The Ascent of Money

The Ascent of Money A Richly Original Look At The Origins Of Money And How It Makes The World Go RoundNiall Ferguson Follows The Money To Tell The Human Story Behind The Evolution Of Our Financial System, From Its Genesis In Ancient Mesopotamia To The Latest Upheavals On What He Calls Planet Finance What S , Ferguson Reveals Financial History As The Essential Backstory Behind All History, Arguing That The Evolution Of Credit And Debt Was As Important As Any Technological Innovation In The Rise Of Civilization As Ferguson Traces The Crisis From Ancient Egypt S Memphis To Today S Chongqing, He Offers Bold And Compelling New Insights Into The Rise And Fall Of Not Just Money But Western Power As Well. 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 this metaphor is accepted Ferguson looks at this evolution of money into the complicated financial ecosystem of today He
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 coup, won Nobel Prizes, misconstrued Plato to fit their world view I m looking at you, Leo Strauss , and finally, today, when they are primarily involved in teaching a new generation to do the same things.Well, Ferguson perhaps isn t so vehemently rabid about his political beliefs, and he doesn t 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 coup, won Nobel Prizes, misconstrued Plato to fit their world view I m looking at you, Leo Strauss , and finally, today, when they are primarily involved in teaching a new generation to do the same things.Well, Ferguson perhaps isn t so vehemently rabid about his political beliefs, and he doesn t teach in Chicago But he is their counterpart the British free trader Only he has something the Chicago boys don t that very old and very British urge to colonize those who have defaulted on their debts We who are not so verse in financial lingo tend to call this imperialism, a mucheffective imperialism b
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 been the bedrock of civilization There s no ascendancy, because there is nothing for it to compete with, in the author s telling What the book really is is a straight history of the above board financial markets, and to that extent it s a useful and largely enjoyable read, covering the move from ba The book i
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 s greatest achievements, and that the price of progress isthan worth it, no matter who loses out Also despite the fact that I have heard that the author is quite an arrogant individual But this book is a thorough and comprehensive account of the various milestones that have taken place in th 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 s greatest achievements, and that the price of progress isthan worth it, no matter who loses out Also despite the fact that I have heard that the author is quite an arrogant individual But
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 telling about, well, not so much economics as the evolution of finance First money, then banks, then bonds, then equities, derivatives, insurance, and finally the causes of the recent credit crunch are explained and developed in simple and clear prose Unlike War of the World a mammoth retelling of t 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 telling about, well, not so much economics as the evolution of finance First money, then banks, then bonds, then equities, derivatives, insurance, and finally the causes of the recent credit crunch are explained and developed in simple and clear prose Unlike War of the World a mammoth retelling of the horror of the 20th century which I felt had an impersonal and rushed air, as though Ferguson had relied too heavily on his massive, globe spanning team of researches from a host of universities , Ascent of Money is Ferguson really dealing with what comes naturally to him, as an expert in both the early modern bond markets, quantitative finance, the inner workings of the House of Roths
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 you can see the historical path that has been followed in building the subject in the first place This book is all historical path, but it has left me without a clearer understanding of what I had hoped to learn from it.And this is a pity, as there are many things about money I would like a deeper u 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 you can see the historical path that has been followed in building the subject in the first place This book is all historical path, but it has left me without a clearer understanding of what I had hoped to learn from it.And this is a pity, as there are many things about money I would like a deeper understanding of These are things that people ALWAYS take for granted in writing these sorts of books and they are also things that I have NEVER understood Exactly the same thing happens with astronomy A lot of the universe seems to be made up of matter that has formed essentially into planes our solar system is a good case in point with all of the planets going around the sun i
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 financial system No, said the person who recommended it to me He s center right So, then I saw the title as deriving from the bad boy mentality of the author, thumbing his nose at such views The author has his own intended reference to The Ascent of Man, a TV series by Jacob Bronowski that impacted 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 financial system No, sai
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 should be curtailed lest Rome become bankrupt People must again learn to work, instead of living on public assistance.Cicero 55 BCSo what have we learned in 2 Millennia Evidently nothing Ferguson argued that financial markets are like the mirror of mankind, revealing the works of how we function in 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 should be curtailed lest Rome become bankrupt People must
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 the early portion of the book on the history and development of currency, this book becomes a brief look at the origins and development of the major financial institutions banks, commodity exchanges, hedge funds, insurance companies and categories of assets bonds, stocks, real property, options an 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 the early portion of the book on the history and development of currency, this book becomes a brief look at the origins and development of the major financial institutions banks, commodity exchanges, hedge funds, insurance companies and categories of assets bonds, stocks, real property, options and
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 There is major focus on the US economy in the late 20th and early 21st Centuries This book is just OK not bad but not that good either Rating 3 out of 5 stars Notes Audiobook Narrated by Simon Prebble Length 11 hours and 27 minutes Unabridged Audiobook Release Date 2008 12 12 Publisher Tanto 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 There is major focus on the US economy in the late 20th and early 21st Centuries This book is just OK not bad bu

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  • Paperback
  • 448 pages
  • The Ascent of Money
  • Niall Ferguson
  • English
  • 05 January 2017
  • 0143116177