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Bubbles and Crashes: The Boom and Bust of Technological Innovation Felder T Dorn they find a far fromFinancial market bubbles are recurring, often painful, reminders of the costs and benefits of capitalism. While many books have studied financial manias and crises, most fail to compare times of turmoil with times of stability. In Bubbles and Crashes , Brent Goldfarb and David A. Kirsch give us new insights into the causes of speculative booms and busts. They identify a class of assetsmajor technological innovationsthat can, but does not necessarily,