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Extraordinary Popular Delusions
''Extraordinary Popular Delusions and the Madness of Crowds'' is an early study of crowd psychology by Scottish journalist Charles Mackay, first published in 1841 under the title ''Memoirs of Extraordinary Popular Delusions''. The book was published in three volumes: "National Delusions", "Peculiar Follies", and "Philosophical Delusions". Mackay was an accomplished teller of stories, though he wrote in a journalistic and somewhat sensational style. The subjects of Mackay's debunking include alchemy, crusades, duels, economic bubbles, fortune-telling, haunted houses, the Drummer of Tedworth, the influence of politics and religion on the shapes of beards and hair, magnetisers (influence of imagination in curing disease), murder through poisoning, prophecies, popular admiration of great thieves, popular follies of great cities, and relics. Present-day writers on economics, such as Michael Lewis and Andrew Tobias, laud the three chapters on economic bubbles. In later edi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Mackay (author)
Charles Mackay (27 March 1814 – 24 December 1889) was a Scottish poet, journalist, author, anthologist, novelist, and songwriter, remembered mainly for his book ''Extraordinary Popular Delusions and the Madness of Crowds''. Early life Charles Mackay was born in Perth, Scotland. His father, George Mackay, was a bombardier in the Royal Artillery, and his mother Amelia Cargill died shortly after his birth. Mackay was educated at the Caledonian Asylum, in London. In 1828 he was placed by his father at a school in Brussels, on the Boulevard de Namur, shortly taken over by William James Joseph Drury; and studied languages. In 1830 he was engaged as a private secretary to William Cockerill, the ironmaster, near Liège, began writing in French in the ''Courrier Belge'', and sent English poems to a local newspaper called ''The Telegraph''. In the summer of 1830 he visited Paris, and he spent 1831 with Cockerill at Aix-la-Chapelle. In May 1832 his father brought him back to London ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Relic
In religion, a relic is an object or article of religious significance from the past. It usually consists of the physical remains of a saint or the personal effects of the saint or venerated person preserved for purposes of veneration as a tangible memorial. Relics are an important aspect of some forms of Buddhism, Christianity, Islam, shamanism, and many other religions. ''Relic'' derives from the Latin ''reliquiae'', meaning "remains", and a form of the Latin verb ''relinquere'', to "leave behind, or abandon". A reliquary is a shrine that houses one or more religious relics. In classical antiquity In ancient Greece, a polis, city or Greek temple, sanctuary might claim to possess, without necessarily displaying, the remains of a venerated hero as a part of a Greek hero cult, hero cult. Other venerable objects associated with the hero were more likely to be on display in sanctuaries, such as spears, shields, or other weaponry; chariots, ships or Figurehead (object), figureheads ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matthew Hopkins
Matthew Hopkins ( 1620 – 12 August 1647) was an English witch-hunter whose career flourished during the English Civil War. He claimed to hold the office of Witchfinder General, although that title was never bestowed by Parliament, and was mainly active in East Anglia. The son of a Puritan minister, Hopkins' career as a witch-finder began in March 1644 and lasted until his retirement in 1647. He and his associates were responsible for more people being hanged for witchcraft than in the previous 100 years, and were solely responsible for the increase in witch trials during those years. He is believed to have been responsible for the executions of over 100 alleged witches between the years 1644 and 1646. Hopkins and his colleague John Stearne sent more accused people to the gallows than all the other witch-hunters in England of the previous 160 years. Early life Little is known of Matthew Hopkins before 1644, and there are no surviving contemporary documents con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hybristophilia
Hybristophilia is a sexual interest in and attraction to those who commit crimes, a paraphilia in which sexual arousal, facilitation, and attainment of orgasm are responsive to and contingent upon being with a partner known to have committed a crime. The term is derived from the Greek word (), meaning "to commit an outrage against someone" (ultimately derived from , "hubris"), and ''philo'', meaning "having a strong affinity/preference for". In popular culture, this phenomenon is also known as "Bonnie and Clyde syndrome". Many high-profile criminals, particularly those who have committed atrocious crimes, receive "fan mail" in prison that is sometimes amorous or sexual, presumably as a result of this phenomenon. In some cases, admirers of these criminals have gone on to marry the object of their affections in prison. Lexicology The term is derived from the Greek word ὑβρίζειν ''hubrizein'', meaning "to commit an outrage against someone" (ultimately derived from ὕβρ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Futures Contract
In finance, a futures contract (sometimes called a futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The asset transacted is usually a commodity or financial instrument. The predetermined price of the contract is known as the ''forward price''. The specified time in the future when delivery and payment occur is known as the ''delivery date''. Because it derives its value from the value of the underlying asset, a futures contract is a derivative. Contracts are traded at futures exchanges, which act as a marketplace between buyers and sellers. The buyer of a contract is said to be the long position holder and the selling party is said to be the short position holder. As both parties risk their counter-party reneging if the price goes against them, the contract may involve both parties lodging as security a margin of the value of the contract with a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tulip
Tulips (''Tulipa'') are a genus of spring-blooming perennial herbaceous bulbiferous geophytes (having bulbs as storage organs). The flowers are usually large, showy and brightly coloured, generally red, pink, yellow, or white (usually in warm colours). They often have a different coloured blotch at the base of the tepals (petals and sepals, collectively), internally. Because of a degree of variability within the populations, and a long history of cultivation, classification has been complex and controversial. The tulip is a member of the lily family, Liliaceae, along with 14 other genera, where it is most closely related to '' Amana'', ''Erythronium'' and ''Gagea'' in the tribe Lilieae. There are about 75 species, and these are divided among four subgenera. The name "tulip" is thought to be derived from a Persian word for turban, which it may have been thought to resemble by those who discovered it. Tulips originally were found in a band stretching from Southern Europe to Ce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Speculation
In finance, speculation is the purchase of an asset (a commodity, good (economics), goods, or real estate) with the hope that it will become more valuable shortly. (It can also refer to short sales in which the speculator hopes for a decline in value.) Many speculators pay little attention to the fundamental value of a security and instead focus purely on price movements. In principle, speculation can involve any tradable good or financial instrument. Speculators are particularly common in the markets for stocks, bond (finance), bonds, commodity futures, currency, currencies, fine art, collectibles, real estate, and derivative (finance), derivatives. Speculators play one of four primary roles in financial markets, along with hedge (finance), hedgers, who engage in transactions to offset some other pre-existing risk, arbitrageus who seek to profit from situations where Fungibility, fungible instruments trade at different prices in different market segments, and investors who s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tulip Mania
Tulip mania ( nl, tulpenmanie) was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels. The major acceleration started in 1634 and then dramatically collapsed in February 1637. It is generally considered to have been the first recorded speculative bubble or asset bubble in history. In many ways, the tulip mania was more of a then-unknown socio-economic phenomenon than a significant economic crisis. It had no critical influence on the prosperity of the Dutch Republic, which was one of the world's leading economic and financial powers in the 17th century, with the highest per capita income in the world from about 1600 to about 1720. The term "tulip mania" is now often used metaphorically to refer to any large economic bubble when asset prices deviate from intrinsic values. Forward markets appeared in the Dutch Republic during the 17th century. Among the most notable cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mississippi Company
The Mississippi Company (french: Compagnie du Mississippi; founded 1684, named the Company of the West from 1717, and the Company of the Indies from 1719) was a corporation holding a business monopoly in French colonies in North America and the West Indies. In 1717, the Mississippi Company received a royal grant with exclusive trading rights for 25 years. The rise and fall of the company is connected with the activities of the Scottish financier and economist John Law (economist), John Law who was then the Controller General of Finances of France. When the speculation in French financial circles, and the land development in the region became frenzied and detached from economic reality, the Mississippi bubble became one of the earliest examples of an economic bubble. History The ''Compagnie du Mississippi'' was originally chartered in 1684 by the request of René-Robert Cavelier, Sieur de La Salle, Renee-Robert Cavelier (La Salle) who sailed in that year from France with a la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Glasgow Argus
The ''Glasgow Argus'' was a Scottish newspaper, published biweekly from 1833 to 1847. It took a reforming editorial line, supporting Abolitionism in the United Kingdom, abolitionism and opposing the Corn Laws. The ''Argus'' was perceived as the paper of the supporters of the Glasgow merchant and politician James Oswald (merchant), James Oswald. History The Glasgow Argus was inaugurated at a meeting on 4 February 1833, chaired by Colin Dunlop of Tollcross, Charles Tennant, George Crawfurd and James Lumsden (Lord Provost), James Lumsden. At this meeting, it was agreed that the business would be floated on the joint-stock principle. Two hundred shares were issued at a value of £20 each. Shareholders were only permitted to hold a maximum of ten shares. Initially, the journal was printed by Robert and James Hedderwick, but in 1833, a printing department was created, ostensibly to save money. The first editor, William Weir, not only made the ''Argus'' the recognised organ of the "C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrew Odlyzko
Andrew Michael Odlyzko (Andrzej Odłyżko) (born 23 July 1949) is a Polish-American mathematician and a former head of the University of Minnesota's Digital Technology Center and of the Minnesota Supercomputing Institute. He began his career in 1975 at Bell Telephone Laboratories, where he stayed for 26 years before joining the University of Minnesota in 2001. Work in mathematics Odlyzko received his B.S. and M.S. in mathematics from the California Institute of Technology and his Ph.D. from the Massachusetts Institute of Technology in 1975. In the field of mathematics he has published extensively on analytic number theory, computational number theory, cryptography, algorithms and computational complexity, combinatorics, probability, and error-correcting codes. In the early 1970s, he was a co-author (with D. Kahaner and Gian-Carlo Rota) of one of the founding papers of the modern umbral calculus. In 1985 he and Herman te Riele disproved the Mertens conjecture. In mathematic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Sea Company
The South Sea Company (officially The Governor and Company of the merchants of Great Britain, trading to the South Seas and other parts of America, and for the encouragement of the Fishery) was a British joint-stock company founded in January 1711, created as a public-private partnership to consolidate and reduce the cost of the national debt. To generate income, in 1713 the company was granted a monopoly (the Asiento de Negros) to supply African slaves to the islands in the "South Seas" and South America. When the company was created, Britain was involved in the War of the Spanish Succession and Spain and Portugal controlled most of South America. There was thus no realistic prospect that trade would take place, and as it turned out, the Company never realised any significant profit from its monopoly. However, Company stock rose greatly in value as it expanded its operations dealing in government debt, and peaked in 1720 before suddenly collapsing to little above its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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