A sweeping history that tracks the development of trade and industry across the world, from Ancient Rome to today. From the development of international trade fairs in the twelfth century to the innovations made in China, India, and the Arab world, it turns out that historical economies were much more sophisticated that we might imagine, tied together by webs of credit and financial instruments much like our modern economy. Here, Philip Coggan takes us from the ancient mountains of North Wales through Grand Central station and the great civilizations of Mesopotamia to the factories of Malaysia, showing how changes in agriculture, finance, technology, work, and demographics have driven the progress of human civilization. It's the story of how trade became broader and deeper over thousands of years; how governments have influenced economies, for good or ill; and how societies have repeatedly tried to tame, and harness, finance. More shows how, at every step of our long journey, it was the connection between people that resulted in more trade, more specialization, more freedom, and ultimately, more prosperity.
We spend a lot of our time at work and would be depressed with nothing to do. But when it gets to Monday, many of us are already longing for the weekend and the prospect of escape. How did work become so tedious and stressful? And is there anything we can do to make it better? Based on his popular Economist Bartleby column, Philip Coggan rewrites the rules of work to help us survive the daily grind. Ranging widely, he encourages us to cut through mindless jargon, pointless bureaucracy and endless meetings to find a new, more creative - and less frustrating - way to get by and get on at work. Incisive, original, and endlessly droll, this is the guide for beleaguered underlings and harried higher-ups alike. As Rousseau might have said: "Man was born free, but is everywhere stuck in a meeting." If you've ever thought there must be a better way, this is the book for you.
The world is drowning in debt, in paper promises. Can we stay afloat? In his masterful new book, Philip Coggan shows how the current financial crisis has very deep roots indeed - in the very nature of money itself. Societies from ancient Greece to revolutionary France have experimented with all kinds of money, from seashells to tobacco, before finally settling on the paper version we have come to know so well. What exactly is money? How has its function changed over decades and centuries? What purpose did the gold standard actually serve? Why, for that matter, is gold still worth anything? Who are the world's real creditors and debtors today? Above all, what promises do we need to believe to stop the whole system falling apart?We take for granted so much about the current financial system. Only by going back to the beginning - to first principles and to our history - can we comprehend where all this debt has come from, and its very serious consequences now. In doing so, Philip Coggan examines the flawed structure of the global finance system as it exists today, and shows that the world is facing even deeper imbalances than we are yet grappling with. Where will the world go next? How will we get out of the debt crisis? The answers can only be found in surprising places from Mississippi swamps, through Chinese economic strategy, to the Wizard of Oz. The way that our paper promises are kept or broken will determine our future. Before we can solve the debt crisis, we need to understand what is going on.
Winner of the Spear's Best Business Book Award Longlisted for the 2012 Financial Times and Goldman Sachs Business Book of the Year Award For the past forty years western economies have splurged on debt. Now, as the reality dawns that many debts cannot be repaid, we find ourselves again in crisis. But the oncoming defaults have a time-worn place in our economic history. As with the crises in the 1930s and 1970s, governments will fall, currencies will lose their value, and new systems will emerge. Just as Britain set the terms of the international system in the nineteenth century, and America in the twentieth century, a new system will be set by today's creditors in China and the Middle East. In the process, rich will be pitted against poor, young against old, public sector workers against taxpayers and one country against another. In Paper Promises, Economist columnist Philip Coggan helps us to understand the origins of this mess and how it will affect the new global economy by explaining how our attitudes towards debt have changed throughout history, and how they may be about to change again.
The Last Vote is a wake-up call showing why we cannot afford to take democracy for granted, from Philip Coggan, award-winning author of Paper Promises and The Money Machine Can we afford to take democracy for granted? It's now so much a part of our lives that we could be forgiven for thinking it mainly takes care of itself. Almost half the world's population now lives in a democratic state, while some Western democracies have now had universal suffrage for almost a century and have endured through even the most severe of global upheavals. In The Last Vote, Philip Coggan shows how democracy today faces threats that we ignore at our own risk. Amid the turmoil of the financial crisis, high debt levels, and an ever-growing gap between the richest and the rest, it is easy to forget that the ultimate victim could be our democracy itself. Tracing democracy's history and development, from the classical world through the revolution of the Enlightenment and on to its astounding success in the nineteenth and twentieth centuries, Coggan revisits the assumptions on which it is founded. What exactly is democracy? Why should we value it? What are its flaws? And could we do any better? The Last Vote is a wake-up call, and an illuminating defence of a system, which, in Churchill's words, is the worst possible form of government, except for all the others that have been tried. Reasoned, lucid and balanced, Coggan's argument parrots neither the agenda of left nor right, but calls for us all to work together to ensure we don't end up in an even greater mess than we're in today. Finally, he proposes ideas for change and improvement to the system itself so the next vote we cast will not be the last. Praise for Paper Promises: 'This book stands way above anything written on the present economic crisis' Nassim Taleb, author of The Black Swan 'Bold and confident... This book should be taken very seriously' John Authers, Financial Times 'The most illuminating account of the financial crisis to appear to date ... written with a lucidity that conveys deep insights without a trace of jargon' John Gray, New Statesman Philip Coggan was a Financial Times journalist for over twenty years, and is now the Buttonwood columnist for the Economist. In 2009 he was named Senior Financial Journalist in the Harold Wincott awards and was voted Best Communicator at the Business Journalist of the Year Awards. He is the author of The Money Machine, and Paper Promises, winner of the Spears Business Book of the Year Award and longlisted for the Financial Times Goldman Sachs Business Book of the Year Award.
In 1990 hedge funds managed some 39 billion of assets and were almost unknown. By 2008 that figure had grown to almost 2 trillion and hedge funds were being blamed by some for contributing to the credit crunch and demonized by others for their greed. The rise of the industry has created a new bunch of billionaires, who have made themselves rich by managing other people's money. Nowadays most people have heard the term 'hedge fund' but few are clear about what exactly a hedge fund is or what it does. This guide aims to put them in the picture with the clarity and lively prose that The Economist is famous for. It provides a succinct survey of the industry for all those who think they should know about hedge funds, but do not. It is aimed at all those who might want or have to deal with a hedge fund: private investors, trustees of a pension fund, directors of a listed company, lawyers and accountants who may be interested in working in the industry. It is also aimed at those who happily criticize hedge funds without really knowing what they do.
Who Wants to be a Millionaire? This book covers all the issues you need to consider in your quest to become rich quick, and explores the latest money spinners including: Dotcoms Spread-betting Day trading National Lottery Share options New issues
Thought Provoking is a collection of philosophically motivated thoughts that are presented using both image and text. The work contains 50 self contained thoughts that should be considered independent of each other.
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