Chancellor, Edward
The Price of Time: The Real Story of Interest
- ISBN 13:
- 9781802060157
- author:
- Chancellor, Edward
- format:
- Paperback
- publisher:
- Penguin
- language:
- English
- Publication Year:
- 2023
- Pages:
- 432
- Dimensions:
- 19.8 x 12.9 x 3.5 centimetres (0
- Genre:
- Business, Free Enterprise, Business,
- Condition:
- New
- Availability:
- Item usually sent within 7 working days
Description
The Price of Time: The Real Story of Interest by Edward Chancellor A comprehensive history of interest rates, tracing the story of capitalism from its origins to the present day. Chancellor explores how interest rates have shaped the global economy, revealing the complex relationships between borrowing, lending, and economic stability. From ancient Mesopotamia to the global credit booms of the 21st century, this book provides a nuanced understanding of the role of interest in modern finance. High interest rates are often seen as a negative force, but Chancellor argues that they can also have unintended consequences. He examines how extremely low interest rates have contributed to economic insecurity, financial fragility, and rising inequality. In contrast, easy money in certain countries has fueled epic real estate bubbles and investment booms. This book offers a fresh perspective on the complex world of interest rates and their impact on the global economy.
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