Boom: Bubbles and the End of Stagnation
Categories: Business & Money, Science & Math
Boom: Bubbles and the End of Stagnation (2024) by Byrne Hobart and Tobias Huber argues that financial and technological bubbles can drive real progress. The authors contrast the rapid invention of the decades before the 1970s with the slower growth that followed. Through case studies from the Manhattan Project and the Apollo program to fracking and Bitcoin, they show how small groups with a shared vision, ample funding and loose accountability made breakthroughs, and argue for taking bigger collective risks.