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Download The Ascent of Money: A Financial History of the World Audiobook

Extended Audio Sample The Ascent of Money: A Financial History of the World, by Niall Ferguson Click for printable size audiobook cover
3 out of 53 out of 53 out of 53 out of 53 out of 5 3.00 (6,349 ratings) (rate this audio book) Author: Niall Ferguson Narrator: Simon Prebble Publisher: Tantor Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date:
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Bread, cash, dough, loot, moolah, readies, the wherewithal: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it's the sinews of war. To revolutionaries, it's the chains of labor. But in The Ascent of Money, Niall Ferguson shows that finance is, in fact, the foundation of human progress. What's more, he reveals financial history as the essential back story behind all history. Through Ferguson's expert lens, familiar historical landmarks appear in a new and sharper financial focus. Suddenly, the civilization of the Renaissance looks very different: a boom in the market for art and architecture made possible when Italian bankers adopted Arabic mathematics. The rise of the Dutch republic is reinterpreted as the triumph of the world's first modern bond market over insolvent Habsburg absolutism. And the origins of the French Revolution are traced back to a stock market bubble caused by a convicted Scot murderer. With the clarity and verve for which he is known, Ferguson elucidates key financial institutions and concepts by showing where they came from. What is money? What do banks do? What's the difference between a stock and a bond? Why buy insurance or real estate? And what exactly does a hedge fund do? This is history for the present. Ferguson travels to post-Katrina New Orleans to ask why the free market can't provide adequate protection against catastrophe. He also delves into the origins of the subprime mortgage crisis. Perhaps most important, The Ascent of Money documents how a new financial revolution is propelling the world's biggest countries, India and China, from poverty to wealth in the space of a single generation-an economic transformation unprecedented in human history. Yet the central lesson of the financial history is that sooner or later every bubble bursts-sooner or later the bearish sellers outnumber the bullish buyers; and sooner or later greed flips into fear. And that is why, whether you're scraping by or rolling in it, there's never been a better time to understand the ascent of money. Download and start listening now!

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Quotes & Awards

  • There is an ease to [Ferguson's] prose that leaves this complicated subject interesting to and approachable by any general [listener]. Booklist Starred Review
  • “It shrewdly anticipates many aspects of the current financial crisis.”

    New York Times

  • “An admirably illuminating book.”

    Washington Post

  • “A timely book that is indispensable [from] one of the greatest historians writing today.”

    Boston Globe

  • “There is an ease to [Ferguson’s] prose that leaves this complicated subject interesting to and approachable by any general reader.”

    Booklist (starred review)

  • “A timely history of money and finance from the advent of coins to J. P. Morgan Chase’s takeover of Bear Stearns earlier this year.”

    Library Journal

  • “The author is a fluent interpreter…He avoids the aridity of economics without skimping on details, offering lots of bang for the buck.”

    Kirkus Reviews

Listener Opinions

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 by Henk Deraedt | 2/17/2014

    " Zou verplichte lectuur moeten zijn voor elke bankier, beleggingsadviseur, verzekeraar ... Als je wat verder in de geschiedenis van het geld en bankwezen kijkt zie je steeds dezelfde patronen terug. De kunst is om ze telkens in context te kunnen plaatsen met de maatschappelijke, economische en technologische evoluties. "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 by Shauna | 2/17/2014

    " Actually, I didn't finish. I'm not smart enough to read this book, and was constantly glazing over at financial terms and ideas. I want to understand, but this book was not the vehicle to get me there. And let's face it. I want my non-fiction to read like fiction. This book does not! Probably a very interesting book for someone who already has a handle on finance and economics. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 by Ed Terrell | 2/15/2014

    " I gave this book a three only because the first half was very good. Ferguson then forgot himself and with Milton Friedman in his pocket and the Chicago boys with bats standing behind him attempts to beat us into submission to his particular political views. Separating politics and economics is never easy and we all have a point of view which colors the landscape we paint. After skipping a 100 plus pages in the middle, I finished the book with a sense of uneasiness. Once his cards were on the table, I was unable to be enthralled with his story telling. Like a magician who has told you how his trick works, the wonder was gone. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 by Tomas Bielskis | 2/10/2014

    " More financial than history... "

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