Irrational Man Irrational Man Irrational Man: A Study In Existential Philosophy is a 1958 book by the philosopher William Barrett, in which the author explains the philosophical background of existentialism and provides a discussion of several major existentialist thinkers, including Søren Kierkegaard, Friedrich Nietzsche, Martin Heidegger, and Jean-Paul Sartre. "Irrational Man" helped to introduce existentialism to the English-speaking world and has been identified as one of the most useful books that discuss the subject, but Barrett has also been criticized for endorsing irrationality and for giving a distorted and misleading account of Georg Wilhelm Friedrich Hegel. Barrett discusses existentialism and its background,
Irrational exuberance Irrational exuberance "Irrational exuberance" is a phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the dot-com bubble of the 1990s. The phrase was interpreted as a warning that the market might be overvalued. Greenspan's comment was made during a televised speech on December 5, 1996 (emphasis added in excerpt): The Tokyo market was open during the speech and immediately moved down sharply after this comment, closing off 3%. Markets around the world followed. The prescience of the short comment within a rather dry and complex speech would not