The Ascent of Money: A Financial History of the World
  • The Ascent of Money: A Financial History of the World
  • The Ascent of Money: A Financial History of the World

The Ascent of Money: A Financial History of the World

3.7 97
by Niall Ferguson
     
 

"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… See more details below

Overview

"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?

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Product Details

ISBN-13:
9781594201929
Publisher:
Penguin Publishing Group
Publication date:
11/13/2008
Pages:
448
Sales rank:
302,295
Product dimensions:
6.30(w) x 9.10(h) x 1.50(d)
Age Range:
18 Years

Table of Contents

Introduction 1

1 Dreams of Avarice 17

2 Of Human Bondage 65

3 Blowing Bubbles 119

4 The Return of Risk 176

5 Safe as Houses 230

6 From Empire to Chimerica 283

Afterword: The Descent of Money 341

Notes 363

List of Illustrations 399

Index 403

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