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The End of Alchemy Audiobook

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

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Publisher's Summary

The past 20 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?

©2016 Mervyn King (P)2016 Little Brown Book Group

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    N. Dwyer Sussex, UK 14/11/2016
    N. Dwyer Sussex, UK 14/11/2016 Member Since 2015

    nick_dwyer

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    "Whether you agree with the author or not it's an excellent book"

    Reviews are always subjective of course but I enjoyed this book more than I thought I would. Given it's fairly recent the discussion around Greek debt, the role of the ECB and most recently Brexit are thought provoking. Brexit isn't covered but it's clear that it's a symptom of a much wider problem for the EU. Great audio book.

    0 of 0 people found this review helpful
  •  
    John 06/09/2016
    John 06/09/2016
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    "Suprised by frankness"
    What made the experience of listening to The End of Alchemy the most enjoyable?

    I had anticipated one book and got another. Anticipating a dryer tome sanitised of harsh truths, however, I received a compelling easy read with some unvarnished heavy opinions, given by a man whose opinions can be codified closer to the real world than most. Highly recommended.


    1 of 1 people found this review helpful
  •  
    Gary Watts 11/08/2016
    Gary Watts 11/08/2016 Member Since 2016
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    "Brilliant and informative book on global financed"

    Would recommend to anyone wanting to understand how global finances work and the reasons behind previous downturns. Also explains his concerns on different currencies.

    1 of 1 people found this review helpful

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