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Greed & Gravity

7 Financial Blunders That Changed the World: When Overconfidence Outran Economics (Crash Course: A History of Financial Folly)

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Throughout history, economies have soared to euphoric heights—only to be pulled down by the unforgiving force of financial gravity. In Greed & Gravity, David G. Stone unpacks seven of the most consequential economic disasters the world has ever seen. These were not merely accidents of policy or market misjudgments—they were catastrophes shaped by unchecked ambition, overconfidence, and willful ignorance.

From the South Sea Bubble of the 18th century to the crypto collapse of the 21st, each chapter exposes the human flaws and systemic missteps that brought nations, markets, and empires to their knees. Blending economic analysis with compelling storytelling, this book reveals how greed, pride, and illusion repeatedly led to financial ruin—and how the same patterns continue to echo in today’s global economy.

This is a history of hubris, a study in systemic failure, and a cautionary tale for future leaders, investors, and dreamers.

©2025 ELC Publishing (P)2026 ELC Publishing
Economic History Economics Modern
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