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Is There a Tulip in Your Future?: Ruminations on Tulip Mania

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  • Day Christian C.

    (Syracuse University)

Abstract

This essay emphasizes and explicates factors and forces that led to the creation of the Tulip futures market (increased globalization, a rising prosperity of middle class, etc.). It considers whether critics of that market were correct about Tulip Mania. The introductory section describes briefly the Dutch economy and states the thesis that the Dutch developed an innovative futures market. The principal section describes the forces and factors at work in the Tulip futures market. The concluding normative section assesses the bases for criticism and approves of the workings of the market.Cet article met en avant et explique les facteurs et les forces qui ont conduit à la création d'un marché de futures de la Tulipe (globalisation amplifiée, augmentation du niveau de vie des classes moyennes; etc.). Il examine si les analyses de ce marché étaient correctes concernant la Tulipe Mania. La section introductive décrit brièvement l'économie hollandaise et explique que les Hollandais ont développé un marché de futures innovant. La section principale décrit les forces et les facteurs qui opèrent sur le marché financier des Tulipes. La section normative de conclusion évalue les fondements des critiques et défend le fonctionnement du marché.

Suggested Citation

  • Day Christian C., 2004. "Is There a Tulip in Your Future?: Ruminations on Tulip Mania," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 14(2), pages 1-22, December.
    • Handle: RePEc:bpj:jeehcn:v:14:y:2004:i:2:n:9
    DOI: 10.2202/1145-6396.1131
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    References listed on IDEAS

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    Cited by:

    1. Udo Milkau, 2017. "Risk Culture during the Last 2000 Years—From an Aleatory Society to the Illusion of Risk Control," IJFS, MDPI, vol. 5(4), pages 1-20, December.

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