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Wed 10 Oct 2008Low-down on filthy lucre from cowrie shells to subprime
BOOK OF THE DAY: Michael Caseyreviews The Ascent of Money: a financial history of the world By Niall Ferguson Allen Lane 397pp; £25
NIALL FERGUSON has written a fascinating, accessible, and important book that lives up to its rather grandiose title. It traces the development of money and finance from prehistoric times right up to the present financial turmoil. It goes from cowrie shells to mortgage-backed securities, and everything in between.
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