Speculation, Trading and Bubbles
Friedman Forum with José Scheinkman
Published in
1 min readApr 24, 2015
Visiting scholar José Scheinkman, currently the Edwin W. Rickert Professor of Economics at Columbia University and the Theodore A. Wells ’29 Professor of Economics Emeritus at Princeton University, presented a Friedman Forum lecture to undergraduates.
Scheinkman used historical episodes — the South Sea bubble, the extraordinary rise of stock prices during the roaring twenties, the Internet bubble, and the recent credit bubble — to illustrate three stylized facts concerning asset price bubbles:
