Ascent of Money: Presented by Niall Ferguson, Adrian Pennick: Movies & TV
Ascent of Money: Presented by Niall Ferguson, Adrian Pennick: Movies & TV
Product Description
In THE ASCENT OF MONEY, Ferguson whose series War of the World garnered critical attention last summer traces the evolution of money and demonstrates that financial history is the essential back-story behind all history. Everyone needs to understand the complex history of money and our relationship to it, he says. By learning how societies have continually created and survived financial crises, we can find solid solutions to today s worldwide economic emergency. As he traverses historic financial hot spots around the world, Ferguson illuminates fundamental economic concepts and speaks with leading experts in the financial world.
An excellent survey of the financial crisis,
By Future Watch Writer (Washington, D.C. Area) -
How did we get into the current financial mess? Niall Ferguson has put together one of the best programs on this. What’s unique about Ferguson is a sense of history and time. He is one of the most creative historians in the world today. Ferguson goes back and studies the current crisis in terms of past crises. It’s interesting that many big Wall Street firms used databases of only ten years in making hundreds of billions of dollars of real estate bets. Giant economic train wrecks are a part of free enterprise for better or worse. The 19th century was marked by a series of international financial disasters. (Contrary to what you might of heard, “globalization” is not new. In fact almost every major financial crisis of the last 200 years had international implications.) I would recommend Ferguson’s book The Ascent of Money: A Financial History of the World I would also recommend Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History This book is not easy reading but also has a unique value by going back hundred of years - not Wall Street’s ten years. You’ll find out that China as the world’s largest economy is anything but “new”. It was the world’s largest economy for hundreds of years up to about 1800.
Sadly, Ferguson is not too optimistic about America’s “recovery” plans. From 1981 to today we went from being the world’s largest creditor to the world’s largest debtor. He is very skeptical that borrowing trillions more from China and others is going to make things better.
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