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Paper Promises: Money, Debt and the New World Order - Hardcover

Coggan, Philip

 
9781846145100: Paper Promises: Money, Debt and the New World Order

Inhaltsangabe

To understand the false economies of capitalism in today's financial climate, we have to return to the first principles of money. It seems perfectly natural these days to be burdened by debt. In almost every aspect of our life we experience it - on our credit cards, mortgages, bank loans and student loans - even in our governance. 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 the deeper imbalances that the world is currently facing, what is actually at stake

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Über die Autorin bzw. den Autor

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.

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