Paper Promises: Money, Debt and the New World Order
Dec 2011 · Penguin UK
4.7star
13 reviewsreport
Ebook
320
Pages
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About this ebook
Winner of the Spears Business Book of the Year Award
Longlisted for the Financial Times Goldman Sachs Business Book of the Year Award
In today's financial climate, we are all, naturally, obsessed by debt. In almost every aspect of our life we experience it - on our credit cards, mortgages, bank loans and student loans. But where has this debt come from? How does it work? What is any money really worth? And what promises do we need to believe to keep the whole system afloat?
In this fascinating look at money through the ages - including our own unstable future - award-winning financial journalist Philip Coggan examines the flawed structure of the global finance systems as they exist today, and asks, with deeper imbalances that the world is currently facing, what's actually at stake.
Longlisted for the Financial Times Goldman Sachs Business Book of the Year Award
In today's financial climate, we are all, naturally, obsessed by debt. In almost every aspect of our life we experience it - on our credit cards, mortgages, bank loans and student loans. But where has this debt come from? How does it work? What is any money really worth? And what promises do we need to believe to keep the whole system afloat?
In this fascinating look at money through the ages - including our own unstable future - award-winning financial journalist Philip Coggan examines the flawed structure of the global finance systems as they exist today, and asks, with deeper imbalances that the world is currently facing, what's actually at stake.
Ratings and reviews
4.7
13 reviews
A Google user
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June 13, 2012
If only my history books at school had been written as clearly and as interesting as this. Great read and useful for a more complete understanding of what is happening now and what is likely to follow.
Bhavinder Singh
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February 1, 2023
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Anil Das
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February 25, 2022
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About the author
Philip Coggan was a Financial Times journalist for over twenty years, including spells as a Lex columnist, personal finance editor and economics correspondent, and is now the Capital Markets Editor of the Economist. In 2009 he was awarded the title of Senior Financial Journalist in the Harold Wincott awards and was voted Best Communicator at the Business Journalist of the Year Awards. Paper Promises is his fourth book, and has been shortlisted for the Spears Business Book of the Year Award and longlisted for the Financial Times Goldman Sachs Business Book of the Year Award.
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