The Ascent of Money: A Financial History of the WorldPaperback
- Publisher: Penguin USA
- Format: Paperback | 448 pages
- Dimensions: 138mm x 220mm x 28mm | 440g
- Publication date: 27 October 2009
- Publication City/Country: New York, NY
- ISBN 10: 0143116177
- ISBN 13: 9780143116172
- Edition statement: Trade Paperback.
- Sales rank: 6,497
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.
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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."
aNaturally, 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,"a a"Wall St. Journal"