Description
Book SynopsisModern history shows that a nation''s success largely depends on the way it manages its money. But where do money and politics meet? From 1700 to the present day, Niall Ferguson offers a bold and original analysis of the evolution of today''s economic and political landscape. Far from being driven by the profit motive alone, our recent history, as Ferguson makes brilliantly clear, has also been made by potent and often conflicting human impulses - sex, violence and the desire for power.
In this dazzling, powerful and controversial explanation of modern world history and the fundamental force that lurks behind it all, Niall Ferguson answers the big questions about finance and its crucial place in bringing happiness and despair, warfare and welfare, boom and crash to nations buffeted by the onward march of history.
''A marvellous combination of persuasion and provocation ... The Cash Nexus has enough ideas for a dozen books'' Martin Daunton, History Today
''The Cash Nexus is ... packed with intriguing arguments and controversial propositions ... [an] outstanding book'' Frank McLynn, Independent
''Ferguson is one of the most technically accomplished historians writing today ... The Cash Nexus offers an important corrective to the naïve story of economic growth'' Robert Skidelsky, New York Review of Books
Table of ContentsPart 1 Spending and taxing: the rise and fall of the warfare state; "hateful taxes"; the Commons and the castle -representation and administration. Part 2 Promises to pay: mountains of the moon - public debts; the money printers - default and debasement; of interest. Part 3 Economic politics: dead weights and tax-eaters - the social history of finance; the myth of the feelgood factor; the Silverbridge syndrome - electoral economics. Part 4 Global power: masters and plankton - financial globalization; golden fetters, paper chains - international monetary regimes; the American wave - democracy's flow and ebb; fractured unities; understretch - the limits of economic power; conclusion.
