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

Journal des Economistes Et des Etudes Humaines 14 (2) (2004)
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Abstract

This essay emphasizes and explicates factors and forces that led to the creation of the Tulip futures market. 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. 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.

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