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The Ascent of Money

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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.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 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, sooner or later greed flips into fear. And that's why, whether you're scraping by or rolling in it, there's never been a better time to understand the ascent of money.

The Ascent of Money is a translation of this work.

Rahan nousu is a translation of this work.

ASCENSAO DO DINHEIRO, A - A HISTORIA FINANCEIRA DO is a translation of this work.

Het Succes van geld is a translation of this work.

L'irrésistible ascension de l'argent is a translation of this work.

El triunfo del dinero is a translation of this work.

Der Aufstieg des Geldes is a translation of this work.

Paranin Yükselisi is a translation of this work.

El triunfo del dinero is a translation of this work.

Hē exelixē tou chrēmatos is a translation of this work.

Potęga pieniądza is a translation of this work.

Ascesa e declino del denaro. Una storia finanziaria del mondo is a translation of this work.

Finansplaneten is a translation of this work.

A pénz felemelkedése is a translation of this work.

Восхождение денег is a translation of this work.

Đồng tiền lên ngôi is a translation of this work.

A ascensão do dinheiro is a translation of this work.

עלייתו של הכסף is a translation of this work.

Vzestup peněz is a translation of this work.

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Keywords

  • Economic history
  • Economics
  • Finance
  • History
  • International finance
  • Money
  • Nonfiction
  • OverDrive

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