Famous first bubbles - Peter M. Garber - 2000

Page 42

3

Where Does the Tulipmania Legend Come From?

Given its strategic position in current views of tulipmania, it is vital to investigate from which sources Mackay constructed his version of the speculation. While at one point Mackay includes a minor citation to Johann Beckmann, he plagiarized most of his description from Beckmann with a little literary embellishment.4 Beckmann, the original source of the sailor and dissector anecdotes referred to in the previous chapter, cites Blainville (1743) as his source for the story about the Englishman. A careful reading of Blainville, however, turns up only a one-sentence report that a tulip speculation occurred from 1634–1637 in what is otherwise a baroque travel log of Haarlem. Indeed, Blainville’s description of his travels through Holland was a diary of a tour made in 1705, seventy years after the speculation. For the sailor story, Beckmann mentions that the incident occurred while John Balthasar Schuppe (1610–1661) was in Holland, without other reference. However, the context of the paragraph in which the story appears seems to


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Articles inside

Index

9min
pages 168-176

References

3min
pages 162-167

Notes

3min
pages 158-161

Appendix 2:The Seventeenth-Century Tulip Price Data

9min
pages 146-157

Appendix 1:The Tulipmania in the Popular and Economics Literature

5min
pages 140-145

19 Conclusion

3min
pages 136-139

17 South Sea Finance Operations

5min
pages 128-133

18 Fundamentals of the South Sea Company

2min
pages 134-135

16 Law’s Shadow: The South Sea Bubble

4min
pages 122-127

Fundamentals

2min
pages 118-121

14 John Law’s Finance Operations

9min
pages 108-117

and South Sea Bubbles

2min
pages 104-107

11 Was This Episode a “Tulipmania”?

11min
pages 88-97

Bubbles

3min
pages 100-103

9 Post-Collapse Tulip Prices

4min
pages 74-77

10 Bulb Prices in Later Centuries

8min
pages 78-87

7 The Bulb Market, 1634–1637

5min
pages 56-61

6 The Broken Tulip

3min
pages 52-55

5 The Bubonic Plague

2min
pages 50-51

Futures Markets and Short Selling: The Source of the Pamphlets

4min
pages 46-49

John Law and the Fundamentals of the Mississippi

1min
pages 26-27

2 The Traditional Image of Tulipmania

2min
pages 38-41

From?

3min
pages 42-45

APreliminary View: The Mississippi and South Sea

1min
page 25

Establishment Attitudes toward

9min
pages 17-24

1 APolitical and Economic Background

4min
pages 32-37

Where Does the Tulipmania Legend Come

1min
page 16
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