The book has a twin UK documentary series called "Ascent of Money". Later, PBS produced a shortened version of the documentary that can be accessed online for free. Both films are very illuminating and educational, thus I felt compelled by curiosity to read the prints.
The book is famous for its bold conclusion that development finance is primarily responsible for the evolution of human history. Few strong statements supporting this view jump out of the text - "Financial history, the essential backstory behind all history", "Financial innovation has been an indispensable factor in man’s advance" and "the evolution of credit and debt was as important as any technological innovation in the rise of civilization."
The author provides several short stories to illustrate his view. The banking family Medici supported the Italian Renaissance via bank loans and bond market; Dutch and British stock market contributed to the later revolution and imperial success; The French revolution was rooted in preceding stock market turmoil; and China's Qing Dynasty declined due to its inability to introduce more adaptive financing methods, and her current uprise is a result of modern finance system.
These stories can be relate to and reinforced by books that also discover the linkage between finance and societal change. For instance, the "Wall Street and Rise of Hilter" and the "Wall Street and Rise of Bolshevik" attempt to show that Hilter and Soviet Russia were first financially supported by a few wall street bankers and industry tycoons. In the book "Tradegy and Hope", professor Carrol Quigley attributes the inevitable downfall of Soviety Union to its rigid and inflexible financial system which lacks of modern credit money mechanism.
However, some questions arrive as we learn more about the book and the author. The author, Ferguson, in his preceding book, The Cash Nexus, asserts that economic factor is only partially responsible for societal change. This contention, however, contradicts what he is saying in this book. If such contradiction is logically sound, then the author must have altered his view between writing the two books. However, the rationale for such a change is not given in the book.
Moreover, the author committed a grand fallacy by treating a necessary conducive factor as a sufficient one. I do believe that finance has been playing a critical role to human soceity, but I don't think finance alone can shape the society into what it is today. In other words, development of finance is necessary to societal change, but it is wrong to say that its existence is sufficient to such change. And the author didn't even attempt to prove finance being a sufficient factor.
In terms of reasoning method, the book relies on inductive argumentations, such as generalization and causality, which are susceptible to exceptions and alternative causes. Thus, without additional information to justify the conclusion that financial development is the main driving force of human history, and reject other factors as the main force, the overall argument in this book is weak and subject to implausibility.
Lastly, the time of publication of this book, 2008, makes one to suspect the book's implied political nature. Some positions in the book seem to function as justification of the creidt crisis in 2008. They suggest that financial turmoil in 2008 is a normal piece of history-making moment in the long financial history; Crisis is bound to occur regularly throughout history, because the dying of financial institutions such as Bear Sterns and Merry Lynch simply represents a part of natural selection process in the finance industry.
Thus, one can infer from the above passage that there would be no one to blame for the 2008 crisis. Nonetheless, a few economists and politicians such as Ron Paul have pointed out that the sinner was the US central bank who inflated the bubble prior to the crisis. If Ron Paul is right, then the author's view can be argued as a diversion from the criticism of the US central bank.
Despite of these short comings, the book provides interesting stories, intrigueing ideas connecting segments of social and historical knowledge, and an vivid illustration of importance of finance to human history. To that I do not object.
By HartmannJG52
2012.10.03
对本书主旨、论证和背景的一些质疑
对“对本书主旨、论证和背景的一些质疑”的回应
《货币崛起》热门书评
-
严重不推荐。由于翻译相当糟糕,不要指望学习到正确清楚的金融知识。
53有用 1无用 Paul 2010-03-13
翻译极为糟糕,译者不仅缺乏金融知识而且英语水平有限。在讲故事的部分译文还是可以看懂的,但是一旦遇到金融操作之类的细节这种读者最关注的部分,译者根本无法理解原文,更不要说作一个可读的翻译。所以如果你看这本书时觉得云里雾里,实在是正常的结果,大不必自卑觉得自己没有金融头脑。刚刚读到这句话:中文译本73页...
-
非常好的金融史读物
20有用 2无用 peterq 2009-07-12
这本书里看到了很多人名,1、美第奇家族居然是西西里黑帮企业的鼻祖,但是美第奇家族没有采用发明与意大利的复式记账法。第一套银行系统是发源于还未统一的意大利。2、作者很尊重《货币战争》作者宋鸿兵,只是说罗斯柴尔德的神话仍在流传,宋就是一个流传作者(不考虑抄袭)。作者描述了罗斯柴尔德通过滑铁卢战争的真实收...
-
不错的入门
7有用 0无用 RobertWoo 2010-01-22
这是一本很成功的金融史教科书。各章依次介绍了银行、债券、股票、保险、房地产和跨国金融的发展历史。你会详细了解西班牙王室如何因白银而兴,又如何因白银而败;美地奇家族如何由银行业被推向巅峰;罗斯柴尔德如何从国债市场上掘去了金融帝国的第一桶金;对比世界上第一次股票泡沫(Law)和最近最大的一个泡沫(安然)...
-
对本书主旨、论证和背景的一些质疑
6有用 1无用 哈特曼 2012-10-04
The book has a twin UK documentary series called "Ascent of Money". Later, PBS produced a shortened version of the documentary that can be a...
-
对本书主旨、论证和写作背景的一些质疑
3有用 1无用 哈特曼 2012-10-05
The book has a twin UK documentary series called "Ascent of Money". Later, PBS produced a shortened version of the documentary that can be a...
书名: 货币崛起
作者: [英] 尼尔·弗格森
出版社: 中信出版社
原作名: The Ascent of Money: A Financial History of the World
译者: 高诚
出版年: 2009-6
页数: 286
定价: 39.00元
丛书: 中信金融史
ISBN: 9787508615073