This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window
Open in New Tab
Open in same window
Journal of Economic Perspectives: Vol. 4 No. 2 (Spring 1990)
JEP Volume. 4, Issue 2 | 
Previous ArticleNext Article
Sign up for Email Alerts Follow us on Twitter
Full-text Article (Complimentary)
View Comments on This Article (0) | Login to post a comment
Previous ArticleNext Article
Expand
Quick Tools:
Print Article Summary Email Link to this Article Export CitationSign up for Email Alerts Follow us on Twitter
Explore:
Symposium on Bubbles
Article Citation
Stiglitz, Joseph E. 1990. "Symposium on Bubbles."
Journal of Economic Perspectives,
4(2): 13-18.
DOI: 10.1257/jep.4.2.13
DOI: 10.1257/jep.4.2.13
Abstract
The papers in this symposium represent the divergent views of economists on an important issue: the extent to which prices of assets represent "fundamental" values. While the papers in the symposium present different formal definitions of what a bubble is, the basic intuition is straightforward: if the reason that the price is high today is only because investors believe that the selling price will be high tomorrow—when "fundamental" factors do not seem to justify such a price—then a bubble exists.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Stiglitz, Joseph E. (Stanford U)
JEL Classifications
313: Capital Markets--General
Comments
View Comments on This Article (0) | Login to post a comment
