BBC economics editor Stephanie Flanders examines how three extraordinary thinkers, Keynes, Hayek and Marx, helped shape the 20th century.
Runtime: 60 minutes
Masters of Money - The Ascent of Money - Netflix
The Ascent of Money: A Financial History of the World is a 2008 book by Harvard professor Niall Ferguson, and an adapted television documentary for Channel 4 (UK) and PBS (US), which in 2009 won an International Emmy Award. It examines the long history of money, credit, and banking.
Masters of Money - Critical acclaim - Netflix
Michael Hirsh of The New York Times glowingly mentions that “Ferguson takes us on an often enlightening and enjoyable spelunking tour through the underside of great events, a lesson in how the most successful great powers have always been underpinned by smart money”. The Guardian's book review also lavishes praise on Ferguson's efforts by mentioning that he mirrors Jacob Bronowski's The Ascent of Man (1973) by positioning financial markets as 'the mirror of mankind', magnifying back to us our values, weaknesses and psychoses". The Economist compliments the timing of the book's release at the height of the financial crisis by saying that “The world needs a book that puts today's crisis into context. It is too late now to warn investors about expensive houses and financiers about cheap credit. But perhaps the past can help make sense of the wreckage of banks, brokers and hedge funds that litters the markets. Looking back may help suggest what to do next. And when the crisis is over and it is time for the great reckoning, the lessons of history should inform the arguments about what must change”.
Masters of Money - References - Netflix