The Ascent of Money: A Financial History of the World

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Penguin, Nov 13, 2008 - History - 448 pages
34 Reviews
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. What's more, 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.

Niall Ferguson's new book The Square and the Tower: Networks and Power, from the Freemasons to Facebook will be published in January 2018.

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User Review  - deldevries - LibraryThing

Are you tired of financial news? The past years have provided a continuing stream of financial problems from the United States and around the world. It might be time to update your news perspective by ... Read full review

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User Review  - justindtapp - LibraryThing

I'm recommending we require all Eco/Fin majors by this and that we use chapters of it for all the appropriate classes. PBS has also made a documentary of it, so it'd be like using Commanding Heights ... Read full review


Title Page
Of Human Bondage
Blowing Bubbles
The Return of Risk
Safe as Houses
From Empire to Chimerica
The Descent of Money
List of Illustrations

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About the author (2008)

Niall Ferguson is one of the world's most renowned historians. He is the author of Paper and Iron, The House of Rothschild, The Pity of War, The Cash Nexus, Empire, Colossus, The War of the World, The Ascent of Money, High Financier, Civilization, The Great Degeneration, Kissinger, 1923-1968: The Idealist, and The Square and the Tower. He is Senior Fellow at the Hoover Institution, Stanford University, and a Visiting Professor at Tsinghua University, Beijing. His many awards include the Benjamin Franklin Prize for Public Service (2010), the Hayek Prize for Lifetime Achievement (2012) and the Ludwig Erhard Prize for Economic Journalism (2013).

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