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The Ascent of Money

The Ascent of Money

by Niall Ferguson

Mentioned once across 1 show · first heard Jun 2026 on Proven Podcast.

economicsfinancehistory
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The general take

Garrett Gunderson thinks "The Ascent of Money" is a fascinating book that traces money's origins and evolution, offering useful perspective on how finance and accounting work. He appreciates how it provides historical context that helps understand today's financial world.

About

The 10th anniversary edition, with new chapters on the crash, Chimerica, and cryptocurrency "[An] excellent, just in time guide to the history of finance and financial crisis." — The Washington Post "Fascinating." —Fareed Zakaria, Newsweek In this updated edition, Niall Ferguson brings his classic financial history of the world up to the present day, tackling the populist backlash that followed the 2008 crisis, the descent of "Chimerica" into a trade war, and the advent of cryptocurrencies, such as Bitcoin, with his signature clarity and expert lens. The Ascent of Money reveals finance as the backbone of history, casting a new light on familiar events: the Renaissance enabled by Italian foreign exchange dealers, the French Revolution traced back to a stock market bubble, the 2008 crisis traced from America's bankruptcy capital, Memphis, to China's boomtown, Chongqing.

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