



" - The Wall Street Journal " excellent, just in time guide to the history of finance and financial crisis." - The Washington Post " Shrewdly anticipates many aspects of the current financial crisis, which has toppled banks, precipitated gigantic government bailouts and upended global markets." -Michiko Kakutani, The New York Times, 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.” -The Wall Street Journal excellent, just in time guide to the history of finance and financial crisis.” -The Washington Post Shrewdly anticipates many aspects of the current financial crisis, which has toppled banks, precipitated gigantic government bailouts and upended global markets.” -Michiko Kakutani, The New York Times, "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. " 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. Indeed, to study the ascent and descent of money is to study the rise and fall of Western power itself. 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. 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. 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 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.
