The Cash Nexus: Money and Power in the Modern World, 1700-2000

Front Cover
Basic Books, 2001 - History - 552 pages
11 Reviews
Does money make the world go round, as Cabaret's Master of Ceremonies sang to us? In The Cash Nexus, acclaimed historian Niall Ferguson offers a radical and surprising answer-No.Conventional wisdom has long claimed that economic change is the prime mover of political change, whether in the age of industry or the Internet. In our own time Paul Kennedy has claimed that economics provided the key to international power, while Francis Fukuyama and others have argued that capitalism doomed socialism and ensured the victory of democracy. Small wonder politicians are obsessed with the economy: the Clinton campaign motto-"It's the economy stupid" -sums up a central tenet of modern life.But is it the economy? Ferguson thinks it is high time we re-examined the link-the "nexus," to use Thomas Carlyle's term-between economics and politics, in the aftermath not only of the failure of socialism but also of the apparent triumph of American-style capitalism. His central argument is that the conflicting impulses of sex, violence, and power are together more powerful than money. In particular, political events and institutions have often dominated economic development. A bold synthesis of political history and modern economic theory, Cash Nexus will transform the landscape of modern history and draw challenging and unsettling conclusions about the prospects of both capitalism and democracy.

From inside the book

What people are saying - Write a review

User ratings

5 stars
3
4 stars
2
3 stars
4
2 stars
1
1 star
1

Review: The Cash Nexus: Money and Power in the Modern World, 1700-2000

User Review  - Will - Goodreads

What you get: *Elementary insights into how depth and breadth of capital markets can effect(substantially influence)geopolitical outcomes (victory vs. defeat). *An examination of who pays for what(and ... Read full review

Review: The Cash Nexus: Money and Power in the Modern World, 1700-2000

User Review  - Erez Davidi - Goodreads

Does money make the world go `round ? In The Cash Nexus, Niall Ferguson analyzes the relationship between money and power in the modern world. In the first part of the book, Ferguson starts by ... Read full review

Contents

The Rise and Fall of the Warfare State
23
Hateful Taxes
51
Public Debts
105
Copyright

13 other sections not shown

Common terms and phrases

References to this book

All Book Search results »

About the author (2001)

Niall Ferguson was born April 18, 1964, in Glasgow. He is a Scottish historian. He specializes in financial and economic history as well as the history of empire. He is the Laurence A. Tisch Professor of History at Harvard University and the William Ziegler Professor of Business Administration at Harvard Business School. His books include Paper and Iron: Hamburg Business and German Politics in the Era of Inflation 1897-1927 (1993), Virtual History: Alternatives and Counterfactuals (1997), The Pity of War: Explaining World War One (1998), The World's Banker: The History of the House of Rothschild (1998), The Cash Nexus: Money and Power in the Modern World, 1700-2000 (2001), Empire: The Rise and Demise of the British World Order and the Lessons for Global Power (2003), Colossus: The Rise and Fall of the American Empire (2004), The War of the World: Twentieth-Century Conflict and the Descent of the West (2006) and The Ascent of Money: A Financial History of the World (2008) and Civilization: The West and the Rest (2011).

Bibliographic information