The Ascent of Money: A Financial History of the World by Niall Ferguson

This book provides a comprehensive history of money, credit, and banking, tracing their evolution from ancient times to the present. It explores how financial systems have shaped human history, from the rise and fall of empires to the development of modern economies. The book delves into the origins of the stock market, the true nature of insurance, the perils of inflation, the importance of property rights, and the role of financial innovation in economic growth. It also examines the causes and consequences of financial crises, offering valuable insights into the complex relationship between finance and society.

The 10428th greatest book of all time

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Total Points: 9

Since this book was first published in 2008, there is a penalty of 54.4%. The age adjusted score is 4.1.

This is to prevent newer books from reaching super high on the ranked list of the greatest books of all time. The greatest books should also stand the test of time.