The End of Alchemy: Money, Banking and the Future of the Global Economy King, Mervyn

The End of Alchemy: Money, Banking and the Future of the Global Economy

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The past twenty years saw unprecedented growth and stability followed by the worst financial crisis the industrialised world has ever witnessed. In the space of little more than a year what had been seen as the age of wisdom was viewed as the age of foolishness. Almost overnight, belief turned into incredulity.

Most accounts of the recent crisis focus on the symptoms and not the underlying causes of what went wrong. But those events, vivid though they remain in our memories, comprised only the latest in a long series of financial crises since our present system of commerce became the cornerstone of modern capitalism. Alchemy explains why, ultimately, this was and remains a crisis not of banking - even if we need to reform the banking system - nor of policy-making - even if mistakes were made - but of ideas.

In this refreshing and vitally important book, former governor of the Bank of England Mervyn King - an actor in this drama - proposes revolutionary new concepts to answer the central question: are money and banking a form of Alchemy or are they the Achilles heel of a modern capitalist economy?



PRODUCT DETAILS :
ISBN : 9781408706114
BY (AUTHOR) King, Mervyn
PUBLISHER : Little, Brown Book Group PUBLICATION DATE : March 03, 2016
COUNTRY OF PUBLICATION : United Kingdom IMPRINT : Little, Brown
LANGUAGE : English AGE : General
PRODUCT FORM : Paperback / softback
DIMENSION : 234 mm x 156 mm
WEIGHT : 596 g

PRODUCT CATEGORY :
Economics, Finance, Business & Management
DESCRIPTION : The past twenty years saw unprecedented growth and stability followed by the worst financial crisis the industrialised world has ever witnessed. In the space of little more than a year what had been seen as the age of wisdom was viewed as the age of foolishness. Almost overnight, belief turned into incredulity. Most accounts of the recent crisis focus on the symptoms and not the underlying causes of what went wrong. But those events, vivid though they remain in our memories, comprised only the latest in a long series of financial crises since our present system of commerce became the cornerstone of modern capitalism. Alchemy explains why, ultimately, this was and remains a crisis not of banking - even if we need to reform the banking system - nor of policy-making - even if mistakes were made - but of ideas. In this refreshing and vitally important book, former governor of the Bank of England Mervyn King - an actor in this drama - proposes revolutionary new concepts to answer the central question: are money and banking a form of Alchemy or are they the Achilles heel of a modern capitalist economy? PRODUCT DETAILS : ISBN : 9781408706114 BY (AUTHOR) King, Mervyn PUBLISHER : Little, Brown Book Group PUBLICATION DATE : March 03, 2016 COUNTRY OF PUBLICATION : United Kingdom IMPRINT : Little, Brown LANGUAGE : English AGE : General PRODUCT FORM : Paperback / softback DIMENSION : 234 mm x 156 mm WEIGHT : 596 g PRODUCT CATEGORY : Economics, Finance, Business & Management