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The End of Alchemy

By Mervyn King

Product Image: The End of Alchemy

The End of Alchemy

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Description
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?
Product details
Binding:
Paperback
Edition:
1
Number of Pages:
448
Release Date:
2016-03-03
Publication Date:
2016-03-03
Publisher:
Little, Brown Book Group
Languages:
Original: English
ISBN10:
1408706113
ISBN13:
9781408706114
Weight:
600 g
Height:
151 cm
Width:
233 cm
Thickness:
38 cm

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The items bear minimal signs of past use, such as light scratches or memories in the form of markings. These signs of wear give the items a charming character and tell stories of their previous owners, while not affecting their functionality.
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