The Origins of Value: The Financial Innovations That Created Modern Capital Markets

From the invention of interest in Mesopotamia and the origin of paper money in China, to the creation of mutual funds, inflation indexed bonds, and global financial securities, here is a sweeping survey of financial innovations that have changed the world Written by a distinguished group of experts including Robert Shiller, Niall Ferguson, Valerie Hansen, and many othersFrom the invention of interest in Mesopotamia and the origin of paper money in China, to the creation of mutual funds, inflation indexed bonds, and global financial securities, here is a sweeping survey of financial innovations that have changed the world Written by a distinguished group of experts including Robert Shiller, Niall Ferguson, Valerie Hansen, and many others and wonderfully illustrated with over one hundred color photographs of landmark financial documents including the first paper money , The Origins of Value traces the evolution of finance through 4,000 years of history Readers see how and why many of our most important financial tools and institutions loans, interest rates, stocks, bonds, mutual funds, the corporation, and the New York Stock Exchange, to name a few came into being We see, for instance, how ancient Rome developed an early form of equity finance that resembles the modern corporation and read about the first modern corporation the Dutch East India Company and its innovative means of financing the exploration and expansion of European business ventures around the globe We also meet remarkable financial innovators, such as the 13th century Italian Fibonacci of Pisa, whose mathematics of money became the foundation for later developments in the technology of Western European finance and may explain why the West surpassed the East in financial sophistication And we even discover a still surviving perpetuity dating from the Dutch Age of Reason an instrument that has been paying interest since the mid 17th century Placing our current age of financial revolution in fascinating historical perspective, The Origins of Value tells a remarkable story of invention, illuminating many key episodes in the course of financial history.
The Origins of Value The Financial Innovations That Created Modern Capital Markets From the invention of interest in Mesopotamia and the origin of paper money in China to the creation of mutual funds inflation indexed bonds and global financial securities here is a sweeping surv

  • Title: The Origins of Value: The Financial Innovations That Created Modern Capital Markets
  • Author: William N. Goetzmann
  • ISBN: 9780195175714
  • Page: 170
  • Format: Hardcover
  • 1 thought on “The Origins of Value: The Financial Innovations That Created Modern Capital Markets”

    1. This book is an edited collection of original papers on the history of financial innovations. It appears to have been a prelude to Goetzmann's recent book "Money Changes Everything". The authors are all top scholars, doing original research, and contributing chapters in this book about their work. The chapters all read well, which suggests that writing well is valued in this area and/or that Oxford has contributed some editing resources. Either way is fine with me.The focus of the collection is [...]

    2. An illustrated tour of financial history This beautifully illustrated coffee table book takes readers on a journey through the history of finance, with scenic stops to view the details of Babylonian loan agreements, the calligraphy of Chinese contracts, the currencies of John Law and even King Leopold II’s deathbed marriage to a prostitute. Numerous experts, including Niall Ferguson and Robert J. Shiller, contributed individual essays, so the style and general quality of the text varies from c [...]

    3. A very well researched and well written coffee-table book. Plenty of interesting historical annecdotes in the development of modern capital markets which go all the way back to the ancient Babylonians.

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