The story of how money came to rule the world

The Ascent of Money: A Financial History of the World. By Niall Ferguson, Penguin, €31

8th November, 2008

The Ascent of Money: A Financial History of the World. By Niall Ferguson, Penguin, €31

Just as financial calamity has left much of the world feeling pinched, Niall Ferguson, Britain’s most recognisable historian, returns to tell us how the global system of currencies and banks and credit and bonds evolved, and why we need it.

His daemon is Darwin, not Marx, in a largely entertaining tale which begins in the ancient world and...

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