Memoirs of Extraordinary Popular Delusions and the Madness of Crowds is written by Charles Mackay, a Scottish poet and journalist, whose literary works other than this magnum opus are Songs and Poems, a History of London, Longbeard, Gaelic Etymology Of The Languages Of Western Europe and Dictionary of Lowland Scotch. 

This book is divided into three parts of National Delusions, Peculiar Follies, and Philosophical Delusions. It explores the social psychology and psychopathology of crowds which are susceptible to fortune-telling, prophecies, iration of great thieves, magnetizers, shape of hair and beard, popular follies of great cities and economic bubbles.

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