Description
Edward Chancellor's brilliant, comprehensive history of interest rates—from Mesopotamia to the modern era of near-zero rates—provides the most complete and most readable single-volume account of how the cost of money has shaped everything from the Roman Empire to the 2008 financial crisis. Written with the authority of a financial historian who has spent his career studying the relationship between credit, capital, and civilizational development, this is essential reading for every student of financial history and every investor trying to understand the era they inhabit. A genuinely important work.
