstein, Jeffrey P. Bigham, Jonathan Bragg, Deborah M. Gordon, Benjamin Mako Hill, Christopher H. Lin, Andrew W. Lo, Thomas W. Malone, Mausam, Brent Miller, Aaron Shaw, Mark Steyvers, Daniel S. Weld, Anita Williams Woolley

Memoirs of Extraordinary Popular Delusions and the Madness of Crowds

Memoirs of Extraordinary Popular Delusions and the Madness of Crowds Pdf/ePub eBook Author: Charles Mackay
Editor: Prabhat Prakashan
ISBN: 8184305621
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Memoirs of Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay Summary

"In reading the history of nations, we find that, like individuals, they have their whims and their peculiarities; their seasons of excitement and recklessness, when they care not what they do. We find that whole communities suddenly fix their minds upon one object, and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first. We see one nation suddenly seized, from its highest to its lowest members, with a fierce desire of military glory; another as suddenly becoming crazed upon a religious scruple; and neither of them recovering its senses until it has shed rivers of blood and sowed a harvest of groans and tears, to be reaped by its posterity. At an early age in the annals of Europe its population lost their wits about the sepulchre of Jesus, and crowded in frenzied multitudes to the Holy Land; another age went mad for fear of the devil, and offered up hundreds of thousands of victims to the delusion of witchcraft." -Preface