Book, Economy, Philosophy

BOOKS: The ascent of money: A financial history of the world

Author: Niall Ferguson
Check out more information about the book in Google Books
This is an informative yet entertaining book about the history of the monetary system, interesting read on the genesis of money, banks, the stock market, insurance, subprime mortgage etc. See how banks “create” money out of literally nothing, how the world with its large businesses go around each day by a single word: Trust, that the first modern Insurance was created by Protestant ministers wanting to secure the livings of their widows and children at old age. Reads like a novel about how money work in the world.

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