Memoirs of the Extraordinary Popular Delusions and the Madness of Crowds (two volumes)
London: Office of the National Illustrated Library, 1852. 2nd Edition. Hardcover. "MEN GO MAD IN HERDS": Mackay's books later used in charting the stock market. Two volumes, Octavo, early 20th century three-quarter polished tan calf gilt, raised bands, red and green morocco spine labels, marbled endpapers, top edges gilt. Second edition of this important, entertaining and influential early study of crowd behavior, subsequently used to explore popular psychology and to chart the stock market, with numerous wood-engraved illustrations, handsomly bound by Boynton. Noted Scottish poet Charles Mackay attempted in this work to document and explain major "popular delusions" or seemingly irrational instances of mass action and belief. "Men", the author contends, "think in herds; it will be seen that they go mad in herds." In developing his theories of mass behavior Mackay analyzes a breadth of historical examples ranging from alchemists, witch hunts and the famous South Sea Bubble of 1720. Mackay's work has had a remarkably far-reaching impact, influencing such diverse fields as popular psychology and playing the stock market. See Norman 1406. Mild rubbing to joints and edge of handsome bindings. Near-fine condition. Very Good / No Jacket. Item #EBS100154
Price: $950.00