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Money for Nothing, by Thomas Levenson

A history of the South Sea Bubble that is immensely readable.

Oliver Webb-Carter

Money for Nothing: The South Sea Bubble and the Invention of Modern Capitalism, by Thomas Levenson After the 1707 Act of Union, the new Kingdom of Great Britain was experiencing a number of firsts; Isaac Newton had already brought ground-breaking understanding with...

Money for Nothing: Thomas Levenson on the South Sea Bubble

Thomas Levenson, who has written a brilliant account of the crisis, sat down with financier David Durlacher to discuss how the events echo today’s markets.

David Durlacher

The South Sea Bubble in 1721 was the first stock market crash of its kind, and ushered into the modern era a new way of managing government debt. Thomas, what parallels should we draw between the South Sea Bubble and more recent bubbles of today, like the dot-com...