In this well-researched examination of all aspects of money, the host of an NPR personal finance podcast offers a primer on where it came from, how it works today, and where it’s going. His brisk performance is easy to understand and fun to hear. Goldstein’s broad grasp of his topic expresses itself in snappy vignettes full of colorful personalities that keep the momentum going. With casual confidence, he opens with the origins of money—beads and 43-pound coins—emphasizing that whatever form money takes, it has value only when people agree it does. From the gold standard to the rise of capital markets and macroeconomics, no aspect of this ubiquitous necessity eludes his curiosity. He closes with an illuminating look at banking, credit cards, and digital currencies like Bitcoin. T.W. © AudioFile 2021, Portland, Maine
The co-host of the popular NPR podcast Planet Money provides a well-researched, entertaining, somewhat irreverent look at how money is a made-up thing that has evolved over time to suit humanity's changing needs.
Money only works because we all agree to believe in it. In Money, Jacob Goldstein shows how money is a useful fiction that has shaped societies for thousands of years, from the rise of coins in ancient Greece to the first stock market in Amsterdam to the emergence of shadow banking in the 21st century.
At the heart of the story are the fringe thinkers and world leaders who reimagined money. Kublai Khan, the Mongol emperor, created paper money backed by nothing, centuries before it appeared in the west. John Law, a professional gambler and convicted murderer, brought modern money to France (and destroyed the country's economy). The cypherpunks, a group of radical libertarian computer programmers, paved the way for bitcoin.
One thing they all realized: what counts as money (and what doesn't) is the result of choices we make, and those choices have a profound effect on who gets more stuff and who gets less, who gets to take risks when times are good, and who gets screwed when things go bad.
Money: The True Story of a Made-Up Thing
Lively, accessible, and full of interesting details (like the 43-pound copper coins that 17th-century Swedes carried strapped to their backs), Money is the story of the choices that gave us money as we know it today.
The co-host of the popular NPR podcast Planet Money provides a well-researched, entertaining, somewhat irreverent look at how money is a made-up thing that has evolved over time to suit humanity's changing needs.
Money only works because we all agree to believe in it. In Money, Jacob Goldstein shows how money is a useful fiction that has shaped societies for thousands of years, from the rise of coins in ancient Greece to the first stock market in Amsterdam to the emergence of shadow banking in the 21st century.
At the heart of the story are the fringe thinkers and world leaders who reimagined money. Kublai Khan, the Mongol emperor, created paper money backed by nothing, centuries before it appeared in the west. John Law, a professional gambler and convicted murderer, brought modern money to France (and destroyed the country's economy). The cypherpunks, a group of radical libertarian computer programmers, paved the way for bitcoin.
One thing they all realized: what counts as money (and what doesn't) is the result of choices we make, and those choices have a profound effect on who gets more stuff and who gets less, who gets to take risks when times are good, and who gets screwed when things go bad.
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Money: The True Story of a Made-Up Thing
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Product Details
BN ID: | 2940177602431 |
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Publisher: | Hachette Audio |
Publication date: | 09/08/2020 |
Edition description: | Unabridged |
Sales rank: | 995,277 |
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