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The 10th anniversary edition, with new chapters on the crash, Chimerica, and cryptocurrency
“[An] excellent, just in time guide to the history of finance and financial crisis.” —The Washington Post
“Fascinating.” —Fareed Zakaria, Newsweek
In this updated edition, Niall Ferguson brings his classic financial history of the world up to the present day, tackling the populist backlash that followed the 2008 crisis, the descent of “Chimerica” into a trade war, and the advent of cryptocurrencies, such as Bitcoin, with his signature clarity and expert lens.
The Ascent of Money reveals finance as the backbone of history, casting a new light on familiar events: the Renaissance enabled by Italian foreign exchange dealers, the French Revolution traced back to a stock market bubble, the 2008 crisis traced from America’s bankruptcy capital, Memphis, to China’s boomtown, Chongqing. We may resent the plutocrats of Wall Street but, as Ferguson argues, the evolution of finance has rivaled the importance of any technological innovation in the rise of civilization. Indeed, to study the ascent and descent of money is to study the rise and fall of Western power itself.
Publisher : Penguin Books
Publication date : October 27, 2009
Language : English
Print length : 496 pages
ISBN-10 : 0143116177
ISBN-13 : 978-0143116172
Item Weight : 13.6 ounces
Dimensions : 5.37 x 1.04 x 8.46 inches
Customers say
Customers find the book readable and engaging, presenting complex financial concepts in plain language. Moreover, they appreciate its informative content, with one customer noting it’s particularly good for historical descriptions, while another highlights its detailed exploration of monetary and financial systems throughout history. Additionally, the narrative is rich in anecdotes, and customers find it thoroughly interesting. However, the pacing receives mixed reviews, with some finding it superficial.
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