The End of Alchemy

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

New edition

Paperback (09 Mar 2017)

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Publisher's Synopsis

'A fearless and important book . . . The End of Alchemy isn't just an elegant guide to the history of economic ideas. It also gives a genuine insider's account' Telegraph

The past twenty 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?

About the Publisher

Abacus

Abacus

Abacus is home to some of the world?s most renowned authors, including Donna Tartt, Gore Vidal, Jane Gardam, Primo Levi and Beryl Bainbridge. In 2013, we celebrated our 40th anniversary with the reissue of 18 of our classic books ? a wonderfully diverse collection ranging from Douglas Coupland?s Generation X and Iain Banks? The Wasp Factory, to Tom Holland?s Rubicon and Alexander McCall Smith?s The No. 1 Ladies Detective Agency. Originally a non-fiction list with something of an ecological flavour, Abacus has evolved over the years to become one of the most renowned homes for quality fiction and non-fiction, and one with a particularly strong tradition in bestselling memoirs, notably Nelson Mandela's Long Walk to Freedom and historian William Woodruff's double No. 1 bestsellers The Road to Nab End and Beyond Nab End. Our non-fiction publishing grew further with the publication of books by some of the most influential writers in their fields, such as Tim Harford, Gillian Tett and Tom Holland, and our fiction publishing continues to go from strength to strength, driven by a new generation of novelists like Kevin Maher and A. D. Miller, who sit alongside global bestsellers like Anita Shreve and Candace Bushnell.

Book information

ISBN: 9780349140674
Publisher: Little, Brown
Imprint: Abacus
Pub date:
Edition: New edition
DEWEY: 332.1
DEWEY edition: 23
Language: English
Number of pages: xxxii, 430
Weight: 370g
Height: 198mm
Width: 128mm
Spine width: 30mm