Paper Promises. Debt, Money, and the New World Order. by Philip Coggan. Longlisted for the Financial Times and Goldman Sachs Business Book of the. Paper Promises is a shining must-read amongst the vast literature Philip Coggan’s thesis is that one can view economic history as a. Paper Promises has ratings and 38 reviews. Abi said: On all Paper Promises () by Phillip Coggan is a masterful study of money and debt. Coggan.

Author: Dugor Tazil
Country: Oman
Language: English (Spanish)
Genre: Automotive
Published (Last): 13 January 2012
Pages: 349
PDF File Size: 9.82 Mb
ePub File Size: 12.24 Mb
ISBN: 162-6-39841-428-5
Downloads: 97826
Price: Free* [*Free Regsitration Required]
Uploader: Mazunos

The book doesn’t give firm recommendations and fairly describes various positions on monetary and fiscal policy. But the oncoming defaults have a coggab place in our economic history. Jan 08, Carlos rated it really liked it Shelves: The answer is at the bottom of this page. Meanwhile, individual borrowers dominate the political discourse in many democratic countries, which has caused public and private sector debt to explode with very few options for balancing the books that are politically palatable.

The book is very much worth reading for anyone interested in finance and economics. These are interesting times, let’s see how they play out. See all 32 reviews. The Hidden Wealth of Nations. Many Americans may be wary of its argument, but it is a convincing one nonetheless.

One person found this helpful. You can read this item using any of the following Kobo apps and devices: But he paoer not just bearish based upon the increase in debt, but also on the basis of the weak trends in demographics, unrecognised pension liabilities, ever increasing healthcare costs as well as the risks of long term higher energy prices.

Amazon Business Service for business customers.

Best business books

Continue shopping Checkout Continue shopping. Threads collapsed expanded unthreaded. In today’s financial climate, we are all, naturally, obsessed by coggna. The story is very readable and well-constructed.


While his ultimate predictions for the future aren’t revolutionary, they do provide some insight into the changing nature of the financial balance of power worldwide.

Paper Promises: Debt, Money, and the New World Order by Philip Coggan

One of the best books on the current global financial crisis. You submitted the following rating and review. In eighteen-century Europe an experiment with paper money was begun by John Law, a Scottish mathematician and gambler, who moved to France toward the end of the reign of Louis XIV. An extremely clear narrative that combines economic theory and economic history please – don’t glaze over; this stuff is important just now to explain how we ended up where we’ve ended up.

How to write a great review. Helps you understand the current financial crisis through the lens of Debtors and Creditors.

Paper Promises by Philip Coggan

Exceedingly well written book like most other Economist books, it manages to convey its points in plain english without dumbing downand very insightful.

Coggan misses this but his analysis of gold and money is illuminating. Add both to Basket.

The First Years. At the centre of his portrait is the unending tussle between lenders and borrowers.

Paper Promises: Debt, Money, and the New World Order

Coggan takes the reader through the evolution of economic policy since the midth century through the recession and its aftermath. He shows how money has turned from something mined and solid to metaphysical magic and numbers on a screen. Never Split the Difference. One of the most scary, interesting ones, highly rated as possible by the author, is one where the biggest creditor on earth, China, puts its mark on a new system.


We appreciate your feedback. In almost every aspect of our life we experience it – on our credit cards, mortgages, bank loans and student loans.

If everyone read Coggan’s book we might just be a little more circumspect if and when the next burst of irrational exuberance overtakes the economy Management Today A masterful history of financial crises Independent By far the best analysis of the “new normal” David Stevenson Financial Times An excellent book Accepting JK Galbraith ‘s point that it is a prerogative of the rich to find social virtue in whatever suits their immediate needs, Coggan acknowledges that a consumer doesn’t see the world in the same way as a financier, and that how one interprets the economic realities of the moment depends absolutely on where one stands in the economic nexus.

Refresh and try again. Very readable, and recommended to anyone looking for an intelligent entry-level look at the subject matter. Nevertheless, Coggan demonstrates a comprehensive awareness of the major academic debates in economics and economic history — from the Triffin dilemma to the Dollar Gap, and from the Efficient Market Hypothesis to demographic change — and makes the effort to link these into a coherent narrative supporting his central thesis.

Thank You for Being Late. The Age of Deleveraging. Philip Coggan has compiled a page book with enough knowledge and analysis to make it feel like an page book, without seeming at all like a long and demanding read. Thinking, Fast and Slow.