The End of Alchemy: Money, Banking and the Future of the Global Economy

Mervyn A. King

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Language: English

Published by Abacus, 2017

0349140677 / 9780349140674

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, . Author: Mervyn King Format: Paperback Number of Pages: 464 'A fearless and important book . . . THE END OF ALCHEMY isn't just an elegant guide to the history of economic ideas. It also gives a genuine insider's account' Telegraph The past twenty years saw unprecedented growth and stability followed by the worst financial crisis the industrialised world has ever witnessed. In the space of little more than a year what had been seen as the age of wisdom was viewed as the age of foolishness. Almost overnight, belief turned into incredulity. Most accounts of the recent crisis focus on the symptoms and not the underlying causes of what went wrong. But those events, vivid though they remain in our memories, comprised only the latest in a long series of financial crises since our present system of commerce became the cornerstone of modern capitalism. Alchemy explains why, ultimately, this was and remains a crisis not of banking - even if we need to reform the banking system - nor of policy-making - even if mistakes were made - but of ideas. In this refreshing and vitally important book, former governor of the Bank of England Mervyn King - an actor in this drama - proposes revolutionary new concepts to answer the central question: are money and banking a form of Alchemy or are they the Achilles heel of a modern capitalist economy.…

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Title
The End of Alchemy: Money, Banking and the Future of the Global Economy
Author
Mervyn A. King
Publisher
Abacus
Publication year
2017
Book Type
Paperback
Binding
Paperback
Language
English
ISBN 10
0349140677
ISBN 13
9780349140674

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