From primitive man's cowrie shells to the electronic cash card, from the markets of Timbuktu to the New York Stock Exchange, The History of Money explores how money and the myriad forms of exchange have affected humanity, and how they will continue to shape all aspects of our lives--economic, political, and personal.
©1998 Jack Weatherford (P)2010 Audible, Inc.
Faced with mindless duty, when an audio book player slips into a rear pocket and mini buds pop into ears, old is made new again.
The “History of Money” is an interesting historical journey, written by Jack Weatherford. However, at times, resource selection seems loosely based on the title’s inferred theme. One of Weatherford’s references is to Michel Montaigne. Montaigne’s reference to money in his book, “Essays”, is superfluous. Montaigne said little about the historical role of money, except as an inheritance and burden.
Weatherford explains that we have entered a new age of money. Early civilizations disclaimed the importance of money; the ruling class coveted money for power; the merchant class acquired money for trade; the industrial class sought money for production; and now the capitalist class has risen. Like the Romans, capitalists acquire money for power.
However, the medium of money has become unanchored by the physical world. Money lives in cyber space, untethered by physical relationship. Capitalists have become the new Caesars backed by money that never touches human hands. Though Weatherford does not address bitcoin, he infers a new form of money is being created out of nothing.
One might argue money has always been created out of nothing, except convenience. Money is certainly more conveniently handled today than in ancient times. The concern is that the speed of change, figuratively and physically, is less controllable in cyber space.
A bit dry and historical, but none the less a fascinating history. A good reflection as to the relationship of money, the world economy and our society.
It was highly enjoyable because it gave me a greater understanding of the way the world works. He gave a story of a certain eb and flow of history that makes the listener more knowledgeable than before.
Yes, this is a non-fiction book but his tone of voice made it clear when he was switching topics.
I would want to, theoretically but that is not very realistic.
I enjoy, epic and modern fantasy, science fiction, business, historical mystery, and technology books. Fav. series: Game of Thrones, Vampire Earth, Dresden, Iron Druid, Falco mysteries, Chris Anderson titles, Peaceful Warrior, and the Way of Kings (and more, of course;)
This book is provides an interesting history of the evolution of currency and the effects of money-use on the civilizations that used them. The beginning was a bit slow and felt like an extended historical introduction (I actually stopped listening for a while before coming back to the book), but once I got past the first section, the story was very engaging and produced many interesting facts, histories, and a new perspective on modern day finance. 4 out of 5 due to the slow start, but very good for someone curious to know more about the basics of money history and some economics.
Very thorough history of the evolution of money
Yes. It would be too detailed for some.
There was a little history, but not much that many of us don't already know. There were some illuminating history concerning slavery, the Aztecs in particular. The evolution from barter to binary bit exchange is of value to someone with no knowledge of the subject.
I anticipated that the book would be about how money has evolved into something new. And indeed the book brings you right up to the current evolutionary stage, says we're on the brink of something big, and stops. I had hoped for a little more insight into the new world order. Instead I got to read a cursory history of how we got here. Mixed in is a lot of soap boxing about how money is the driving force of civilization and all that is good.
An anthropologist's view on money was very refreshing. We always think of money from the economist's perspective which can at times be a little dry. The author gives just the right mix of interesting tid bits on money and a constant theme to tie the book together...that while money has greatly advanced society, history repeats over and over the folly of too much money creation.
The book was well read so that it is easy to follow even at 3 times speed.
Very interesting book spanning the dawn of civilization to the modern age, revealing the effect money had on shaping civilization. Highly recommended for anyone interested in history or why the current global economy is how it is today.
things are not as simple as presented, and are not all from one point of view.
the "decimal money" did not allow chemistry to develop periodic table...
Qublai Han was not chinese, and paper money was part of a very dramatic changes the Mongols lead the world for, not a thing of its own. reading Gingis Han explains it excellent.
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