This is the first history of finance - broadly defined to include money, banking, capital markets, public and private finance, international transfers etc. - that covers Western Europe (with an occasional glance at the western hemisphere) and half a millennium.
Charles Kindleberger highlights the development of financial institutions to meet emerging needs, and the similarities and contrasts in the handling of financial problems such as transferring resources from one country to another, stimulating investment, or financing war and cleaning up the resulting monetary mess. The first half of the book covers money, banking and finance from 1450 to 1913; the second deals in considerably finer detail with the twentieth century.
This major work casts current issues in historical perspective and throws light on the fascinating, and far from orderly, evolution of financial institutions and the management of financial problems. Comprehensive, critical and cosmopolitan, this book is both an outstanding work of reference and essential reading for all those involved in the study and practice of finance, be they economic historians, financial experts, scholarly bankers or students of money and banking.
This groundbreaking work was first published in 1984.

This is the first serious history of merchant banking, based on the archives of the leading houses and the records of their activities throughout the world. It combines scholarly insight with readability, and offers a totally new assessment of the origins of one of the most dynamic sectors of the City of London money market, of the British economy as a whole and of a major aspect of the growth of international business.
Dr Chapman has researched new material from the archives of Rothschilds, Barings, Kleinwort Benson and other leading houses together with a wide range of archives and published work in Europe, America and South Africa to trace the roots of British enterprise in financing international trade, exporting capital, floating companies, arbitrage, and other activities of the merchant banks.
While mindful of the subtleties of international financial connections, this book assumes no previous acquaintance with the jargon of banking, economics and sociology. It will therefore prove equally interesting to students of history, business and finance, and offers a 'good read' to anyone interested in the City of London and the international economy.

How the world has become much better and why optimism is abundantly justified Why do so many people fear the future? Is their concern justified, or can we look forward to greater wealth and continued improvement in the way we live? Our world seems to be experiencing stagnant economic growth, climatic deterioration, dwindling natural resources, and an unsustainable level of population growth. The world is doomed, they argue, and there are just too many problems to overcome. But is this really the case? In Fewer, Richer, Greener, author Laurence B. Siegel reveals that the world has improved--and will continue to improve--in almost every dimension imaginable. This practical yet lighthearted book makes a convincing case for having gratitude for today's world and optimism about the bountiful world of tomorrow. Life has actually improved tremendously. We live in the safest, most prosperous time in all human history. Whatever the metric--food, health, longevity, education, conflict--it is demonstrably true that right now is the best time to be alive. The recent, dramatic slowing in global population growth continues to spread prosperity from the developed to the developing world. Technology is helping billions of people rise above levels of mere subsistence. This technology of prosperity is cumulative and rapidly improving: we use it to solve problems in ways that would have be unimaginable only a few decades ago. An optimistic antidote for pessimism and fear, this book: Helps to restore and reinforce our faith in the future Documents and explains how global changes impact our present and influence our future Discusses the costs and unforeseen consequences of some of the changes occurring in the modern world Offers engaging narrative, accurate data and research, and an in-depth look at the best books on the topic by leading thinkers Traces the history of economic progress and explores its consequences for human life around the world Fewer, Richer, Greener: Prospects for Humanity in an Age of Abundance is a must-read for anyone who wishes to regain hope for the present and wants to build a better future.

This classic book tells the story of the development of Income Tax from its beginning in 1799 to the present day and relates it to the social, economic and political history of the period.
There have been studies of Income Tax at various stages in its growth; studies of finance and taxation in general in which Income Tax has been closely concerned; studies too of some of the Chancellors of the Exchequer who have made significant contributions to the Income Tax system; but this is the first time an attempt has been made to encompass the whole 160 years or so of its life in one volume.
And a fascinating story it is too when set in perspective. The author shows how Income Tax was introduced to finance the Napoleonic Wars, how it was revived by Peel to pay for Free Trade, and how it underwrote Victorian prosperity and confidence. He then describes its immense expansion through two World Wars to its present position as a dominant feature of British finance. This book was first published in 1966.

Blending humour and behavioural economics, the New York Times bestselling author of Predictably Irrational delves into the truly illogical world of personal finance to help people better understand why they make bad financial decisions, and gives them the knowledge they need to make better ones. Why does paying for things often feel like it causes physical pain? Why does it cost you money to act as your own real estate agent? Why are we comfortable overpaying for something now just because we've overpaid for it before? In Small Change, world renowned economist Dan Ariely answers these intriguing questions and many more as he explains how our irrational behaviour often interferes with our best intentions when it comes to managing our finances. Partnering with financial comedian and writer Jeff Kreisler, Ariely takes us deep inside our minds to expose the hidden motivations that are secretly driving our choices about money. Exploring a wide range of everyday topics - from credit card debt and household budgeting to holiday sales - Ariely and Kreisler demonstrate how our ideas about dollars and cents are often wrong and cost us more than we know. Mixing case studies and anecdotes with tangible advice and lessons, they cut through the unconscious fears and desires driving our worst financial instincts and teach us how to improve our money habits. Fascinating, engaging, funny and essential, Small Change is a sound investment, providing us with the practical tools we need to understand and improve our financial choices, save and spend smarter and ultimately live better. Published in the US as Dollars and Sense.

This book was first published in 1985.

First Published in 2005. In the decade of the sixties, which brought so many disappointments to the British people, one signal achievement stands out: the revival of "The City"-London's financial district-as a major centre of international finance. To work in the City now seems to hold the promise of moving up fast, not merely to good pay and good social standing but to an early share of responsibility. George Lewis French Bolton was born in 1900 and started work in the City before he was seventeen. This volume is a collection of works by Sir George Bolton on the revival of the City from 1957 to 1970.

This concise volume evaluates the cause and significance of recent corporate failures and financial scandals, and how they reflect on the fitness for purpose of the external auditors, financial reports, financial watchdogs, boards, directors and senior management. Failures like the disastrous collapse of Carillion, examined at length, have ultimately led to a crisis of confidence not only in the audit process but in the entire process of financial reporting. Revealing the shortcomings in audit quality, independence, choice and the growing expectation gap, Financial Failures and Scandals questions if the profession, its regulators or government watchdogs, are adequately prepared for the challenges of increasing regulation, public outcry and political scrutiny in the face of inevitable future financial failures. The fundamental structures of financial reporting, annual reports, boards of directors and senior management are often found to have failed. Tighter regulation and new requirements for reporting will inevitably result. Drawing on extensive research and interviews with insiders, users and experts, this unique book provides a compelling account of the profoundly disruptive impact of financial failures on corporate and financial accountability. Topical and readable, this book will be of great interest to students, researchers and professionals in accounting and auditing, as well as to policy makers and regulators.

First Published in 2005. This book is an attempt by a layman to explain to other laymen the purposes and processes of industrial assurance, an institution which exercises a far-reaching influence upon the life of the community, and in which for that reason the community, through its political organs of Parliament and administration, has long taken an inquisitive, critical, and entirely proper interest. This will be of interest to those studying the long experience which will enable its standards to be still further raised and those vested in its professional practitioners.

The annual Monetary Surveys published in the Midland Bank Review have become an established and authoritative source of reference for all students of money and banking and related topics, and for those concerned with general economics and current affairs.
This superb volume brings together reprints of these Surveys with a selection of special articles published in the Review since the 1959 Radcliffe Report on the working of the monetary system. In his introduction the editor discusses in outline Britains financial dilemma. The period covered is an interesting and exciting one{emru}economic conditions in the UK were swinging from achievement in the early 19605 to near calamity, and in the international monetary field policy moved from convertibility for current transactions through tighter restrictions and devaluation, to the experiments of 1971.
The book is set out in four sections. The first section contains articles dealing mainly with official activities in the management of government debt, ofthe money supply, and of the banking system. In the second section are five articles describing and analysing Londons money market operations, and examining the swift growth of non-bank financial intermediaries and the markets in which they are active, including the Eurodollar market. These are followed by the annual Monetary Surveys for the years 1959 to 1971, which tell the story of the struggle to preserve the parity of sterling, the devaluation of 1967, and the consequences for Britains position at home and abroad; they also record developments in banking and the first effects of the new methods of credit control. The final section of appendices presents up-to-date statistics andcharts and relevant documents illustrating the monetary and economic background of the period covered. This excellent text was first published in 1973.

First Published in 2005. This study uses the Baring archive to provide a professional and contemporary understanding of the foreign financial history of Continental Europe and the United States from the years 1815 to 1870. The material gathered in this book, for France, Russia, Austria, Spain and the United States, and the conclusions reached in all the chapters, go far towards supporting and confirming that the belief that capital exports give rise to growth is an inflated claim.

First Published in 2005. Routledge is an imprint of Taylor & Francis, an informa company.

Cryptocurrencies have had a profound effect on financial markets worldwide. This edited book aims to explore the economic implications of the use of cryptocurrencies. Drawing from chapter contributors from around the world, the book will be a valuable resource on the economics of cryptocurrencies. The intended audience is composed of academics, corporate leaders, entrepreneurs, government leaders, consultants and policy makers worldwide. Over the past few years, the topic of cryptocurrencies has gained global attention and has been the subject of discussion in various news media, in policy-making bodies and government entities, and in financial institutions, classrooms and boardrooms. Despite widespread interest, much remains unknown on what the economic implications of cryptocurrencies are. This book enhances the reader's understanding of cryptocurrencies, its impact on industry and its implications on the political and economic environment. Drawing from chapter contributions from leading academics and thought leaders from around the world, this book is the definitive guide on the economics of cryptocurrencies. There is scarcity of well conceived, academically grounded literature on the impact of cryptocurrencies on industry, politics and economics. This pioneering book provides up-to-date and in-depth analysis on the subject. The book will be appealing to academic communities, business professionals and entrepreneurs in their quest for better understanding the challenges and opportunities brought about by cryptocurrencies. Consultants, government officials and policy makers will find the information helpful in defining strategic pathways into the future.

The economics of international investment is an area in which many important theoretical and empirical contributions have been made over recent years. This volume draws together a series of original new essays which reflect and refine developments in the concepts, theories and tools of analysis of international investment and uses them to analyse recent issues posed by the growth and altered structure of international investment. Featuring contributions by many of the leading figures in the field, the volume commences with discussion of the market for foreign investment since the debt crisis, the export and foreign investment decision process of the firm, the welfare implications of R&D activities by multinational enterprises in host countries and the relationship between foreign direct investment and regionalism with particular reference to the EC. Later papers focus on foreign direct investment in Eastern Europe, the influence of exchange rate regimes on international capital flows, the use of privatization schemes to reduce external debt overhang and Malaysia's inverse saving-investment correlation. No other book offers as extensive a coverage of important recent issues, both theoretical and empirical, in the economics of international investment. In addition to providing students, teachers and researchers with an overview of current views and theories in the area of international investment, this volume will also serve as a useful platform from which future research can be launched.

Dealing with a topic that has attracted significant media attention, this highly accessible book provides a detailed analysis of the trade dispute between China and the US. While the Americans accuse China of damaging their economy, the Chinese claim their policies are legitimate and that the US has no right to dictate how the Chinese economy should be run. Imad Moosa addresses contentious issues including: whether the Chinese currency is undervalued, whether the undervaluation of the yuan, should it exist, is the cause of the US trade deficit with China (hence revaluation being a justifiable cure) and whether Chinese economic policies are immoral and illegal according to IMF and WTO rules. This challenging and thought provoking book will prove a stimulating read for academics, researchers, students and policymakers with an interest in international economics, international finance, political economy and Asian studies.

Longlisted for the FT & McKinsey Business Book of the Year Award 2017

Finance is shrouded in mystery for outsiders, while many insiders are uneasy with the disrepute of their profession. How can finance become more accessible and also recover its nobility?

Harvard Business School professor Mihir Desai takes up the cause of restoring humanity to finance. With deft wit, he draws upon a rich knowledge of literature, film, history, and philosophy to explain finance's inner workings. Through this creative approach, he shows that outsiders can easily access the underlying ideas and insiders can reacquaint themselves with the core values of their profession.

This combination of finance and the humanities creates unusual and illuminating pairings: Jane Austen and Anthony Trollope are guides to risk management; Jeff Koons becomes an advocate of leverage; and Mel Brooks' The Producers teaches us about fiduciary responsibility. In Desai's vision, the principles of finance also provide answers to critical questions in our lives: bankruptcy teaches us how to react to failure, the lessons of mergers apply to marriages, and the Capital Asset Pricing Model demonstrates the true value of relationships.

The Wisdom of Finance is a wholly unique book, offering an enlivening new perspective on one of the world's most complex and misunderstood professions.

Moving Beyond Modern Portfolio Theory: Investing That Matters tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. It's time for MPT to evolve. The authors propose a new imperative to improve finance's ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy. They show how some of the largest investors in the world focus not on picking stocks, but on mitigating systemic risks, such as climate change and a lack of gender diversity, so as to improve the risk/return of the market as a whole, despite current theory saying that should be impossible. "Moving beyond MPT" recognizes the complex relations between investing and the systems on which capital markets rely, "Investing that matters" embraces MPT's focus on diversification and risk adjusted return, but understands them in the context of the real economy and the total return needs of investors. Whether an investor, an MBA student, a Finance Professor or a sustainability professional, Moving Beyond Modern Portfolio Theory: Investing That Matters is thought-provoking and relevant. Its bold critique shows how the real world already is moving beyond investing orthodoxy.

Corporate governance mechanisms are recognised as the critical fulcrum of business and management decision-making, with a deep impact not only upon corporate performance but economic prosperity and social well-being. Controversies in corporate governance have seized the public imagination concerning issues such as corporate collapse, executive compensation, the security of superannuation funds, and mergers and takeovers. Corporate governance is a relatively new field, but has now moved from the margins to the mainstream of business and management education. However, discovering the origins and foundations of corporate governance involves a lengthy search through law, finance, economics, accounting and management journals. Most of the original and essential corporate governance literature is therefore highly dispersed and often inaccessible to business and management students today. This unique collection brings together this widely dispersed material for the first time, providing students and researchers in corporate governance with an unrivalled research resource.

Features Connected to a Github repository with the codes in the book. The repository can be accessed at https://bit.ly/3bllnuf Suitable for undergraduate students, as well as anyone who wants a gentle introduction to the principles of quantitative finance No pre-requisites required for programming or advanced mathematics beyond basic calculus.

As over half the assets of many major companies are now intangible assets, there is an increasing need to assess more accurately the value of intellectual property (IP) from a wider interdisciplinary perspective. Re-evaluating risk and understanding the true value of intellectual property is a major problem, particularly important for business practitioners, including business analysts and investors, venture capitalists, accountants, insurance experts, intellectual property lawyers and also for those who hold intellectual property assets, such as media, publishing and pharmaceutical companies, and universities and other research bodies. Written by the foremost authorities in the field from Britain, Japan and the US, this book considers the latest developments and puts forward much new thinking. The book includes thorough coverage of developments in Japan, which is reviewing the value of IP at a much quicker pace than any other country and is registering ever-increasing numbers of patents in the course of inventing its way out of economic inertia.

The period between 1767 and 1873 shaped public finance in Britain (and, by extension, many other countries) as we know it today, with the major economists of the time providing influential contributions. Until now, no book has examined and compared the thought of these 'classical economists' from the perspective of public finance rather than that of pure theory.

This groundbreaking volume critically analyzes and compares the writings on government expenditure, taxation and public debt of thinkers such as Adam Smith, Jeremy Bentham, David Ricardo and Thomas Malthus. These key figures are united by their struggles with fiscal theory - an important feature in the formation and development of political economy.

An original and intriguing read, this book breathes fresh life into the history of economic thought. Dome's clear and exciting arguments will make for essential reading for historians of economic thought, economic historians and those with an interest in public finance.

Taxation and Development highlights the importance of better understanding the ways in which taxes and expenditure are linked. Focusing on developing countries, the book argues for a broader approach to the topic, with a secondary focus on developing and applying new modeling techniques to country-specific data.The contributors demonstrate the critical importance of considering tax issues within the specific context of each country, taking into account not only the level and structure of its economic development but also its history, regional location, and political institutions. Individual chapters cover a range of issues both past and present, and offer insightful recommendations for future research and policy implementation. While a great deal of work has been done on the subject in recent decades, this comprehensive book reveals just how much more we have to learn. Taxation and Development will be of great interest to scholars and researchers of economics in general and in particular, taxation, development and public sector economics. Contributors: R. Bahl, R.M. Bird, M.R. Cyan, A. Feltenstein, W.F. Fox, R. Kelly, L. Lopes, Y.N. Madhoo, J. Martinez-Vazquez, T. Matheson, C.E. McLure, Jr., M.N. Murray, S. Nath, V. Perry, J. Porras-Mendoza, P. Smoke, C. Veung, V. Vulovic, S. Wallace, E.M. Zolt

Critical Praise for Common Stocks and Uncommon Profits and Other Writings

"You will find lots of jewels in these pages that may do as much for you as they have for me."
–– Kenneth L. Fisher

"I sought out Phil Fisher after reading his Common Stocks and Uncommon Profits and Other Writings. When I met him, I was as impressed by the man as by his ideas. A thorough understanding of the business, obtained by using Phil’s techniques . . . enables one to make intelligent investment commitments."
–– Warren Buffett

"Little known to the public, rarely interviewed, and accepting few clients, Philip Fisher is nevertheless read and studied by most thoughtful investment professionals . . . everyone will profit from pondering–as Warren Buffett has done–the investment principles Fisher espouses."
–– James W. Michaels
former editor, Forbes

"My own copy [of Common Stocks and Uncommon Profits and Other Writings] has underlinings and marginal thoughts throughout."
–– John Train
author of Dance of the Money Bees

Updated features include a new Preface and Introduction from Kenneth L. Fisher

Widely respected and admired, Philip Fisher is among the most influential investors of all time. His investment philosophies, introduced almost forty years ago, are not only studied and applied by today’s finance professionals, but are also regarded by many as gospel. Common Stocks and Uncommon Profits and Other Writings reveals these timeless philosophies.