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Money Changes Everything: How Finance Made Civilization Possible

Money Changes Everything: How Finance Made Civilization Possible Business Economics Vol. 52, No. 1 ª National Association for Business Economics Book Review Money Changes Everything: How often underwritten by Dutch financiers. Part IV, ‘‘The Emergence of Global Markets,’’ takes the reader into Finance Made Civilization Possible the maelstrom of the late nineteenth, twentieth, and early twenty-first centuries as global finance made its way among competing political visions in the world, all the while becoming increasingly complex and By William N. Goetzmann. 2016. Princeton: disruptive. Princeton University Press. Pp., x, 584. Part I, ‘‘From Cuneiform to Classical Civiliza- $35.00 cloth; $19.25 eBook. tion,’’ focuses on lasting contributions to the rise of civilizations in the West, starting with writing, then Business Economics (2017) 52, 76–77. cities, and culminates with a ‘‘financial architecture’’ doi:10.1057/s11369-017-0021-9 based on record keeping, contract enforcement, a numerical system that permitted compound interest calculations, and astronomical observations based on illiam N. Goetzmann’s book covers defining a calendar year of 360 days (to make interest calcu- Wepisodes in the history of finance from lations easier). This financial architecture held con- ancient Mesopotamia to the sub-prime crisis of geries of cities together in mutually beneficial trade 2008. Summarizing the key elements of finance as: networks, but then also http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business Economics Springer Journals

Money Changes Everything: How Finance Made Civilization Possible

Neal, Larry
Business Economics , Volume 52 (1): 2 – Jan 1, 2017
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Publisher
Springer Journals
Copyright
2017 National Association for Business Economics
ISSN
0007-666X
eISSN
1554-432X
DOI
10.1057/s11369-017-0021-9
Publisher site
See Article on Publisher Site

Abstract

Business Economics Vol. 52, No. 1 ª National Association for Business Economics Book Review Money Changes Everything: How often underwritten by Dutch financiers. Part IV, ‘‘The Emergence of Global Markets,’’ takes the reader into Finance Made Civilization Possible the maelstrom of the late nineteenth, twentieth, and early twenty-first centuries as global finance made its way among competing political visions in the world, all the while becoming increasingly complex and By William N. Goetzmann. 2016. Princeton: disruptive. Princeton University Press. Pp., x, 584. Part I, ‘‘From Cuneiform to Classical Civiliza- $35.00 cloth; $19.25 eBook. tion,’’ focuses on lasting contributions to the rise of civilizations in the West, starting with writing, then Business Economics (2017) 52, 76–77. cities, and culminates with a ‘‘financial architecture’’ doi:10.1057/s11369-017-0021-9 based on record keeping, contract enforcement, a numerical system that permitted compound interest calculations, and astronomical observations based on illiam N. Goetzmann’s book covers defining a calendar year of 360 days (to make interest calcu- Wepisodes in the history of finance from lations easier). This financial architecture held con- ancient Mesopotamia to the sub-prime crisis of geries of cities together in mutually beneficial trade 2008. Summarizing the key elements of finance as: networks, but then also

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Business Economics – Springer Journals

Published: Jan 1, 2017

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