To understand the false economies of capitalism in today's financial climate, we have to return to the first principles of money. It seems perfectly natural these days to be burdened by debt. In almost every aspect of our life we experience it - on our credit cards, mortgages, bank loans and student loans - even in our governance. But where has this debt come from? How does it work? What is any money really worth? And what promises do we need to believe to keep ... Lire la suite
To understand the false economies of capitalism in today's financial climate, we have to return to the first principles of money. It seems perfectly natural these days to be burdened by debt. In almost every aspect of our life we experience it - on our credit cards, mortgages, bank loans and student loans - even in our governance. But where has this debt come from? How does it work? What is any money really worth? And what promises do we need to believe to keep the whole system afloat?
In this fascinating look at money through the ages - including our own unstable future - award-winning financial journalist Philip Coggan examines the flawed structure of the global finance systems as they exist today, and asks, with the deeper imbalances that the world is currently facing, what is actually at stake.
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