|
Flowery
Dreams
Like all boom and bust stories, not everyone lives
happily ever after in Tulip Fever
by
Doug French
by Doug French
DIGG THIS
"The
boom produces impoverishment," wrote Ludwig von Mises in Human
Action. "But still more disastrous are its moral ravages.
It makes people despondent and dispirited. The more optimistic they
were under the illusory prosperity of the boom, the greater is their
despair and their feeling of frustration."
As the world-wide
boom has turned into a world-wide crash, it’s not just financial
dreams that have been dashed. Families have been torn apart, relationships
busted and some men learning that their boom-time marriages were
contingent on "for better" lasting forever, and their
now ex-wives aren’t waiting for Hank Paulson or Ben Bernanke’s stabilization
schemes to work.
Not only are
economic signals distorted by boom times, but all human action can
be warped. Morals and good sense are cast aside. The good times
will never end; caution and prudence are no longer required, hubris
runs wild. As Paul Cantor describes Thomas Mann’s short story "Disorder
and Early Sorrow" set in hyper-inflationary Weimar Germany:
"The story charts the dissolution of authority, as we watch
a social order breaking down and see the confusions that result."
As rare as
Thomas Mann’s short story, are historical novels using financial
manias as a backdrop. But it wasn’t the frantic trading of tulip
bulbs that inspired author Deborah Moggach to write Tulip
Fever. It was a 1660 painting by a minor Dutch artist that
she bought at auction. In her research she quickly discovered tulipmania
and "thought this a wonderful symbol of human greed and passion,"
she writes on her website.
In very fast
moving fashion, Moggach tells a tale of passion and deception. Set
in 1630s Amsterdam, the author captures that city’s frenzy of commerce.
All strata of society were living it up. The very wealthy merchant
Cornelis Sandvoort has a fine home, servant, pretty young wife,
but no heirs. He like many of Amsterdam’s high society seeks immortality
with a portrait painted by one of the many busy local artists.
But his dear
Sophia has lost her passion for him, and falls for the advances
of the young artist her husband commissions to paint their portrait.
As the portrait progresses, so does the forbidden love affair, with
the lies multiplying like the price of Witte Croonen bulbs.
As they become
more and more brazen with their affair, Sophia’s and her paramour
painter’s lives become entangled with those of Cornerlis’s servant
girl Maria and Maria’s dockworker lover Willem. In Jan van Loos,
Sophia’s lover, Moggach effectively portrays a man caught up in
a mania. He begins to neglect his work, be negligent in his grooming,
and be totally obsessed with trading tulip bulbs. He leaves his
painting entirely to his apprentice. He has great success trading
and then hatches a plan to mortgage everything to raise the money
needed for Sophia and him to run away together. In Sophia’s voice,
"I meet Jan in our trysting place beside the water fountain.
He has lost weight, his cheeks are sunken. His hair, so shiny and
curly when he first came to my house, is matted. He doesn’t greet
me; eyes glittering, he grabs my wrist."
Jan to Sophia
"Luck’s been on our side, all these weeks. Tell me we should
put all our eggs into one basket!"
"He
means, of course, the risk beyond all risks: the most dangerous
risk of all. The king of kings, the Semper Augustus. Claes van Hooghelande
has one bulb left."
Moggach brings
tulipmania to life and continually surprises the reader with an
imaginative plot. Imaginative enough that Steve Spielberg called
the author before the book was even published in 1999 and said he
wanted to film it.
There is plenty
on the internet about the cast: Jude Law is to play Jan van Loos
and Keira Knightley will be Sophia. Unfortunately, Spielberg hasn’t
gotten around to making Tulip Fever into a movie.
Like all boom
and bust stories, not everyone lives happily ever after in Moggach’s
tulip tale, but it is anything but predictable and a very fun and
instructive read.
December
16, 2008
Doug
French [send him mail]
is executive vice president of the Ludwig
von Mises Institute and associate editor for Liberty
Watch Magazine.
He received the Murray N. Rothbard Award from the Center for Libertarian
Studies. See his tribute to
Murray Rothbard.
Copyright
© 2008 LewRockwell.com
Doug
French Archives
|