Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich by Levenson, Thomas
Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich by Levenson, Thomas

Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich

The sweeping story of the world's first financial crisis: "an astounding episode from the early days of...
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$57.34 AUD
SKU: 9780812987966
Product Type: Books
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Author: Thomas Levenson
Format: Paperback
Language: English
Subtotal: $57.34
Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich by Levenson, Thomas

Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich

$57.34
Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich by Levenson, Thomas

Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich

$57.34
Author: Thomas Levenson
Format: Paperback
Language: English
Description
The sweeping story of the world's first financial crisis: "an astounding episode from the early days of financial markets that to this day continues to intrigue and perplex historians . . . narrative history at its best, lively and fresh with new insights" (Liaquat Ahamed, Pulitzer Prize-winning author of Lords of Finance)

A Financial Times Economics Book of the Year ● Longlisted for the Financial Times/McKinsey Business Book of the Year Award

In the heart of the Scientific Revolution, when new theories promised to explain the affairs of the universe, Britain was broke, facing a mountain of debt accumulated in war after war it could not afford. But that same Scientific Revolution--the kind of thinking that helped Isaac Newton solve the mysteries of the cosmos--would soon lead clever, if not always scrupulous, men to try to figure a way out of Britain's financial troubles.

Enter the upstart leaders of the South Sea Company. In 1719, they laid out a grand plan to swap citizens' shares of the nation's debt for company stock, removing the burden from the state and making South Sea's directors a fortune in the process. Everybody would win. The king's ministers took the bait--and everybody did win. Far too much, far too fast. The following crash came suddenly in a rush of scandal, jail, suicide, and ruin. But thanks to Britain's leader, Robert Walpole, the kingdom found its way through to emerge with the first truly modern, reliable, and stable financial exchange.

Thomas Levenson's Money for Nothing tells the unbelievable story of the South Sea Bubble with all the exuberance, folly, and the catastrophe of an event whose impact can still be felt today.

Author: Thomas Levenson
Publisher: Random House Trade
Published: 05/11/2021
Pages: 480
Binding Type: Paperback
Weight: 0.75lbs
Size: 8.00h x 5.10w x 1.20d
ISBN: 9780812987966

About the Author
Thomas Levenson is a professor of science writing at MIT. He is the author of several books, including The Hunt for Vulcan, Einstein in Berlin, and Newton and the Counterfeiter: The Unknown Detective Career of the World's Greatest Scientist. He has also made ten feature-length documentaries (including a two-hour Nova program on Einstein) for which he has won numerous awards.
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