The end of Alchemy: Money, Banking, and the Future of the Global Economy [Audiobook] download free by Mervyn King

The end of Alchemy: Money, Banking, and the Future of the Global Economy Audiobook download free by Mervyn King
  • Listen audiobook: The end of Alchemy: Money, Banking, and the Future of the Global Economy
  • Author: Mervyn King
  • Release date: 2017/1/14
  • Publisher: WW NORTON & CO
  • Language: English
  • Genre or Collection: Personal Development
  • ISBN: 9780393247022
  • Rating: 7.91 of 10
  • Votes: 600
  • Review by: Rosa Barth
  • Review rating: 7.44 of 10
  • Review Date: 2018/11/26
  • Duration: 5H33M26S in 256 kbps (89.6 MB)
  • Date of creation of the audiobook: 2018-08-07
  • You can listen to this audiobook in formats: FLAC, MP3, WAV, MPEG-4 DST, MPEG4, WMA (compression ZIP, ARJ, RAR, IMG)
  • Total pages original book: 448
  • Includes a PDF summary of 36 pages
  • Duration of the summary (audio): 28M52S (7.2 MB)
  • Description or summary of the audiobook: Something is wrong with our banking system. We all sense that, but Mervyn King knows it firsthand; his ten years at the helm of the Bank of England, including at the height of the financial crisis, revealed profound truths about the mechanisms of our capitalist society. In The End of Alchemy he offers us an essential work about the history and future of money and banking, the keys to modern finance. The Industrial Revolution built the foundation of our modern capitalist age. Yet the flowering of technological innovations during that dynamic period relied on the widespread adoption of two much older ideas: the creation of paper money and the invention of banks that issued credit. We take these systems for granted today, yet at their core both ideas were revolutionary and almost magical. Common paper became as precious as gold, and risky long-term loans were transformed into safe short-term bank deposits. As King argues, this is financial alchemy-the creation of extraordinary financial powers that defy reality and common sense. Faith in these powers has led to huge benefits; the liquidity they create has fueled economic growth for two centuries now. However, they have also produced an unending string of economic disasters, from hyperinflations to banking collapses to the recent global recession and current stagnation. How do we reconcile the potent strengths of these ideas with their inherent weaknesses? King draws on his unique experience to present fresh interpretations of these economic forces and to point the way forward for the global economy. His bold solutions cut through current overstuffed and needlessly complex legislation to provide a clear path to durable prosperity and the end of overreliance on the alchemy of our financial ancestors.
  • Other categories, genre or collection: Monetary Economics, Macroeconomics, Political Economy, Economics, Economic History
  • Download servers: Uploaded, Microsoft OneDrive, S42Transfer, BitShare, 4Shared,, Torrent, FreakShare. Compressed in ZIP, ARJ, RAR, IMG
  • Format: Hardback
  • Approximate value: 13.07 USD
  • Dimensions: 165x244x38mm
  • Weight: 280g
  • Printed by: Not Available
  • Published in: New York, United States

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