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Tulipomania Quotes

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Tulipomania Quotes

“The bubble logic driving tulipomania has since acquired a name: “the greater fool theory.” Although by any conventional measure it is folly to pay thousands for a tulip bulb (or for that matter an Internet stock), as long as there is an even greater fool out there willing to pay even more, doing so is the most logical thing in the world.”

Economics Logic Tulips Greater Fool Theory Tulipomania

Book:The Botany of Desire: A Plant's-Eye View of the World

Source: The Botany of Desire: A Plant's-Eye View of the World

“...the disease killed eight thousand...between its first appearance in October 1635 and its eventual disappearance in July 1637...The appalling impact of the plague had two significant consequences. One was that it created a shortage of labor and thus resulted in a rise in wages as employers competed for man-power.”

History Labor Plague Epidemic Netherlands 17th Century History Repeating Itself Tulipomania Labor Shortage

Book:Tulipomania: The Story of the World's Most Coveted Flower & the Extraordinary Passions It Aroused

Source: Tulipomania: The Story of the World's Most Coveted Flower & the Extraordinary Passions It Aroused