Watch the PBS program based on The Ascent of Money.
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.
"synopsis" may belong to another edition of this title.
Niall Ferguson is Laurence A. Tisch Professor of History at Harvard University, a Senior Research Fellow of Jesus College, Oxford University, and a Senior Fellow of the Hoover Institution, Stanford University. The bestselling author of Paper and Iron, The House of Rothschild, The Pity of War, The Cash Nexus, Empire, and Colossus, he also writes regularly for newspapers and magazines all over the world. Since 2003 he has written and presented three highly successful television documentary series for British television: Empire, American Colossus, and, most recently, The War of the World.From AudioFile:
Who knew there was a financial subtext to MARY POPPINS? Niall Ferguson--apparently--who explains that the children's classic makes the important point about banking that a bank's success is based on a fragile faith. And it's that same faith--in coins, in paper, and now in virtual banking--that lets us believe that money exists even though we don't much see it anymore. Written before the current downturn, yet seeming to predict it, the book explains that the popping sound you hear is when the "belief bubble" bursts (and Ferguson profiles some massive bubble makers). Narrator Simon Prebble moves along this metaphysical history of dinero with command, authority, and a BBC accent. His tone and timing add an element of class to the project. It's sort of like sitting in on a really fab Oxford lecture. R.W.S. Winner of AudioFile Earphones Award © AudioFile 2009, Portland, Maine
"About this title" may belong to another edition of this title.
Book Description Penguin Press, 2008. Book Condition: New. Brand New, Unread Copy in Perfect Condition. A+ Customer Service! Summary: Naturally, financial regulators are eager to pounce, but there is a possibility that they will misdiagnose what went wrong and impose measures that create as many problems as they solve. Before regulators throw block trades, bond swaps, bridge financing, butterfly spreads and Black-Scholes out with the bathwater, they should find time to read Niall Ferguson's The Ascent of Money . Wall St. Journal. Bookseller Inventory # ABE_book_new_1594201927
Book Description Penguin Press, 2008. Hardcover. Book Condition: New. 1. Bookseller Inventory # DADAX1594201927
Book Description Hardcover. Book Condition: BRAND NEW. BRAND NEW. Fast Shipping. Prompt Customer Service. Satisfaction guaranteed. Bookseller Inventory # 1594201927BNA
Book Description Penguin Press. Hardcover. Book Condition: New. 1594201927 We guarantee all of our items - customer service and satisfaction are our top priorities. Please allow 4 - 14 business days for Standard shipping, within the US. Bookseller Inventory # TM-1594201927
Book Description Penguin Press, 2008. Hardcover, illus. Book Condition: New. Dust Jacket Condition: New. First Edition; First Printing. Book and DJ New. NO notes, names, or ANY markings. DJ not price clipped ($29.95) ; Yes, Mint 1st printing. ; Ilustrations; 442 pages. Bookseller Inventory # 47147
Book Description Book Condition: Brand New. Book Condition: Brand New. Bookseller Inventory # 97815942019291.0
Book Description Penguin Press, 2008. Hardcover. Book Condition: New. book. Bookseller Inventory # 1594201927
Book Description Penguin Press, 2008. Hardcover. Book Condition: New. Bookseller Inventory # P111594201927