The Price of Time PDF Book by Edward Chancellor
The Price of Time PDF by Edward Chancellor: Hello, companions. In this post, we will provide the Financial Interest Book The Price of Time PDF by Edward Chancellor. So you can get it in the English language. Atlantic Monthly Press published this book. Stay tuned to this post, and let’s enjoy the book.
The Price of Time by Edward Chancellor PDF Summary
The Price of Time PDF by one of the world’s top financial writers examines our current state of global finance and how we got here in a thorough and profoundly relevant history of interest.
There was a loan at first, and that loan had an interest. People have been borrowing and lending money with interest for at least five millennia. Usury wasn’t always a common practice; in the ancient world, it was typically seen as exploitative and a possible route to debt bondage and slavery. However, as capitalism developed starting in the late Middle Ages, criticisms of interest were moderated because it was a crucial incentive for lenders to part with their money.
Additionally, interest serves a variety of other critical roles, including promoting saving, enabling individuals to assign value to priceless possessions like homes and various financial securities, and allowing us to assess the risk involved.
Every economic and financial activity spans time. Although interest is frequently referred to as the “price of money,” it is better referred to as the “price of time” because time is valuable, precious, and expensive. Interest is the time equivalent of money.
Interest rates have fallen to record lows in the first two decades of the twenty-first century. After the global financial crisis of 2007–2008, easy money had several adverse effects, including multiple asset price bubbles, a slowdown in productivity growth, a reduction in savings and an escalation of inequality, and the incitement of excessive risk-taking on the part of yield-starved investors. Edward Chancellor is here to explain why the financial industry is currently stuck between a rock and a hard place. Chancellor examines the history of interest and its crucial role in shaping how money is allocated and priced in this insightful study.
Edward Chancellor has written a history of the most significant market issue facing now that is also a fantastic explanation of the worth of money and time. Everybody who has anything to do with the financial markets or has questioned why things happen the way they do should read The Price of Time epub.
Details of The Price of Time PDF Book
|Book Name:||The Price of Time: The Real Story of Interest|
|Publisher:||Atlantic Monthly Press|
|Release Date:||August 16, 2022|
About the Author
EDWARD CHANCELLOR is the author of Devil Take the Hindmost: A History of Financial Speculation, a New York Times “Notable Book of the Year,” and the specialist report Crunch-Time for Credit?, a prescient analysis of the credit boom in the US and UK. Chancellor has also edited two investment books, Capital Account and Capital Returns.
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