The End of Alchemy: Money, Banking, and the Future of the Global Economy
| Author | : | |
| Rating | : | 4.44 (637 Votes) |
| Asin | : | 0393353575 |
| Format Type | : | paperback |
| Number of Pages | : | 448 Pages |
| Publish Date | : | 2014-07-29 |
| Language | : | English |
DESCRIPTION:
He was appointed Baron King of Lothbury in 2013, a Knight of the Garter in 2014, and is currently a professor at both New York University and the London School of Economics. . Mervyn King served as the governor of the Bank of England from 2003 to 2013
Common paper became as precious as gold, and risky long-term loans were transformed into safe short-term bank deposits. 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. 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. We take these systems for granted today, yet at their core both ideas were revolutionary and almost magical. “If The End of Alchemy gets the attention it deserves, it might just save the world.” Michael Lewis, Bloomberg ViewSomething is wrong with our banking system.
Move over, Bagehot Athan Stop what you’re doing, drop everything, buy and read this book. Twice. I’ll start my second reading as soon as I’m done writing down my thoughts.I’d gladly swap all ten books I’ve read about the crisis (“mine” at ten) for this modest and mischievous masterpiece.Mervyn King does not go looking for villains or victims here. You will not find the words “greed” or “fear” in this text, nor do y. "A must read for anyone even remotely interested in political economy." according to A. (Saied) Seghatoleslami. This is really two books in one. One book is about money, its quantity, banks, the payment system, and the safety of the payment system. The treatment is through and accessible. It is an important work in advancing the cause of building a more robust financial system that better serves businesses and citizens. The book advocates simplicity over complexity and less leverage in the face of uncertainty. When Mervyn King and Neel Kashkari who had front seat v. Sabir Munshi said Mervyn King provides great insight into what is wrong with the financial sector. Mervyn King provides great insight into what is wrong with the financial sector today and particulalrly points to the inability of policy makers to address the core issues for a variety of reasons; including powerful, vested interests. Without addressing these core issues, we will likely face more financial crises and unfortunately this will mean that current (and future) taxpayers will have to provide further bail outs.King provides some interesting and
It is rare to encounter a book on economics quite as intellectually exhilarating as The End of Alchemya dazzling performance indeed.” (John Plender - Financial Times)“I have read umpteen books about the financial crisis of 2007–2008 and its lessons. Volcker) . The End of Alchemy demands debate and a well-reasoned response.” (Paul A. “An outstandingly lucid account of postwar economic policymaking and the dilemmas we now face. While other ‘lords of finance’ publish memoirs, King has produced a brilliant analysis not only of what went wrong in the global financial system but also of what went wrong in economics itself.” (Niall Ferguson)“A sophisticated and highly approachable study of how modern finance has lost its way. For those endeavoring to understand t