The End of Alchemy : Money, Banking and the Future of the Global Economy - Mervyn King

The End of Alchemy

Money, Banking and the Future of the Global Economy

By: Mervyn King

Paperback | 9 March 2017 | Edition Number 1

At a Glance

Paperback


Limited Stock Available

RRP $22.99

$21.90

or 4 interest-free payments of $5.47 with

In Stock and Aims to ship in 1-2 business days

When will this arrive by?

The former Governor of the Bank of England argues for fundamental changes to the financial system in order to reduce the risk of a new crisis.

The past twenty years saw unprecedented growth and stability followed by the worst financial crisis the industrialised world has ever witnessed. In the space of little more than a year what had been seen as the age of wisdom was viewed as the age of foolishness. Almost overnight, belief turned into incredulity.

Most accounts of the recent crisis focus on the symptoms and not the underlying causes of what went wrong. But those events, vivid though they remain in our memories, comprised only the latest in a long series of financial crises since our present system of commerce became the cornerstone of modern capitalism. Alchemy explains why, ultimately, this was and remains a crisis not of banking - even if we need to reform the banking system - nor of policy-making - even if mistakes were made - but of ideas.

In this refreshing and vitally important book, former governor of the Bank of England Mervyn King - an actor in this drama - proposes revolutionary new concepts to answer the central question: are money and banking a form of Alchemy or are they the Achilles heel of a modern capitalist economy?

About the Author

Mervyn King was Governor of the Bank of England from 2003 to 2013, and is currently Professor of Economics and Law at New York University and School Professor of Economics at the London School of Economics. Lord King was made a life peer in 2013, and appointed by the Queen a Knight of the Garter in 2014.
Industry Reviews
An exceptionally thought-provoking book and might even become a modern landmark once its many fresh ideas have percolated - Independent

Wide ranging, historically informed and elegantly written . . . Like Keynes he is well aware that economics is in the end about people . . . Life is an art, not a science, and this richly rewarding treatise confirms that truth - Guardian

This book might just save the world - Bloomberg

A fearless and important book . . . The End of Alchemy isn't just an elegant guide to the history of economic ideas. It also gives a genuine insider's account - Telegraph

More in Economics

Equality : What It Means and Why It Matters - Thomas Piketty
The Bookseller at the End of the World - Ruth Shaw
Technofeudalism : What Killed Capitalism - Yanis Varoufakis

RRP $24.99

$23.75

Humankind : A Hopeful History - Rutger Bregman

RRP $24.99

$23.75

Bullshit Jobs : A Theory - David Graeber

RRP $24.99

$23.75

Quantitative Methods for Business (Custom Edition) : 3rd Edition - Mark Berenson
The Road to Freedom : Economics and the Good Society - Joseph Stiglitz
Traction : Get a Grip on Your Business - Gino Wickman

RRP $34.99

$31.75