The Price of Time is popular PDF and ePub book, written by Edward Chancellor in 2022-08-16, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Price of Time can be Read Online from any device for your convenience.

The Price of Time Book PDF Summary

A comprehensive and profoundly relevant history of interest from one of the world’s leading financial writers, The Price of Time explains our current global financial position and how we got here In the beginning was the loan, and the loan carried interest. For at least five millennia people have been borrowing and lending at interest. The practice wasn’t always popular—in the ancient world, usury was generally viewed as exploitative, a potential path to debt bondage and slavery. Yet as capitalism became established from the late Middle Ages onwards, denunciations of interest were tempered because interest was a necessary reward for lenders to part with their capital. And interest performs many other vital functions: it encourages people to save; enables them to place a value on precious assets, such as houses and all manner of financial securities; and allows us to price risk. All economic and financial activities take place across time. Interest is often described as the “price of money,” but it is better called the “price of time:” time is scarce, time has value, interest is the time value of money. Over the first two decades of the twenty-first century, interest rates have sunk lower than ever before. Easy money after the global financial crisis in 2007/2008 has produced several ill effects, including the appearance of multiple asset price bubbles, a reduction in productivity growth, discouraging savings and exacerbating inequality, and forcing yield starved investors to take on excessive risk. The financial world now finds itself caught between a rock and a hard place, and Edward Chancellor is here to tell us why. In this enriching volume, Chancellor explores the history of interest and its essential function in determining how capital is allocated and priced.

Detail Book of The Price of Time PDF

The Price of Time
  • Author : Edward Chancellor
  • Release : 16 August 2022
  • Publisher : Grove Press
  • ISBN : 9780802160072
  • Genre : Business & Economics
  • Total Page : 375 pages
  • Language : English
  • PDF File Size : 8,6 Mb

If you're still pondering over how to secure a PDF or EPUB version of the book The Price of Time by Edward Chancellor, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.

Get Book

The Price of Time

The Price of Time Author : Edward Chancellor
Publisher : Grove Press
File Size : 36,5 Mb
Get Book
A comprehensive and profoundly relevant history of interest from one of the world’s leading financ...

This Time Is Different

This Time Is Different Author : Carmen M. Reinhart,Kenneth S. Rogoff
Publisher : Princeton University Press
File Size : 28,5 Mb
Get Book
A comprehensive look at international financial crises that puts more recent economic meltdowns into...

Capital Returns

Capital Returns Author : Edward Chancellor
Publisher : Springer
File Size : 43,9 Mb
Get Book
We live in an age of serial asset bubbles and spectacular busts. Economists, policymakers, central b...

Pattern Price and Time

Pattern  Price and Time Author : James A. Hyerczyk
Publisher : John Wiley & Sons
File Size : 54,6 Mb
Get Book
An updated look at applying W. D. Gann's controversial trading concepts to all major markets W. D. G...

Payback Time

Payback Time Author : Phil Town
Publisher : Crown Currency
File Size : 38,5 Mb
Get Book
Don’t get mad, get even… Phil Town’s first book, the #1 New York Times bestseller Rule #1, was...

Make Time

Make Time Author : Jake Knapp,John Zeratsky
Publisher : Crown Currency
File Size : 54,8 Mb
Get Book
From the New York Times bestselling authors of Sprint comes “a unique and engaging read about a pr...

Stop Checking The Price

Stop Checking The Price Author : J. F. Dodaro
Publisher : First Principles Publishing
File Size : 50,5 Mb
Get Book
Do you check your account every day and feel like you're always losing money? Worried the next reces...

The Price You Pay for College

The Price You Pay for College Author : Ron Lieber
Publisher : HarperCollins
File Size : 39,5 Mb
Get Book
Named one of the best books of 2021 by NPR New York Times Bestseller and a New York Times Book Revie...