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Paper Promises: Money, Debt and the New World Order

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Description

Winner of the Spears Business Book of the Year AwardLonglisted for the Financial Times Goldman Sachs Business Book of the Year AwardIn today’s financial climate, we are all, naturally, obsessed by debt. In almost every aspect of our life we experience it – on our credit cards, mortgages, bank loans and student loans. 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 deeper imbalances that the world is currently facing, what’s actually at stake.

Additional information

Weight 0.239 kg
Dimensions 1.8 × 13 × 19.8 cm
by

Format

Paperback
Language

Pages

320
Publisher

Year Published

2012-9-6
Imprint

Publication City/Country

London, United Kingdom
ISBN 10

0718192141
About The Author

Philip Coggan was a Financial Times journalist for over twenty years, including spells as a Lex columnist, personal finance editor and economics correspondent, and is now the Capital Markets Editor of the Economist. In 2009 he was awarded the title of Senior Financial Journalist in the Harold Wincott awards and was voted Best Communicator at the Business Journalist of the Year Awards. Paper Promises is his fourth book, and has been shortlisted for the Spears Business Book of the Year Award and longlisted for the Financial Times Goldman Sachs Business Book of the Year Award.
Review Quote

Bold and confident … Coggan covers the terrain with characteristic calmness and objectivity, avoids over-simplification, and laces his arguments with his trademark erudition … The alphabet soup of acronyms, from SIVs to CDO Squareds, is blissfully lacking … Finally, the book is free from the shrieking ideology that afflicts virtually all contemporary debates over money. Indeed, it offers a clear explanation of the fresh ideological divisions that have arisen over how to deal with the crisis … the book should be taken very seriously
Other text

This book stands way above anything written on the present economic crisis

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