The Ascent of Money by Niall Ferguson

The Ascent of Money by Niall Ferguson

Ferguson's argument is that finance is not a parasite on the real economy but the thing that made most of history possible, and that every innovation in it — credit, bonds, shares, insurance, property, derivatives — arrived attached to a disaster.

The chapters follow that sequence: Mesopotamian clay tablets and the invention of debt, the Medici, the Dutch East India Company and the first stock bubble, Rothschild bond finance and Waterloo, the invention of insurance, the American housing state, and the subprime crisis he was writing through.

An international bestseller and television series, and the most readable history of money there is.

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✅ Matt cover (Paperback)