Ascent of Money
A Financial History of the World Library ed [CD-Audio/MP3 Edition]
Ascent of Money by Niall Ferguson
Book DescriptionBread, cash, dough, loot, 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 back story 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 also 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; and sooner or later greed flips into fear. And that is 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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Book DetailsISBN: 9781400140336
(165mm x 172mm x 24mm)
Imprint: Tantor Media, Inc
Publisher: Tantor Media, Inc
Publish Date: 8-Dec-2008
Country of Publication: United States
Books By Author Niall Ferguson
Middle Parts of Fortune, Paperback (April 2014)
Bourne is a private fighting on the front. He is under pressure to accept a commission and become an officer, but he prefers to be among the ranks, drawn into the universal struggle for survival in a world gone mad.
Inside the House of Money, Paperback (March 2014)» View all books by Niall Ferguson
New commentary and updates to enlightening interviews with today's top global macro hedge fund managers This updated paperback edition of Inside the House of Money lifts the veil on the typically opaque world of hedge funds offering a rare glimpse at how today's highest paid money managers approach their craft.
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Author Biography - Niall Ferguson
Niall Ferguson is the Laurence A. Tisch Professor of History at Harvard University and the bestselling author of "Paper and Iron" and "The House of Rothschild." One of "AudioFile" magazine's Golden Voices, Simon Prebble has received over twenty Earphones Awards and five Listen-Up Awards, and he has been a finalist fourteen times for an Audie Award. In 2006, "Publishers Weekly" named him Narrator of the Year, and he was named "Booklist"'s 2010 Voice of Choice.
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