The Price of Time: The Real Story of Interest by Edward Chancellor · Audiobook preview скачать в хорошем качестве

The Price of Time: The Real Story of Interest by Edward Chancellor · Audiobook preview

PURCHASE ON GOOGLE PLAY BOOKS ►► https://g.co/booksYT/AQAAAEACdFo0SM The Price of Time: The Real Story of Interest Authored by Edward Chancellor Narrated by Luis Soto 0:00 Intro 0:03 The Price of Time: The Real Story of Interest 0:24 Epigraph 1:27 Introduction: The Anarchist and the Capitalist 10:24 Outro #edwardchancellor #thepriceoftimetherealstoryofinterest — GOOGLE PLAY BOOKS Find your next great read with Google Play Books. Google Play Books is a global digital bookstore offering ebooks, audiobooks, comics, and manga. Discover book recommendations personalized just for you. Get the iOS app: https://goo.gle/books-ios Get the Android app: https://goo.gle/books-android — BOOK DESCRIPTION Brought to you by Penguin. The first book of the next crisis. All economic and financial activities take place across time. Interest coordinates these activities. The story of capitalism is thus the story of interest: the price that individuals, companies and nations pay to borrow money. In The Price of Time, Edward Chancellor traces the history of interest from its origins in ancient Mesopotamia, through debates about usury in Restoration Britain and John Law ' s ill–fated Mississippi scheme, to the global credit booms of the twenty–first century. We generally assume that high interest rates are harmful, but Chancellor argues that, whenever money is too easy, financial markets become unstable. He takes the story to the present day, when interest rates have sunk lower than at any time in the five millennia since they were first recorded – including the extraordinary appearance of negative rates in Europe and Japan – and highlights how this has contributed to profound economic insecurity and financial fragility. Chancellor reveals how extremely low interest rates not only create asset price inflation but are also largely responsible for weak economic growth, rising inequality, zombie companies, elevated debt levels and the pensions crises that have afflicted the West in recent years – conditions under which economies cannot possibly thrive. At the same time, easy money in China has inflated an epic real estate bubble, accompanied by the greatest credit and investment boom in history. As the global financial system edges closer to yet another crisis, Chancellor shows that only by understanding interest can we hope to face the challenges ahead. © Edward Chancellor 2022 (P) Penguin Audio 2022 — ABOUT THE AUTHOR Edward Chancellor is the author of Devil Take the Hindmost: A History of Financial Speculation which has been translated into many languages and was a New York Times Book of the Year. After reading history at Cambridge and Oxford, he worked for Lazard Brothers and until 2014 he was a senior member of the asset allocation team at GMO. He is currently a columnist for Reuters Breakingviews and has contributed to the Wall Street Journal, the Financial Times, MoneyWeek and the New York Review of Books. In 2008, he received the George Polk Award for financial reporting for his article "Ponzi Nation" in Institutional Investor. — AUDIOBOOK DETAILS Purchase on Google Play Books ►► https://g.co/booksYT/AQAAAEACdFo0SM Language: English Publisher: Penguin Published on: July 7, 2022 ISBN: 9781802061970 Duration: 15 hr, 36 min Genres: Business & Economics / Economic History, Business & Economics / Economics / General, Business & Economics / Economics / Theory, Business & Economics / Free Enterprise & Capitalism, Business & Economics / Interest, History / General