3 Review(s)

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. About The Author After being educated at Sidney Sussex College, Cambridge, Philip Coggan became Assistant Editor of Euro money Currency Report and Euro money Corporate Finance. He has been a journalist for the Financial Times since 1986, where he has spent time as personal finance editor, economics correspondent and Lex columnist.