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Boombustology

November 26, 2012 by Speakers' Spotlight

Boombustology

I recently finished the book Boombustology by Vikram Mansharamani.  For anyone who knows me well, this is almost comical.  I am just simply not math-inclined.  I nearly flunked high school math, and I will normally use a calculator to add two single-digit numbers.  For the most part, I operate better in the grey area, of maybes and possibilities, rather than in the black and white world of, say, economics.  And my recent attempt to read a Stephen Hawking book was a miserable failure.

But I’m interested in the general idea of economics, and after having met Vikram a few months ago in our offices (and wishing my University professors were half as interesting), I figured I’d give it a shot.  Without doubt, Boombustology is one of the best books I’ve read.

I had virtually no knowledge of economics prior to reading the book, and now I feel I have a great understanding of why and how “booms” and “busts” happen, and some key indicators. Vikram makes the concepts simple, and then applies them to a host of booms and busts that have happened throughout history.  As well, he includes tables and graphs for visual learners, and uses humour and every day examples to illustrate his points.  Many of the concepts he introduces have stuck with me, and I’ll be on the look-out in the future for things like the “greater fool” (I’m pretty sure I’ve dated him), and housing vacancy rates.

I would highly recommend Boombustology to anyone who’s looking for something to read this holiday season.