Lars Magnusson

Lars Magnusson is a professor in Economic History at Uppsala University, and was the vice chancellor of said university 2005–2017. Member of the Royal Academy of Science, chairman in Scandinavian Society of Economic and Social History. Magnusson is the author of 20 popular works and well over 100 high-impact academic articles.


Lars Magnusson foto MIKAEL WALLERSTEDT_0_.jpg

Financial Crashes


Since the time of the birth of capitalism in Medieval Europe, financial bubbles and crashes has been all too well known. But why do they occur – and how?

From the bankruptcies of popes and kings, via the tulips of the Netherlands, the railways of America, and the matches of Kreuger, to Lehman Brothers – this books unfolds the intricate connections between local and global actors, heroes and villains, states and companies, short-term and long-term analysis that have fostered the dramatic fluctuations of the financial history. And if history can teach us anything, it is that the future seems darker than ever.

Not only a history of bubbles and crashes, professor Magnusson’s book also gives the reader a condensed history of the financial and economic world.

Lars Magnusson

Original title:
Finanskrascher - Från kapitalismens födelse till Lehman Brothers

March 2018


Original publisher:
Natur & Kultur

Reading material:
Swedish manuscript (final)
English synopsis

276 pages


"An ABC of Financial Crises /.../ Scary but useful economic education /…/ It's a frightening and fascinating book. Frightening because it shows us what most likely awaits us sooner or later. And it's with a terrified fascination that we read about a seemingly basic human inability to think rationally when the dream of wealth has been brought to life."

Borås Tidning

"Lars Magnusson, professor in economic history, is entertaining in his depiction of speculation hysteria and crashes up until Lehman Brothers in 2008. It is good popular history with several trips to the literary world."

Östra Småland