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Domestic Contagion

In: Manias, Panics and Crashes

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  • Charles P. Kindleberger
  • Peter L. Bernstein

Abstract

I start with tulipmania. This is generally regarded as an isolated incident. Peter Garber believes that the exotic varieties owed their spectacular manifold rise in price to the fundamental that they were difficult to evolve in Mendelian terms, and their collapse to the normal process of reproduction, once produced. But Garber acknowledges that he cannot explain why garden-variety tulips like the Gouda, Switzer, or White Crown, traded among the simple folk at so-called colleges or public houses, also soared and fell in price.1 In some eyes, the rare bulbs on which he puts exclusive emphasis and a certain amount of body English1 were only a sideshow to the mania concentrated in the standard varieties.

Suggested Citation

  • Charles P. Kindleberger & Peter L. Bernstein, 2000. "Domestic Contagion," Palgrave Macmillan Books, in: Manias, Panics and Crashes, edition 0, chapter 7, pages 109-116, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-53675-3_7
    DOI: 10.1057/9780230536753_7
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