The Ascent of Money: A Financial History of the World

Author(s): Niall Ferguson

Economics | History

Bread, cash, dosh, dough, loot: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it's the sinews of war. To revolutionaries, it's the chains of labour. But in The Ascent of Money, Niall Ferguson shows that finance is in fact the foundation of human progress. What's more, he reveals financial history as the essential back-story behind all history. With the clarity and verve for which he is famed, Niall Ferguson explains why the origins of the French Revolution lie in a stock market bubble caused by a convicted Scots murderer. He shows how financial failure turned Argentina from the world's sixth richest country into an inflation-ridden basket-case - and how a financial revolution is propelling the world's most populous country from poverty to power in a single generation. Yet the most important lesson of the financial history is that sooner or later every bubble bursts - sooner or later the bearish sellers outnumber the bullish buyers - sooner or later greed flips into fear. And that's why, whether you're scraping by or rolling in it, there's never been a better time to understand the ascent of money. First published 2008.


Product Information

Shortlisted for Galaxy British Book Awards: Play.com Popular Non-Fiction Award 2009.

General Fields

  • : 9781846141928
  • : Penguin Books Ltd
  • : Allen Lane
  • : October 2008
  • : United Kingdom
  • : books

Special Fields

  • : Niall Ferguson
  • : Paperback
  • : Open Market ed
  • : very good
  • : 448