a book
The Ascent of Money
Niall Ferguson · 2008 · 496 pages
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 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. 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. Indeed, to study the ascent and descent of money is to study the rise and fall of Western power itself.
recommended by 7 people
sourced from public statements
Max Levchin
“Q. - What's your favourite business book you'd advise to young entrepreneurs and why? M.L. -Some good ones from the "pure business" category: Zero to One, The Hard Thing About Hard Things, The Innovator's Dilemma, Good to Great, etc. Personally, I prefer less advice, more history. From my favorite business segment: Too Big To Fail, Ascent of Money, When Genius Failed, etc. Books on applied psychology (Influence, Predictably Irrational, etc) are another way to round out primarily technological education :)”↗
books like The Ascent of Money
other books recommended by the same people who recommend this one
The Power of Habit: Why We Do What We Do in Life and Business
Charles Duhigg
2 shared recommenders
High Growth Handbook: Scaling Startups from 10 to 10,000 People
Elad Gil
2 shared recommenders
Influence: The Psychology of Persuasion, Revised Edition
Robert B. Cialdini, PhD
2 shared recommenders
The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers
Ben Horowitz
2 shared recommenders
The House of Morgan
Ron Chernow
2 shared recommenders
When Genius Failed: The Rise and Fall of Long-Term Capital Management
Roger Lowenstein
2 shared recommenders
Zero to One: Notes on Startups, or How to Build the Future
Peter Thiel
2 shared recommenders
How to Get Rich
Felix Dennis
2 shared recommenders
Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger, Expanded Third Edition
edited by Peter Kaufman
2 shared recommenders
The Intelligent Investor
Benjamin Graham
2 shared recommenders