How Long to Read The End of Alchemy: Money, Banking, and the Future of the Global Economy

How Long Does it Take to Read The End of Alchemy: Money, Banking, and the Future of the Global Economy?

It takes the average reader 4 hours and 55 minutes to read The End of Alchemy: Money, Banking, and the Future of the Global Economy by Mervyn King

Assuming a reading speed of 250 words per minute. Learn more

Description

“Mervyn King may well have written the most important book to come out of the financial crisis. Agree or disagree, King’s visionary ideas deserve the attention of everyone from economics students to heads of state.” —Lawrence H. Summers Something is wrong with our banking system. We all sense that, but Mervyn King knows it firsthand; his ten years at the helm of the Bank of England, including at the height of the financial crisis, revealed profound truths about the mechanisms of our capitalist society. In The End of Alchemy he offers us an essential work about the history and future of money and banking, the keys to modern finance. The Industrial Revolution built the foundation of our modern capitalist age. Yet the flowering of technological innovations during that dynamic period relied on the widespread adoption of two much older ideas: the creation of paper money and the invention of banks that issued credit. We take these systems for granted today, yet at their core both ideas were revolutionary and almost magical. Common paper became as precious as gold, and risky long-term loans were transformed into safe short-term bank deposits. As King argues, this is financial alchemy—the creation of extraordinary financial powers that defy reality and common sense. Faith in these powers has led to huge benefits; the liquidity they create has fueled economic growth for two centuries now. However, they have also produced an unending string of economic disasters, from hyperinflations to banking collapses to the recent global recession and current stagnation. How do we reconcile the potent strengths of these ideas with their inherent weaknesses? King draws on his unique experience to present fresh interpretations of these economic forces and to point the way forward for the global economy. His bold solutions cut through current overstuffed and needlessly complex legislation to provide a clear path to durable prosperity and the end of overreliance on the alchemy of our financial ancestors.

How long is The End of Alchemy: Money, Banking, and the Future of the Global Economy?

The End of Alchemy: Money, Banking, and the Future of the Global Economy by Mervyn King is 287 pages long, and a total of 73,759 words.

This makes it 97% the length of the average book. It also has 90% more words than the average book.

How Long Does it Take to Read The End of Alchemy: Money, Banking, and the Future of the Global Economy Aloud?

The average oral reading speed is 183 words per minute. This means it takes 6 hours and 43 minutes to read The End of Alchemy: Money, Banking, and the Future of the Global Economy aloud.

What Reading Level is The End of Alchemy: Money, Banking, and the Future of the Global Economy?

The End of Alchemy: Money, Banking, and the Future of the Global Economy is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The End of Alchemy: Money, Banking, and the Future of the Global Economy?

The End of Alchemy: Money, Banking, and the Future of the Global Economy by Mervyn King is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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