
The Ascent of Money: A Financial History of the World book by Niall Ferguson
By Niall FergusonThe Ascent of Money: A Financial History of the World book by Niall Ferguson
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. 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.
Book details
- Paperback
- 452 pages
- English
- 1594201927
- 9781594201929
About Niall Ferguson
niall ferguson is one of the world's most renowned historians and author of numerous books, including the square and the tower, the ascent of money, and ci Read More about Niall Ferguson
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