The Price of Time: The Real Story of Interest

$15.99

The Price of Time: The Real Story of Interest
Authors: Edward Chancellor
Year: 2022
Publisher: Grove Atlantic
Language: english
ISBN 13: 9780802160072
ISBN 10: 802160077
Categorie: Business and Economics, Professional Finance
Pages:
Edition:

Availability: 5000 in stock

The Price of Time: The Real Story of Interest Edward Chancellor
A comprehensive and profoundly relevant history of interest from one of the world’s leading financial writers, The Price of Time explains our current global financial position and how we got here In the beginning was the loan, and the loan carried interest. For at least five millennia people have been borrowing and lending at interest. The practice wasn’t always popular—in the ancient world, usury was generally viewed as exploitative, a potential path to debt bondage and slavery. Yet as capitalism became established from the late Middle Ages onwards, denunciations of interest were tempered because interest was a necessary reward for lenders to part with their capital. And interest performs many other vital functions: it encourages people to save; enables them to place a value on precious assets, such as houses and all manner of financial securities; and allows us to price risk.All economic and financial activities take place across time…. Categories:
Business & Economics – Professional Finance
Year:
2022
Publisher:
Grove Atlantic
Language:
english
ISBN 10:
0802160077
ISBN 13:
9780802160072
File:
8.16 MB

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The Price of Time: The Real Story of Interest
$15.99

Availability: 5000 in stock