The Ascent of Money: A Financial History of the World

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

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.

Title:The Ascent of Money: A Financial History of the World
Edition Language:English

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    Some Testimonial About This Book:

  • Riku Sayuj

    Imperialism: The Darwinian Justification Ferguson contends that today’s financial world is the result of four millennia of economic evolution. It is very important to the aims of this book that thi...

  • Michael

    Yay for empire! Another book from the vaguely centrist right, you know them, those economists and Greek translators and philosophers from the University of Chicago who assisted Pinochet in his fascist...

  • Marc Weidenbaum

    The book is titled The Ascent of Money, but it's not about the ascent of money. It's about the path of money, with the assumption that from the origin of the book's historical perspective, money has b...

  • John Farebrother

    This is a very informative, and convincing book, about the history, and the need for money. I say that despite the fact that I disagree with the author's conviction that capitalism is one of humanity'...

  • Chris

    Ferguson is known as an economic historian yet his last few books were almost purely historical, with only brief passages on the economic aspects of historical events. Here, Ferguson returns to tellin...

  • Trevor

    Life has a habit of proving me wrong. Recently I wrote a review of The Drunkard's Walk How Randomness Rules Our Lives and said something like you generally get a better understanding of a subject if y...

  • Jan Rice

    Contemplating the title of this book, my first thought was that it was by a person of the political left, maybe not the Pope, but an anti-capitalist and moralizer on the all-around evil of the financi...

  • Ci

    "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands shou...

  • Stephen

    4.0 stars. I am a big fan of Niall Ferguson and this book certainly added to my appreciation for both his skill as a writer and his knowledge of history, especially financial history. After spending t...

  • George

    "The Ascent of Money" by Niall Ferguson explores the development of financial systems - primarily European systems from about the year 1400 onward and the United States system since the Civil War. The...