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Economic Insight > Blog > Economics > Cautionary Tales – Buried by the Wall Street Crash (Classic)
Cautionary Tales – Buried by the Wall Street Crash (Classic)
Economics

Cautionary Tales – Buried by the Wall Street Crash (Classic)

EC Team
Last updated: April 28, 2025 7:15 pm
EC Team
Published April 28, 2025
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Irving Fisher and John Maynard Keynes were two of the greatest economists who ever lived, and they thought they could predict the future and kill them on the stock market. They both couldn’t see the Wall Street crash, the biggest financial disaster of their age, and perhaps the collision of all ages. However, because they made errors with the same prediction, Fisher and Keynes met very different fates. What do you need to see the future? And when you fail, what does it take to bounce off the ruin?

Features: Alan Cumming, Russell Tovey, Mircea Monroe, Rufus Wright, Ed Gaughan, Melanie Gutteridge.

Producers: Ryan Dilly and Marilyn Last. Sound Design/Mix/Composition: Pascal Weiss. Fact check: Joseph Fridman. Editor: Julia Burton. Recorded: Word Tour Studio in London. GSI Studios, New York.

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Walter Friedman fortune teller It is an important source of information for Fisher. It is the history of all the economic forecasts of the United States. I loved it.

Sylvia Nassar’s amazing An epic pursuit There’s more for both Keynes and Fisher.

There are some great journalistic explanations of Keynes taking part in the DEGAS auction. Please try it BBC, Wall Street Journalor Today’s history.

At Keynes, the central sources of his investment performance are David Chambers and Elroy Dimson. 2013. “Retrospective: John Maynard Keynes, Investment Innovator.” Journal of Economic Perspectives, 27(3): 213-28.Doi: 10.1257/jep.27.3.213. More informal ones have more biopic details Keynes’s Road to Fortune By John Wasick.

Philip Tetlock’s original work is detailed in his subtle, academic and groundbreaking Experts’ political judgments. His recent book with Dan Gardner, SuperForeCasting It’s more journalistic and covers his recent discoveries. Both books are very good, but the style is completely different.

The case studies of Dorothy Martin and the UFO cult are spoken directly from the festival and his colleagues When the prophecy fails. There’s more debate The mistake happened (but I am not), An excellent guide to all ways we don’t realize we’re wrong by Carol Tablis and Elliot Aronson.

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