Chancellor, Edward

The Price of Time: The Real Story of Interest

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ISBN 13:
9780802160065
author:
Chancellor, Edward
format:
Hardback
publisher:
Black Cat
language:
English
Publication Year:
2022
Pages:
416
Dimensions:
152mm X 36mm
Genre:
Business, Economic History, Business,
Condition:
New
Availability:
Item usually sent within 7 working days
£21.20

Description

The Price of Time: The Real Story of Interest by Edward Chancellor For over five millennia, people have been borrowing and lending at interest, a practice that has been both widely accepted and heavily criticized. In The Price of Time, Edward Chancellor explores the complex history of interest, revealing how it has shaped our global financial system. From its origins in ancient civilizations to its modern-day implications, Chancellor provides a comprehensive and insightful analysis of the role of interest in our economy. Interest is often seen as the "price of money," but Chancellor argues that it is more accurately described as the "price of time." With interest rates at historic lows, the financial world is facing a unique set of challenges, including asset price bubbles, reduced productivity growth, and increased inequality. Chancellor's book offers a timely and thought-provoking exploration of these issues, providing a deeper understanding of the complex forces that drive our economy. By examining the history and function of interest, Chancellor sheds light on the current state of the global financial system and offers a nuanced understanding of the challenges we face.

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