Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and depart from historically established asset va

Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to an

“An interesting take on some factors that facilitate the development and bursting of bubbles in technology industries. . . . Highly recommended.” —Choice

One would think that economists would by now have already developed a solid grip on how financial bubbles form and how to measure and compare them. This is not

The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social science