The insurance market is flawed and inefficient.The stock exchange and the stock market have all but emerged together.The stock market creates bubbles that can burst at any time.The bond market directly influences government policy.We are affected in one way or another by the bond market.With industrialization, the number of banks has grown absurdly (and this rapid growth has led to crises).Bankruptcy arises as an exploratory method and distinction of power.Money has value only when someone is willing to give something for it.The need for money was built over time.Main ideas of the book "The Ascent of Money" It can also be of great contribution to professionals in the field of historiography, administration, political science, and international relations as a source of research, analysis, and criticism. "The Ascent of Money" is recommended for all economists and scholars on finance and economics.
Its written language is suitable for laypeople and experts. Most of his books have become bestsellers and have been adapted for television documentaries. He teaches at Harvard, Oxford, and Stanford. Born in Glasgow, Scotland, he studied at Magdalen College and Oxford. About the author Niall FergusonĪ specialist in financial and economic history, Niall Ferguson is a political commentator, defined as a neoconservative. The author defends monetary and banking developments as the hallmark of civilization. The book has 6 chapters, divided into subchapters, in which the author discusses some of the areas understood by the problems already pointed out in the book's title. "The Ascent of Money" is an essay by author Niall Ferguson which was The New York Times bestseller and has received adaptation for BBC television documentary. Got interested to know more about? Stay with us in this summary! About the book "The Ascent of Money" In this summary, we will learn about the fundamental details of global economic development, understanding that there is a connection between it and the financial problems we face today. There are currently no societies totally excluded from commercial relations, whatever their extent. Have you ever wondered what is the real interference of money in our lives? Have you ever wondered why our society is so affected by economic issues? Niall Ferguson explains all the concepts through this world in the book "The Ascent of Money".
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