The Ascent of Money – Financial History of the World
A richly original look at the origins of money and how it makes the world go ’roundnNiall Ferguson follows the …
A richly original look at the origins of money and how it makes the world go 'roundnNiall 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.
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In his latest book The ascent of money: a financial history of the world he boldly argues that fi- nance is behind every major event in history. But if financial history is one of the key ele- ments in interpreting history, then surely it deserves more attention than 350 pages.
It's hard not to imagine, however improbable it may be, that Ferguson timed the release of his book to coincide with the global financial crisis, thus guaranteeing...