Abstract

Bubbles have become ubiquitous. This ubiquity has stimulated research over the past three decades into bubbles in history. In this article, we provide a systematic overview of research into historical bubbles. Our analysis reveals that there is no coherent approach to the study of bubbles and much of the debate has unhelpfully focussed on the rationality/irrationality dichotomy. We then suggest a new framework for the study of historical bubbles, which helps us understand the causes of bubbles and their economic consequences. We conclude by suggesting ways in which business history can contribute to the study of historical bubbles.

中文翻译：

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历史上的泡沫

摘要

泡沫无处不在。在过去的三十年中，这种无处不在的现象刺激了研究的发展。在本文中，我们提供了对历史泡沫研究的系统概述。我们的分析表明，对泡沫的研究没有统一的方法，而且许多争论都无济于事地集中在理性/非理性二分法上。然后，我们提出了一个研究历史泡沫的新框架，这有助于我们了解泡沫的成因及其经济后果。我们通过建议商业历史可以为研究历史泡沫做出贡献的方式进行总结。