Search results for ""Author Thomas Levenson""

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Book SynopsisA Financial Times Economics Book of the Year A brilliant narrative of early capitalism's most famous scandal, a speculative frenzy that nearly bankrupted the British state during the hot summer of 1720 – and paradoxically led to the birth of modern finance. The South Sea Company was formed to trade with Asian and Latin American countries. But it had almost no ships and did precious little trade. Instead it got into financial fraud on a massive scale, taking over the government's debt and promising to pay the state out of the money received from the shares it sold. And how they sold. In the summer of 1720 the share price rocketed and everyone was making money. Until the carousel stopped, and thousands lost their shirts. Isaac Newton, Alexander Pope and others lost heavily. Thomas Levenson's superb account of the South Sea Bubble is not just the story of a huge scam, but is also the story of the birth of modern financial capitalism: the idea that you can invest in future prosperity and that governments can borrow money to make things happen, like funding the rise of British naval and mercantile power. These dreamers and fraudsters may have bankrupted Britain, but they made the world rich. Praise for Money For Nothing: 'A scholar who makes complicated and subtle matters not just accessible but fun. Utterly relevant to the 2008 financial crisis and 2020 pandemic' SIMON SEBAG MONTEFIORE 'Thoroughly researched and vibrantly written, Money For Nothing captures those heady, heartbreaking times, which still hold lessons for today' DAVID KAISER 'A gripping story of scientists and swindlers, all too pertinent to our modern world' JAMES GLEICK 'It's easy to look back and think of the South Sea bubblers, like the tulip-mad Dutch of the 1630s, as financially naive – until you remember how many people jumped in on various other more recent crazes (from Beanie Babies to Pets.com and Bitcoin). This is not a new tale, but Levenson tells it with a light touch' SPECTATORTrade ReviewSuperb, fascinating and totally timely, Money for Nothing is a gripping history of the South Sea Bubble by a scholar who makes complicated and subtle matters not just accessible but fun – the story of a world crisis with a flashy cast of grifters, scientists, politicians and charlatans that Levenson makes utterly relevant to the 2008 financial crisis and 2020 pandemic. Essential reading -- Simon Sebag MontefioreDoes a stockmarket crash and a plague sound somehow familiar? Leverson's new book is proof – very cleverly told – of how enlightening history can be. There is no excuse not to learn from the past -- Andrea WulfInspired by Isaac Newton's example, clever schemers sought to conquer the chaos of human affairs by abstracting financial value from tangible goods. Their calculations unleashed the notorious South Sea Bubble, which destroyed fortunes and roiled nations. Thoroughly researched and vibrantly written, Money for Nothing captures those heady, heartbreaking times, which still hold lessons for today -- David KaiserThomas Levenson is a brilliant synthesizer with a grand view of history. Here is the birth of modern finance amid catastrophe and fraud – a gripping story of scientists and swindlers, all too pertinent to our modern world -- James GleickA brilliant history of the South Sea Bubble, an astounding episode from the early days of financial markets that to this day continues to intrigue and perplex historians. Deeply researched and featuring a colorful cast of characters out of 18th century England – mathematical geniuses, unscrupulous financiers, greedy aristocrats, venal politicians – Money for Nothing is narrative history at its best, lively and fresh with new insights -- Liaquat AhamedThis erudite and entertaining history offers a fresh take on high finance * Publishers Weekly *An enthralling account of an economic revolution that emerged from a scandal * Kirkus Reviews *Levenson is very fluent in his descriptions... This is not a new tale, but Levenson tells it with a light touch' * Spectator *The book has helped me better understand a number of different institutions... If you want an embarkation point from which to understand the history of the City of London as a financial rather than simply mercantile or population centre then this book is a useful one, and one to whet your appetite' * London Historian's Blog. *A vivid account of the development of share trading in the coffee shops of Exchange Alley in the City, with fascinating asides such as Newton's extraordinarily modern management techniques when running the Royal Mint... A compelling read' * Financial Times. *Levenson is a talented writer * Money Week *A beautifully written account of the seminal bubble of capitalism * Financial Times *Levenson is a talented writer who does a good job explaining the complicated nature of the South Sea Company and how it paradoxically saved the British state from bankruptcy * Money Week *Levenson explored the murky tale in a wide ranging study of political intrigue, cultural attitudes and – his strength as a historian of science – the emergence of mathematical reasoning about the value of assets * BBC History Magazine *Levenson is very good on the deep history of the bubble... Building on recent scholarship and especially the work of his MIT colleague William Deringer, Levenson proposes instead that we see the era's scientific accomplishments and speculative bubbles as equal manifestations of a newly mathematical way of knowing and being' * TLS *

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Book SynopsisThe captivating, all-but-forgotten story of Isaac Newton, Albert Einstein, and the search for a planet that never existed For more than fifty years, the world’s top scientists searched for the “missing” planet Vulcan, whose existence was mandated by Isaac Newton’s theories of gravity. Countless hours were spent on the hunt for the elusive orb, and some of the era’s most skilled astronomers even claimed to have found it. There was just one problem: It was never there. In The Hunt for Vulcan, Thomas Levenson follows the visionary scientists who inhabit the story of the phantom planet, starting with Isaac Newton, who in 1687 provided an explanation for all matter in motion throughout the universe, leading to Urbain-Jean-Joseph Le Verrier, who almost two centuries later built on Newton’s theories and discovered Neptune, becoming the most famous scientist in the world. Le Verrier attempted to surpass that triumph by p

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Book SynopsisThe centuries-long quest to discover the critical role of germs in disease reveals as much about human reasoning?and the pitfalls of ego?as it does about microbes.?Essential reading . . . Thomas Levenson brings to brilliant life the social history of medical detective work and illuminates the fascinating world of pathogenic microbes.??Deborah Blum, New York Times bestselling author of The Poison SquadScientists and enthusiastic amateurs first confirmed the existence of living things invisible to the human eye in the late seventeenth century. So why did it take two centuries to connect microbes to disease? As late as the Civil War in the 1860s, most soldiers who perished died not on the battlefield but of infected wounds, typhoid, and other diseases. Twenty years later, the outcome might have been different, following one of the most radical intellectual transformations in history: germ theory, the recognition that the tiniest forms of life have been humankind?s greatest killers. It was a discovery centuries in the making, and it transformed modern life and public health.As Thomas Levenson reveals in this globe-spanning history, it has everything to do with how we see ourselves. For centuries, people in the West, believing themselves to hold God-given dominion over nature, thought too much of humanity and too little of microbes to believe they could take us down. When nineteenth-century scientists finally made the connection, life-saving methods to control infections and contain outbreaks soon followed. The next big break came with the birth of the antibiotic era in the 1930s. And yet, less than a century later, the promise of the antibiotic revolution is already receding due to years of overuse. Is our self-confidence getting the better of us again?So Very Small follows the thread of human ingenuity and hubris across centuries?along the way peering into microscopes, spelunking down sewers, visiting army hospitals, traipsing across sheep fields, and more?to show how we came to understand the microbial environment and how little we understand ourselves. Levenson traces how and why ideas are pursued, accepted, or ignored?and hence how human habits of mind can, so often, make it terribly hard to ask the right questions.

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Book SynopsisIn 1665, an infectious disease swept through the British capital and claimed the lives of tens of thousands of people. The Great Plague of London haunted the memories of those who survived it. But it would take another two hundred years for the cause of this illness to be discovered: a small but powerful bacterium called Yrsina pestis. In those centuries, our understanding of diseases was transformed.So Very Small is a brilliant journey through the epic history of bacteria, microbes and germs. Spanning centuries and continents, it draws on significant world events the recurrent outbreaks of plague in Europe and Asia, the 1721 Boston smallpox outbreak, the great cholera pandemics of the 19th century as well as the pioneering scientific discoveries that have furthered our understanding of bacteria. The compelling narrative culminates in a great medical breakthrough, the development of antibiotic treatment that has been the salvation of much of humanity in the twentieth century. Levenson also describes the medical and conceptual prejudices that so often delayed scientists' ability to conquer infectious diseases. We still race today to stay ahead of strains of bacteria that are rapidly evolving.Fascinating and immersive, So Very Small is an entertaining, well written and deeply researched history of the scientific quest to understand how tiny organisms have impacted the wider world.

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Book SynopsisAlready famous throughout Europe for his theories of planetary motion and gravity, Isaac Newton decided to take on the job of running the Royal Mint. And there, Newton became drawn into a battle with William Chaloner, the most skilful of counterfeiters, a man who not only got away with faking His Majesty''s coins (a crime that the law equated with treason), but was trying to take over the Mint itself. But Chaloner had no idea who he was taking on. Newton pursued his enemy with the cold, implacable logic that he brought to his scientific research. Set against the backdrop of early eighteenth-century London with its sewers running down the middle of the streets, its fetid rivers, its packed houses, smoke and fog, its industries and its great port, this dark tale of obsession and revenge transforms our image of Britain''s greatest scientist.

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