ABSTRACT
The speculative phenomenon of Tulipomania, which occurred in the early seventeenth century, fits into the annals of classic political economy. The Tulipomania episode was used by the author Alexander Dumas in the search for the Black Tulip, a dramatic piece that captures the fever surrounding the covetousness of rare flowers. The search continued enthusiastically for the unique flamed flowers commending high prices. The Tulip Bubble continues to attract keen interest. Deborah Moggach's book Tulip Fever and its potential transfer to film by Steven Spielberg illustrates its interest to modern story tellers. The temptation to overstate the direct correlation between the collapse of Tulip Bubbles and the end of the Dutch golden age should be resisted. The earlier Tulip Bubble did create difficulties for investors, but its implosion did not directly damage the wider economy. The market peaked in February 1637, with no new investors willing to push up the prices in the auctions.
