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The End of Alchemy - Money, Banking and the Future of the Global Economy written by Mervyn King performed by Greg Wagland on MP3 CD (Unabridged)

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The End of Alchemy - Money, Banking and the Future of the Global Economy written by Mervyn King performed by Greg Wagland on MP3 CD (Unabridged)
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ISBN:  9781531864958
Genre - Main:  Non-Fiction
Genre - Specific:  Economics
Duration:  844 mins
Length:  Unabridged
Author:  Mervyn King
Narrator 1:  Greg Wagland
Rarity:  Rare

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The past 20 years saw unprecedented growth and stability followed by the worst financial crisis the industrialised world has ever witnessed. In the space of little more than a year, what had been seen as the age of wisdom was viewed as the age of foolishness. Almost overnight, belief turned into incredulity.

Most accounts of the recent crisis focus on the symptoms and not the underlying causes of what went wrong. But those events, vivid though they remain in our memories, comprised only the latest in a long series of financial crises since our present system of commerce became the cornerstone of modern capitalism.

Alchemy explains why, ultimately, this was and remains a crisis not of banking - even if we need to reform the banking system - nor of policy-making - even if mistakes were made - but of ideas.

In this refreshing and vitally important book, former governor of the Bank of England Mervyn King - an actor in this drama - proposes revolutionary new concepts to answer the central question: are money and banking a form of alchemy, or are they the Achilles heel of a modern capitalist economy?

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