The Price of Time: The Real Story of Interest [Paperback] [Sep 07, 2023] Chancel

The Price of Time: The Real Story of Interest [Paperback] [Sep 07, 2023] Chancel

The Price of Time: The Real Story of Interest [Paperback] [Sep 07, 2023] Chancellor, Edward\n\nThe Price of Time: The Real Story of Interest [Paperback] [Sep 07, 2023] Chancellor, Edward by Edward Chancellor\n\n The first book of the next crisis. A history of interest rates by a leading financial commentator, updated with a new postscript.\n\nWinner of the 2023 Hayek Book Prize\nLonglisted for the 2022 Financial Times Business Book of the Year Award\n\nAll economic and financial activities take place across time. Interest coordinates these activities. The story of capitalism is thus the story of interest: the price that individuals, companies and nations pay to borrow money.\n\nIn The Price of Time, Edward Chancellor traces the history of interest from its origins in ancient Mesopotamia, through debates about usury in Restoration Britain and John Law ' s ill-fated Mississippi scheme, to the global credit booms of the twenty-first century. We generally assume that high interest rates 5

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