21.154 Views
Why do stock markets produce bubbles and busts? Professor Ferguson goes back to the origins of the joint stock company in Amsterdam and Paris. He draws telling parallels between the current stock market crash and the 18th-century Mississippi Bubble of Scottish financier John Law and the 2001 Enron bankruptcy. He shows why humans have a herd instinct when it comes to investment, and why no one can accurately predict when the bulls might stampede.
First Air Date : Nov 17, 2008
Last Air date : Dec 22, 2008
Episode : 6 Episode
Season : 1 Season
Runtime: 49 minutes
Studio: Channel 4
Country:
Cast: Niall Ferguson
Crew:
