Money Changes Everything: How Finance Made Civilization Possible

Money Changes Everything How Finance Made Civilization Possible A magnificent history of money and finance New York Times Book Review Convincingly makes the case that finance is a change maker of change makers Financial TimesIn the aftermath of recent financial cr

  • Title: Money Changes Everything: How Finance Made Civilization Possible
  • Author: William N. Goetzmann
  • ISBN: 9780691143781
  • Page: 425
  • Format: Hardcover
  • A magnificent history of money and finance New York Times Book Review Convincingly makes the case that finance is a change maker of change makers Financial TimesIn the aftermath of recent financial crises, it s easy to see finance as a wrecking ball something that destroys fortunes and jobs, and undermines governments and banks In Money Changes Everything, leadi A magnificent history of money and finance New York Times Book Review Convincingly makes the case that finance is a change maker of change makers Financial TimesIn the aftermath of recent financial crises, it s easy to see finance as a wrecking ball something that destroys fortunes and jobs, and undermines governments and banks In Money Changes Everything, leading financial historian William Goetzmann argues the exact opposite that the development of finance has made the growth of civilizations possible Goetzmann explains that finance is a time machine, a technology that allows us to move value forward and backward through time and that this innovation has changed the very way we think about and plan for the future He shows how finance was present at key moments in history driving the invention of writing in ancient Mesopotamia, spurring the classical civilizations of Greece and Rome to become great empires, determining the rise and fall of dynasties in imperial China, and underwriting the trade expeditions that led Europeans to the New World He also demonstrates how the apparatus we associate with a modern economy stock markets, lines of credit, complex financial products, and international trade were repeatedly developed, forgotten, and reinvented over the course of human history.Exploring the critical role of finance over the millennia, and around the world, Goetzmann details how wondrous financial technologies and institutions money, bonds, banks, corporations, and have helped urban centers to expand and cultures to flourish And it s not done reshaping our lives, as Goetzmann considers the challenges we face in the future, such as how to use the power of finance to care for an aging and expanding population Money Changes Everything presents a fascinating look into the way that finance has steered the course of history.

    One thought on “Money Changes Everything: How Finance Made Civilization Possible”

    1. This book is a history of finance, beginning in archaic civilizations and moving through Greece, Rome, the Middle Ages, India, and China up through the present and the crisis of 2008. The author is a prolific finance professor at Yale who also appears to have credentials in archaeology and history. The premise of the book is straightforward - the historical record if examined will show how knowledge about finance is crucial for a society to become a functioning and valuable civilization. Success [...]

    2. William Goetzmann's "Money Changes Everything" offers a sweeping history of the role of finance and financial innovations in social complexification, from ancient Mesopotamia to the post-war West. The book is well-researched, reasonably accessible (albeit still jargon-heavy by the nature of the topic), and interesting. I would have been interested in more analysis of the last hundred years, which are really underdiscussed in Goetzmann's account. The post-1970s "financialization" of the economy d [...]

    3. This is an astonishing book. I wish it had been available when I first started studying finance and I wish my students over many years had been able to read it. The author does a truly amazing job of demonstrating how finance and civilisation are intertwined, showing how vitally important finance has been throughout history. It is, in effect, a history of the world from the perspective of finance. The underpinning research is extensive and a dedicated reader will find it easy to follow up points [...]

    4. This is a book that changed my thoughts on what money and finance really is. To be honest, I started out disappointed, thinking that I'd bought a book that was going to explain money to me and instead was going on and on about credit and other financial innovations that people came up with over the past few thousand years. It was only after time that I started to put together that this was all money: that you can't disentangle finance and money because they are one and the same part of the proce [...]

    5. Un bellissimo libro sul ruolo della tecnologia finanziaria nello spingere una comunità a trasformarsi in una civilizzazione e proprio nel creare accelerazione tecnologica e soprattutto prosperità.Un excursus completo dai Sumeri alla tecnofinanza eccezionale.Ottima la dialettica tra democrazia e sistema finanziario.L'autore fa un po' lo gnorri sui crimini finanziari gravissimi nella crisi del 2008, forse considerati un male inevitabile nella corsa verso il futuro.Dopo questo aspetto Taleb e Ski [...]

    6. Probably among the best books I have ever read. I would recommend it to anyone interested in getting an economic overview of history. The author has managed to make a relative dry and intense topic an easy read.

    7. This is an amazing read! The breadth and depth covered by Goetzmann is incredible. This book brings to light how the very fabric of the world in which we operate in has, to large extent, been woven by the economic thoughts of powerful minds through the ages. Tempting to read again

    8. Best book ever for history + finance. It's amazing how intertwined global events are with finance. Those who don't know history will repeat the same mistakes. How true does this ring.

    9. Excellent read for the early history of finance and its impact on the wider political economy. Wonderfully detailed and backed by extensive research. A very heavy read, but in chunks it is very much accessible to the layperson.

    10. Almost everything anyone would want to know about the history of finance and about the study of the history of finance. And that includes a lot that any one reader doesn't care to know, as it takes broad leaps across time and disparate civilizations.

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