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Extreme Money: The Masters of The Universe and The Cult of Risk

0/5 ( ratings)

An easy-to-understand analysis of how money works, and of the recent global financial crisis Key Features/Quotes Longlisted for the 2011 FT and Goldman Sachs Business Book of the Year award Written by an expert in the field with over thirty years' experience Part history, part book of financial quotations, part cautionary tale, part text book'-Financial Times 'The best book yet to come out of the financial crisis. Satyajit Das is a graceful, witty writer, with an unusually broad range of reference. He is also a long-time master of the arcana of the netherworlds of finance, and nicely balances historical sweep with illuminating detail. Extreme Money is lively, scathing, and wise.'- Charles Morris, author of The Two Trillion Dollar Meltdown: Easy Money About the Book: Extreme Money: The Masters of the Universe and the Cult of Risk The human race created money and finance. But our inventions re-create us. Mankind mistook money-a lubricant of society and human wellbeing-for an end in itself. Finance, the monetary shadow of real things, came to dominate human reality. Extreme Money tells the story of how this happened-and, in so doing, it tells the story of the modern world. Bestselling author Satyajit Das draws on 33 years of personal experience at the heart of modern global finance to narrate this story. Das reveals the spectacular, dangerous money games that have generated increasingly massive bubbles of fake growth, Ponzi prosperity, sophistication, and wealth-while endangering the jobs, possessions, and futures of virtually everyone outside the financial industry. You'll learn how everything from home mortgages to climate change has become financialized, as vast fortunes are generated by individuals who build nothing of lasting value. Das shows how "extreme money" has become even more unreal; how "voodoo banking" continues to generate massive phony profits even now; and how a new generation of "Masters of the Universe" has come to dominate the world. About the A

Pages: 536

Format: Hardcover

Publisher: Penguin India

Release: October 24, 2011

ISBN: 0670086088

ISBN 13: 0670086088

Extreme Money: The Masters of The Universe and The Cult of Risk

0/5 ( ratings)

An easy-to-understand analysis of how money works, and of the recent global financial crisis Key Features/Quotes Longlisted for the 2011 FT and Goldman Sachs Business Book of the Year award Written by an expert in the field with over thirty years' experience Part history, part book of financial quotations, part cautionary tale, part text book'-Financial Times 'The best book yet to come out of the financial crisis. Satyajit Das is a graceful, witty writer, with an unusually broad range of reference. He is also a long-time master of the arcana of the netherworlds of finance, and nicely balances historical sweep with illuminating detail. Extreme Money is lively, scathing, and wise.'- Charles Morris, author of The Two Trillion Dollar Meltdown: Easy Money About the Book: Extreme Money: The Masters of the Universe and the Cult of Risk The human race created money and finance. But our inventions re-create us. Mankind mistook money-a lubricant of society and human wellbeing-for an end in itself. Finance, the monetary shadow of real things, came to dominate human reality. Extreme Money tells the story of how this happened-and, in so doing, it tells the story of the modern world. Bestselling author Satyajit Das draws on 33 years of personal experience at the heart of modern global finance to narrate this story. Das reveals the spectacular, dangerous money games that have generated increasingly massive bubbles of fake growth, Ponzi prosperity, sophistication, and wealth-while endangering the jobs, possessions, and futures of virtually everyone outside the financial industry. You'll learn how everything from home mortgages to climate change has become financialized, as vast fortunes are generated by individuals who build nothing of lasting value. Das shows how "extreme money" has become even more unreal; how "voodoo banking" continues to generate massive phony profits even now; and how a new generation of "Masters of the Universe" has come to dominate the world. About the A

Pages: 536

Format: Hardcover

Publisher: Penguin India

Release: October 24, 2011

ISBN: 0670086088

ISBN 13: 0670086088

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