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the ascent of money goodreads

Recently I wrote a review of, This is a very informative, and convincing book, about the history, and the need for money. 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. The Mountain of Money Idealists beginning with Karl Marx have excoriated money and the “cash nexus” that they believe threatens human relationships. 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. People must again learn to work. Niall Ferguson is a senior fellow at the Hoover Institution at Stanford University, former Laurence A. Tisch Professor of History at Harvard University and current senior fellow at the Center for European Studies at Harvard University, a visiting professor at Tsinghua University, Beijing, and founder and managing director of advisory firm Greenmantle LLC. The ascent of money is described as an evolutionary process with development throughout history of new mediums of exchange. We may resent the plutocrats of Wall … Ferguson travels to post-Katrina New Orleans to ask why the free market can’t provide adequate protection against catastrophe. People must again learn to work, instead of living on public assistance". Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal: Call it what you like, it matters. The Ascent of Money Maintain economic security and relieve money issues with tips from the financially-savvy. Bread, cash, dosh, dough, loot, lucre, moolah, readies, the. In the four-hour version of THE ASCENT OF MONEY, historian and author Niall Ferguson seeks to explain the financial history of the world, exploring how our … But in The Ascent of Money, Niall Ferguson shows that finance is in fact the foundation of human progress. In the four-hour version of THE ASCENT OF MONEY, historian and author Niall Ferguson seeks to explain the financial history of the world, exploring how our complex system of global finance evolved over the centuries, how money has shaped the course of human affairs and how … The invention of credit and debit was one of the most important developments in human history. Life has a habit of proving me wrong. But this book is a thorough and comprehensive account of the various milestones that have taken place in the history of money. In the four-hour version of THE ASCENT OF MONEY, historian and author Niall Ferguson seeks to explain the financial history of the world, exploring how our complex system of global finance evolved over the centuries, how money has shaped the course of human affairs and how … The Ascent of Money reveals finance as the backbone of history, casting a new light on familiar events: the Renaissance enabled by Italian foreign exchange dealers, the French Revolution traced back to a stock market bubble, the 2008 crisis traced from America’s bankruptcy capital, Memphis, to China’s boomtown, Chongqing. But there is no doubt that the modern world as we know it would not exist without the lubricant and stimulant growth hormone money, for better or for worse. More. Also, the endnotes are what really put Ferguson in a class above the rest of the clutter in the 'NEW IN NONFICTION' shelves, because Ferguson really is a world class academic. Removing this book will also remove your associated ratings, reviews, and reading sessions. 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 is more than worth. This is a very informative, and convincing book, about the history, and the need for money. To generals, it’s the sinews of war. The footnotes reveal the real depth and breath of Ferguson's learning and research - everything from the Financial Times, personal correspondences, interviews from Democracy Now!, and every major current events book of the last generation, including the new George Soros book which I bought WITH this book - Let's get that straight: Ferguson had read and referenced a book which is so new it was on the same 'NEW IN NONFICTION' shelf near his. Maintain economic security and relieve money issues with tips from the financially-savvy. There's no ascendancy, because there is. Maintain economic security and relieve money issues with tips from the financially-savvy. In the four-hour version of THE ASCENT OF MONEY, historian and author Niall Ferguson seeks to explain the financial history of the world, exploring how our complex system of global finance evolved over the centuries, how money has shaped the course of human affairs and how … More More. For each of these various categories, Ferguson provides the historical background that led to their development as well as the benefits and problems that came along with each. 102,333 = 1.47 per cent.”, “man who had exchanged his $1,000 of savings for gold in 1970, while the gold window was still ajar, would have received just over 26.6 ounces of the precious metal. Right. 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. He does a terrible job of telling jokes, which comes across as a sort of nervous habit (mostly alliteration, puns, and pop-culture references), one that someone close to him should point out to him. News, author interviews, critics' picks and more. More More. The Ascent of Money by Niall Ferguson is the story of how money developed throughout history- and how the world was shaped and reshaped by the many financial innovations that accompanied our dependence on money. First. 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. 4.0 stars. . There's no ascendancy, because there is nothing for it to compete with, in the author's telling. Bill Gates, tech pioneer, co-founder of Microsoft, and co-chair of the Bill & Melinda Gates Foundation, is an avid reader who people follow... 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. Maintain economic security and relieve money issues with tips from the financially-savvy. After spending the early portion of the book on the history and development of currency. I am not, as it were, temperamentally against the idea, but I sure seem to read a lot of books by people who are, so I was curious to follow his arguments. Financial institutions are not evil, that's Niall Ferguson's main point. “If the financial system has a defect, it is that it reflects and magnifies what we human beings … ‘T he Ascent of Money’ is a scintillating journey tracking the evolution of money from the erstwhile Babylonian clay tablets to the exotic financial instruments of modern day. 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. What’s the difference between a stock and a bond? The author does a wonderful job of jumping across vast time periods to draw comparisons (showing how even if technology changes, human nature does not). The ascent of money is described as an evolutionary process with development throughout history of new mediums of exchange. Beginning with money lenders in ancient Mesopotamia (a beginning form of credit) the author shows us how the ascent of money has been essential to the ascent of mankind. For some, this is already a hard sell. The Drunkard's Walk How Randomness Rules Our Lives, Predictably Irrational The Hidden Forces That Shape Our Decisions, Freakonomics Rev Ed A Rogue Economist Explores the Hidden Side of Everything, The Shock Doctrine The Rise of Disaster Capitalism. The Ascent of Money In this six-part documentary respected author, journalist and lecturer Professor Niall Ferguson examines the dynamic role of money as he takes you on an epic tour of the financial world. For some, this is already a hard sell. Buyers would only be found at a price low enough to compensate them for the increased risk of a Japanese default or currency depreciation.”, “A typical contract in the archives of the merchant Francesco Datini (c. 1335-1410) stipulates that the insurers agree to assume the risks ‘of God, of the sea, of men of war, of fire, of jettison, of detainment by princes, by cities, or by any other person, of reprisals, of arrest, of whatever loss, peril, misfortune, impediment or sinister that might occur, with the exception of packing and customs’ until the insured goods are safely unloaded at their destination.13”, “Japan in the 1930s became a garrison state.43 But it was one which carried within it the promise of a ‘warfare-welfare state’, offered social security in return for military sacrifice.”, “banks have evolved since the days of the Medici precisely in order (as the 3rd Lord Rothschild succinctly put it), to ‘facilitate the movement of money from point A, where it is, to point B, where it is needed’.48 Credit and debt, in short, are among the essential building blocks of economic development, as vital to creating the wealth of nations as mining, manufacturing or mobile telephony.”, “only when savers can put their money in reliable banks that it can be channelled from the idle to the industrious.”, “bond markets have power because they’re the fundamental base for all markets.   The Foundations of Finance Here, Ferguson returns to telling about, well, not so much economics as the evolution of finance. However, the only societies that existed without money were singularly ill-equipped to survive. And that was only possible because the rise of banks was followed by the ascent of the second great pillar of the modern financial system: the bond market.”, “As the banks took over the securities, the ratios between their capital and their assets lurched down towards their regulatory minima. Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal: Call it what you like, it matters. 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. Share A richly original look at the origins of money and how it makes the world go ?round Niall 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. Maintain economic security and relieve money issues with tips from the financially-savvy. 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. In the four-hour version of THE ASCENT OF MONEY, historian and author Niall Ferguson seeks to explain the financial history of the world, exploring how our complex system of global finance evolved over the centuries, how money has shaped the course of human affairs and how … The Ascent of Money: A Financial History of the World is a 2008 book by then-Harvard professor Niall Ferguson, and an adapted television documentary for Channel 4 (UK) and PBS (US), which in 2009 won an International Emmy Award. ― Niall Ferguson, The Ascent of Money: A Financial History of the World. To see what your friends thought of this book, From Shylock's pound of flesh to the loan sharks of Glasgow, from the "promises to pay" on Babylonian clay tablets to the Medici banking system. 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 derivatives). Watch the PBS program based on The Ascent of Money. The Ascent of Money book. More More. 0 likes. "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. , dough, loot, lucre, moolah, readies, the of. 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