70 Year Magazine Archive

The Epic of Finance

by Allan H. Meltzer

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The Ascent of Money: A Financial History of the World, by Niall Ferguson (Penguin, 432 pp., $29.95)

THE Ascent of Money is yet another in Niall Ferguson’s series of very readable and enjoyable books. As the subtitle suggests, the book is not about money per se, but about financial development, tracing it from the earliest times to the present.

Allan H. Meltzer

About the Author

Allan H. Meltzer

Allan H. Meltzer is a professor of political economy at Carnegie Mellon University, a visiting scholar at the American Enterprise Institute, and the author of A History of the Federal Reserve.

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