Bubbles and Crashes: The Boom and Bust of Technological Innovation

Financial market bubbles are recurring, often painful, reminders of the costs and benefits of capitalism.

While many books have studied financial manias and crises, most fail to compare times of turmoil with times of stability.

In Bubbles and CrashesBrent Goldfarb and David A. Kirsch give us new insights into the causes of speculative booms and busts. They identify a class of assets—major technological innovations—that can, but does not necessarily, produce bubbles. This methodological twist is essential: Only by comparing similar events that sometimes lead to booms and busts can we ascertain the root causes of bubbles.

About the Authors 
Brent Goldfarb is Associate Professor of Strategy and Entrepreneurship and the Academic Director at the Dingman Center for Entrepreneurship at the University of Maryland’s Robert H. Smith School of Business.

David A. Kirsch is Associate Professor of Strategy and Entrepreneurship at the University of Maryland’s Robert H. Smith School of Business.

Talk followed by Q&A and book signing. This event is free and open to the public.

Seating is on a first come, first seated basis.











When: Tue., May 21, 2019 at 12:30 pm - 1:30 pm
Where: New York Public Library - Science, Industry and Business Library
188 Madison Ave.
917-275-6975
Price: Free
Buy tickets/get more info now
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Financial market bubbles are recurring, often painful, reminders of the costs and benefits of capitalism.

While many books have studied financial manias and crises, most fail to compare times of turmoil with times of stability.

In Bubbles and CrashesBrent Goldfarb and David A. Kirsch give us new insights into the causes of speculative booms and busts. They identify a class of assets—major technological innovations—that can, but does not necessarily, produce bubbles. This methodological twist is essential: Only by comparing similar events that sometimes lead to booms and busts can we ascertain the root causes of bubbles.

About the Authors 
Brent Goldfarb is Associate Professor of Strategy and Entrepreneurship and the Academic Director at the Dingman Center for Entrepreneurship at the University of Maryland’s Robert H. Smith School of Business.

David A. Kirsch is Associate Professor of Strategy and Entrepreneurship at the University of Maryland’s Robert H. Smith School of Business.

Talk followed by Q&A and book signing. This event is free and open to the public.

Seating is on a first come, first seated basis.

Buy tickets/get more info now