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Paper Promises: Debt, Money, and the New World Order (9781610391269): Philip Coggan: Books. Financial Times Bold and confident ... Coggan covers the terrain with characteristic calmness and objectivity, avoids over-simplification, and laces his arguments with his trademark erudition ... The alphabet soup of acronyms, from SIVs to CDO Squareds, is blissfully lacking ... Finally, the book is free from the shrieking ideology that afflicts virtually all contemporary debates over money. Indeed, it offers a clear explanation of the fresh ideological divisions that have arisen over how to deal with the crisis ... the book should be taken very seriously.Publishers Weekly, October 31, 2011 “Coggan traces ‘history’s tug of war between monetary shortage and excess’ in this engaging and timely book about the current financial crisis…. Thoughtful and thorough.”Kirkus, November 15, 2011 “Comprehensive…. A helpful analysis for anyone who wants to know how the world got into the present financial mess, which issues need to be addressed and what the consequences might be.”Nassim Nicholas Taleb, author of The Black Swan “This book stands way above anything written on the present economic crisis.”Joshua Rauh, Kellogg School of Management, Northwestern University A compelling sketch of how the indebtedness of much of the developed world will eventually unravel. Rapid credit creation has always been a double-edged sword, associated with economic growth and democratic expansion of opportunity, but also inevitably leading to asset bubbles. In Paper Promises, history serves as a guide for the new order.Tim Harford, author of Adapt and The Undercover Economist “This is a remarkable book from one of the most respected economics journalists on the planet. Every page brings a fresh insight or a new surprise. A delight.”Financial Times“[Coggan] covers terrain with characteristic calmness and objectivity, avoids over-simplification, and laces his arguments with his trademark erudition…. The book is free from the shrieking ideology that afflicts virtually all contemporary debates over money. Indeed, it offers a clear explanation of the fresh ideological divisions that have arisen over how to deal with the crisis… Paper Promises shows that both Occupy and the Tea Party have real reason to be angry… The book should be taken very seriously.” New StatesmanWriting with a lucidity that enables him to convey deep insights without a trace of jargon…. [Paper Promises is] the most illuminating account of the financial crisis to appear to date.” Times of London“A smart and witty analysis of the current economic storm, set in the context of the history of money.” Irish Examiner“Philip Coggan is a well-known financial journalist…. He now proves to be an exceptional banking and economic historian.” Management Today (UK)“Fascinating and authoritative, with the rigour and depth to satisfy an economist and the accessibility and pace to engage the layperson … If everyone read Coggan’s book we might just be a little more circumspect if and when the next burst of irrational exuberance overtakes the economy” Independent (UK)“In this context of mildly hysterical panic in financial circles, Philip Coggan's book adds a welcome note of calm analysis.”Tyl[6829] Philip Coggan is the Buttonwood columnist of the Economist. Previously, he worked for the Financial Times for twenty years, most recently as investment editor. Among his books are The Money Machine, a guide to the city of London that is still in print in the UK after twenty-five years, and The Economist Guide to Hedge Funds.
Shipping Weight: 2 pounds
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