The Ascent Of Money by Niall Ferguson

159420192701_sx140_sclzzzzzzz_2 The Ascent of Money is a history of money and the world financial system written by English historian Niall Ferguson.  As I read I kept thinking about everything that has happened to the world financial system since it was published(November 2008).

Ferguson takes us through the history of money, banks, bonds,  equities, derivatives, insurance and finally some of the causes of the ongoing credit crunch in very clear language.  He makes a very clear argument for the development of money as the driving force behind civilization, and never questions the outcomes of colonization and capitalism on the many peoples who have suffered under the quest for profit.  The outcomes of such a quest were all acceptable because money and capitol drive growth and that is a good thing.

I read this book to learn about the world financial system, parts of it where slow and difficult for me.  I skimmed some of it. I learned  a lot, and remain convinced that we must find a better way to live on this planet.  I’m weird that way.

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2 Comments

Filed under Review, World Citizen 2009

2 responses to “The Ascent Of Money by Niall Ferguson

  1. You are a better person than I. My husband comes home every day to talk about the economic and financial crisis, and even though I would probably be better served to know more, I just can’t take it!

  2. bernadetteinoz

    I remember hearing this book talked about but forgot all about it. I’ve just put my name down for it at the local library as I’m woefully ignorant about world finances. Thanks for the reminder.

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