The Ascent of Money: A Financial History of the World
By Niall Ferguson
Category
EconomicsRecommended by
"The Ascent of Money" by Niall Ferguson is a captivating exploration of the history and role of money in shaping our modern society. In this illuminating work, Ferguson takes readers on a fascinating journey through time, uncovering the origins of money and its influence on civilizations throughout the ages.
Divided into six compelling chapters, Ferguson delves into various aspects of the financial world, starting with the rise of banking and early forms of credit in ancient Mesopotamia, moving through the emergence of stock markets in Renaissance Italy, and culminating in the development of complex financial instruments in today's globalized economy.
Drawing on a wide range of vivid examples, Ferguson demonstrates how financial innovations, such as the creation of bonds and the formation of central banks, have played a critical role in shaping national economies and the world at large. He sheds light on the key players who have shaped financial systems, from legendary financiers like Giovanni di Bicci de' Medici to visionary entrepreneurs like John Pierpont Morgan.
However, Ferguson also cautions against the dangers inherent in unchecked financial power. He examines the historic market crashes and economic crises that have plagued societies, uncovering the recurring patterns of speculative bubbles, economic inequality, and financial crashes throughout history.
"The Ascent of Money" provides a thought-provoking analysis of not only the mechanics of money but also its profound impact on politics, wars, and social structures. Ferguson's insightful narrative leads readers to reconsider their understanding of wealth, power, and the interplay between economics and society.
In this meticulously researched and thoughtfully written book, Niall Ferguson presents a comprehensive overview of the history of finance, offering readers a richer understanding of the forces that have shaped our financial world.
Divided into six compelling chapters, Ferguson delves into various aspects of the financial world, starting with the rise of banking and early forms of credit in ancient Mesopotamia, moving through the emergence of stock markets in Renaissance Italy, and culminating in the development of complex financial instruments in today's globalized economy.
Drawing on a wide range of vivid examples, Ferguson demonstrates how financial innovations, such as the creation of bonds and the formation of central banks, have played a critical role in shaping national economies and the world at large. He sheds light on the key players who have shaped financial systems, from legendary financiers like Giovanni di Bicci de' Medici to visionary entrepreneurs like John Pierpont Morgan.
However, Ferguson also cautions against the dangers inherent in unchecked financial power. He examines the historic market crashes and economic crises that have plagued societies, uncovering the recurring patterns of speculative bubbles, economic inequality, and financial crashes throughout history.
"The Ascent of Money" provides a thought-provoking analysis of not only the mechanics of money but also its profound impact on politics, wars, and social structures. Ferguson's insightful narrative leads readers to reconsider their understanding of wealth, power, and the interplay between economics and society.
In this meticulously researched and thoughtfully written book, Niall Ferguson presents a comprehensive overview of the history of finance, offering readers a richer understanding of the forces that have shaped our financial world.
Share This Book 📚
More Books in Economics
Principles for Dealing With The Changing World Order
Ray Dalio
The Rational Optimist
Matt Ridley
The Bitcoin Standard
Saifedean Ammous
Economics in One Lesson
Henry Hazlitt
The Ascent of Money
Niall Ferguson
Enlightenment Now
Steven Pinker
The Rise of the Rest
Steve Case
The Road to Serfdom
F.A. Hayek
The Wealth of Nations
Adam Smith
Capital In The 21st Century
Thomas Piketty
Check Your Financial Privilege
Alex Gladstein
Dealing with China
Henry Paulson
Debt
David Graeber
Human Action
Ludwig Von Mises
The Future of Capitalism
Paul Collier
The Prize
Daniel Yergin
The Wealth and Poverty of Nations
David Landes
Thinking In Systems
Donella H. Meadows
Trade Is Not A Four Letter Word
Fred Hochberg
Why Nations Fail
Daron Acemoglu
A Great Leap Forward?
John Mauldin & Worth Wray
A Guide To Econometrics
Peter E. Kennedy
Adaptive Markets
Andrew Lo
Age Of Ambition
Evan Osnos
An Apology for the Builder
Nicholas Barbon
Broken Money
Lyn Alden
Bureaucracy
Ludwig Von Mises
Capitalism Without Capital
Jonathan Haskel & Stian Westlake
Central Banking 101
Joseph Wang
Complexity and the Economy
W. Brian Arthur
Popular Books Recommended by Great Minds 📚
Superforecasting
Philip Tetlock
The Sovereign Individual
James Dale Davidson & William Rees-Mogg
The Almanack of Naval Ravikant
Eric Jorgenson
Rework
Jason Fried
Red Notice
Bill Browder
The Courage To Be Disliked
Ichiro Kishimi
Antifragile
Nassim Nicholas Taleb
Brotopia
Emily Chang
The Undoing Project
Michael Lewis
Hopping Over The Rabbit Hole
Anthony Scaramucci
The Great CEO Within
Matt Mochary
Wanting
Luke Burgis
Masters of Doom
David Kushner
The Checklist Manifesto
Atul Gawande
Thinking In Bets
Annie Duke
7 Powers
Hamilton Helmer
Loonshots
Safi Bahcall
Shoe Dog
Phil Knight
Behind the Cloud
Marc Benioff
Scale
Geoffrey West
Trailblazer
Marc Benioff
Surely You're Joking Mr. Feynman
Richard Feynman
Only the Paranoid Survive
Andy Grove
The Third Wave
Steve Case
Good To Great
Jim Collins
The Network State
Balaji Srinivasan
Billion Dollar Whale
Tom Wright
Homo Deus
Yuval Noah Harari
American Kingpin
Nick Bilton
Range
David Epstein