Those who lived through the huge speculative real estate bubble of the 1990s through 2008 might have imagined that it was unprecedented. Not so. Far from it!

This definitive history of land speculation provides a well-documented but hugely entertaining look at bubbles, bailouts, and land rackets from the Colonial Age through 1932, which is the date when this wonderful book by A.M. Sakolski (Professor of Finance, City College of New York) was first published. It is republished here because it presents a history that hardly anyone would otherwise know, and Sakolski’s treatment has never been surpassed.

那些经历过20世纪90年代到2008年的巨大房地产投机泡沫的人可能会认为这是前所未有的。不是这样。远非如此！
这部关于土地投机的权威历史提供了从殖民时代到1932年的泡沫、救助和土地诈骗的详细记录，但非常有趣。1932年是a.M.Sakolski（纽约城市学院金融学教授）这本精彩的书首次出版的日子。它在这里重新出版是因为它展现了一段几乎没有人会知道的历史，而萨科尔斯基的治疗从未被超越。