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Money Changes Everything

Name: Money Changes Everything
Brand: Princeton University Press
SKU: 16004539
Price: 26.1 EUR
Availability: InStock
Author: William N. Goetzmann
ISBN: 9780691178370

How Finance Made Civilization Possible

William N. Goetzmann

Language

English

Book Paperback

Libristo code: 16004539

Publishers Princeton University Press, August 2017

In the aftermath of recent financial crises, it's easy to see finance as a wrecking ball: something... Full description

Libristo code: 16004539

63 b

26.10 €

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In the aftermath of recent financial crises, it's easy to see finance as a wrecking ball: something that destroys fortunes and jobs, and undermines governments and banks. In Money Changes Everything, leading financial historian William Goetzmann argues the exact opposite - that the development of finance has made the growth of civilizations possible. Goetzmann explains that finance is a time machine, a technology that allows us to move value forward and backward through time; and that this innovation has changed the very way we think about and plan for the future. He shows how finance was present at key moments in history: driving the invention of writing in ancient Mesopotamia, spurring the classical civilizations of Greece and Rome to become great empires, determining the rise and fall of dynasties in imperial China, and underwriting the trade expeditions that led Europeans to the New World. He also demonstrates how the apparatus we associate with a modern economy - stock markets, lines of credit, complex financial products, and international trade - were repeatedly developed, forgotten, and reinvented over the course of human history.