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The Ascent of Money: A Financial History of the World - Niall Ferguson
The Ascent of Money: A Financial History of the World
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3.25 70
Watch the PBS program based on The Ascent of Money. Niall Ferguson follows the money to tell the human story behind the evolution of finance, from its origins in ancient Mesopotamia to the latest upheavals on what he calls Planet Finance. Bread, cash, dosh, dough, loot, lucre, moolah,... show more
Watch the PBS program based on The Ascent of Money. Niall Ferguson follows the money to tell the human story behind the evolution of finance, from its origins in ancient Mesopotamia to the latest upheavals on what he calls Planet Finance. Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it’s the sinews of war. To revolutionaries, it’s the chains of labor. But in The Ascent of Money, Niall Ferguson shows that finance is in fact the foundation of human progress. What’s more, he reveals financial history as the essential backstory behind all history. Through Ferguson’s expert lens familiar historical landmarks appear in a new and sharper financial focus. Suddenly, the civilization of the Renaissance looks very different: a boom in the market for art and architecture made possible when Italian bankers adopted Arabic mathematics. The rise of the Dutch republic is reinterpreted as the triumph of the world’s first modern bond market over insolvent Habsburg absolutism. And the origins of the French Revolution are traced back to a stock market bubble caused by a convicted Scot murderer. With the clarity and verve for which he is known, Ferguson elucidates key financial institutions and concepts by showing where they came from. What is money? What do banks do? What’s the difference between a stock and a bond? Why buy insurance or real estate? And what exactly does a hedge fund do? This is history for the present. Ferguson travels to post-Katrina New Orleans to ask why the free market can’t provide adequate protection against catastrophe. He delves into the origins of the subprime mortgage crisis. Perhaps most important, The Ascent of Money documents how a new financial revolution is propelling the world’s biggest countries, India and China, from poverty to wealth in the space of a single generation—an economic transformation unprecedented in human history. Yet the central lesson of the financial history is that sooner or later every bubble bursts—sooner or later the bearish sellers outnumber the bullish buyers, sooner or later greed flips into fear. And that’s why, whether you’re scraping by or rolling in it, there’s never been a better time to understand the ascent of money.
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Format: hardcover
ISBN: 9781594201929 (1594201927)
ASIN: 1594201927
Publisher: Penguin
Pages no: 442
Edition language: English
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Community Reviews
LizMc2Reads
LizMc2Reads rated it
4.0 The Ascent of Money
Read by Simon Prebble (less over-emotive than when he narrates historical romance). I listened to this in a break from the audiobook of Thomas Piketty's much more dense and demanding Captital in the 21st Century. I don't know why I'm on an money kick right now. I seem to recall there's some reason...
Titus Bluth's Blatherings
Titus Bluth's Blatherings rated it
2.0 The Ascent of Money: A Financial History of the World
I was hoping for an overview of the development of the concept of money itself. Instead, I got a handful of (not necessarily accurate) anecdotes about markets. On the plus side, the book is an easy read and fairly entertaining.
Kyahgirl
Kyahgirl rated it
just started listening to it. The tone is highbrow and off-putting but the content is good so far****Ok, so I got the book out of the library because the audio book was too detailed. That is one problem with audiobooks, you can't skim easily. Anyway, I have struggled to finish this book and eventual...
davdittrich read
davdittrich read rated it
3.0 Ascent of Money A Financial History of the World (Paperback, 2009)
http://pro-libertate.net/20100617/127-read-ascent-money
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