Book

Ascent Of Money, Niall Ferguson
Ascent Of Money
Niall Ferguson

Allen Lane | Paperback | $35
History | Published: 1/11/2008 | ISBN: 1-8461-4192-3

The Ascent of Money argues that finance is in fact the foundation of human progress, that it is the essential back-story behind all history. Ferguson explains why the origins of the French Revolution lie in a stock market bubble caused by a convicted Scots murderer. He shows how financial failure turned Argentina from the world's sixth richest country into an inflation-ridden basket-case - and how a financial revolution is propelling the world's most populous country from poverty to power in a single generation.  The most important lesson of the financial history is that sooner or later every bubble bursts - sooner or later the bearish sellers outnumber the bullish buyers - sooner or later greed flips into fear.

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