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.
Even in our darkest hour, Eisenstein sees the possibility of a more beautiful world—not through the extension of millennia-old methods of management and control but by fundamentally reimagining ourselves and our systems.
Boldly argued and teeming with memorable characters, this is Ferguson at his very best.
The Philosophy of Money, translated by Tom Bottomore and David Frisby, London: Routledge and Kegan Paul, 1978. Smith, Adam. An Inquiry into the Nature and Causes of the Wealth of Nations. 1776. Reprint, Oxford: Oxford University Press, ...
James K. Kindahl, “Economic Factors in Specie Resumption, The United States, 1865–79,” The Journal of Political Economy, Vol. LXIX, No. 1 (February 1961), p. 30 et seq. 23 Unger, pp. 339–340. 24 A. Barton Hepburn, A History The Great ...
Displaying the originality and rigor that have made Niall Ferguson one of the world's foremost historians, Empire is a dazzling tour de force -- a remarkable reappraisal of the prizes and pitfalls of global empire.
From the cults of ancient Rome to the dynasties of the Renaissance, from the founding fathers to Facebook, The Square and the Tower tells the story of the rise, fall and rise of networks, and shows how network theory--concepts such as ...
27, 2013, complaint filed in United States v. Ross William Ulbricht, aka Dread Pirate Roberts. The quote from Ulbricht's sentencing is from the Wired story “Silk Road Creator Ross Ulbricht Sentenced to Life ...
This study presents a challenge to the prevailing view that there was no alternative to the inflationary economic policies of Weimar Germany.
Literature Review from the year 2010 in the subject Economics - Monetary theory and policy, grade: 1,0, The University of Texas at El Paso, course: Busine, language: English, abstract: The program “Ascent of Money” describes the ...
But what exactly has gone wrong? The answer, Niall Ferguson argues in The Great Degeneration, is that our institutions—the intricate frameworks within which a society can flourish or fail—are degenerating.