The Ascent of Money by Niall Ferguson

“The Ascent of Money: A Financial History of the World” is a book written by Niall Ferguson, a historian and professor of history and business at Harvard University. Published in 2008, the book explores the history and influence of money and finance on human civilization.

In “The Ascent of Money,” Ferguson takes readers on a journey through the evolution of financial systems and institutions, examining their impact on economies and societies. The book covers a wide range of topics, including the origins of money, the development of banking, the role of stock markets, the influence of insurance, and the growth of international finance.

Ferguson explores historical events, such as the rise and fall of empires, the Industrial Revolution, the Great Depression, and the recent global financial crisis, to illustrate how financial systems have shaped the world we live in. He also delves into the concepts of risk, speculation, debt, and the interconnectedness of global markets.

“The Ascent of Money” offers insights into the historical forces that have shaped the modern financial landscape and provides readers with a better understanding of the complex world of finance. The book received positive reviews for its engaging narrative style, in-depth research, and the author’s ability to make complex financial concepts accessible to a broader audience.