Wednesday 22 January 2020, 1.00PM to 3.00pm
When investors speculate with their own money and fail, it is a personal loss. When they speculate with other people’s money, failure often leads to a crisis borne by the central bank. This course take will an historical look at financial panics since the Dutch Tulip Mania of 1634, and consider the human factors making swindles possible. As Charles Ponzi, of the infamous scheme, said, ‘when a man’s vision is fixed on one thing, he might as well be blind’.
Tutor: Martin Fecitt BA MA PGCE