The Ascent of Money by Niall Ferguson

I came to know about this author Niall Ferguson, when one of my close friends told me about the concept 'Chimerica',which is the term indicating the symbiotic relationship between Chinese and American Economy. According to author, this was one of the main drivers behind the recent recession.

Anyway coming back to the book 'The Ascent of Money', it reminded me of the works of Alvin Toffler, especially the 'Third Wave' and 'Future Shock'. This book tells you the financial history of the world, especially about the currency,banking system, bond markets, stock markets, insurance and real estate. I will not be ashamed to claim that I was more than scared after reading this book. I am enlightened as well as confused about money now.

And at the same time, I will say today's schools should include this book in the course, because nobody can't remain untouched by financial market at least in the civilized world today.

A must read.

More articles on author's work can be found here http://www.niallferguson.com/site/FERG/Templates/Home.aspx?pageid=1