Philip Coggan

«Promesas de papel» es una de las obras más lúcidas sobre las causas y consecuencias de la crisis económica global. Philip Coggan, periodista de The Economist, analiza la naturaleza del dinero y la d

The world is drowning in debt, in paper promises. Can we stay afloat? In his masterful new book, Philip Coggan shows how the current financial crisis has very deep roots indeed - in the very nature of money itself. Societies from ancient Greece to revolutionary France have experimented with all kinds of money, from seashells to tobacco, before finally settling on the paper version we have come to know so well. What exactly is money? How has its function changed over decades and centuries? What purpose did the gold standard actually serve? Why, for that matter, is gold still worth anything? Who are the world's real creditors and debtors today? Above all, what promises do we need to believe to stop the whole system falling apart? We take for granted so much about the current financial system. Only by going back to the beginning - to first principles and to our history - can we comprehend where all this debt has come from, and it's very serious consequences now. In doing so, Philip Coggan examines the flawed structure of the global finance system as it exists today, and shows that the world is facing even deeper imbalances than we are yet grappling with. Where will the world go next? How will we get out of the debt crisis? The answers can only be found in surprising places from Mississippi swamps, through Chinese economic strategy, to the Wizard of Oz. The way that our paper promises are kept or broken will determine our future. Before we can solve the debt crisis, we need to understand what is going on.

What happens in the City has never affected us moreIn this excellent guide, now fully revised and updated, leading financial journalist Philip Coggan cuts through the headlines, the scandals and the jargon to explain the nuts and bolts of the financial system.What causes the pound to rise or interest rates to fall? Which are the institutions that really matter? Why is it we need the Money Machine - and what happens when it crashes? Coggan provides clear and concise answers and shows why we should all be more familiar with a system we so intimately depend upon.

The Last Vote is a wake-up call showing why we cannot afford to take democracy for granted, from Philip Coggan, award-winning author of Paper Promises and The Money MachineCan we afford to take democracy for granted? Its now so much a part of our lives that we could be forgiven for thinking it mainly takes care of itself. Almost half the worlds population now lives in a democratic state, while some Western democracies have now had universal suffrage for almost a century and have endured through even the most severe of global upheavals. In The Last Vote, Philip Coggan shows how democracy today faces threats that we ignore at our own risk. Amid the turmoil of the financial crisis, high debt levels, and an ever-growing gap between the richest and the rest, it is easy to forget that the ultimate victim could be our democracy itself. Tracing democracys history and development, from the classical world through the revolution of the Enlightenment and on to its astounding success in the nineteenth and twentieth centuries, Coggan revisits the assumptions on which it is founded. What exactly is democracy? Why should we value it? What are its flaws? And could we do any better?The Last Vote is a wake-up call, and an illuminating defence of a system, which, in Churchills words, is the worst possible form of government, except for all the others that have been tried. Reasoned, lucid and balanced, Coggans argument parrots neither the agenda of left nor right, but calls for us all to work together to ensure we dont end up in an even greater mess than were in today. Finally, he proposes ideas for change and improvement to the system itself so the next vote we cast will not be the last.Praise for Paper Promises:This book stands way above anything written on the present economic crisis Nassim Taleb, author of The Black SwanBold and confident... This book should be taken very seriously John Authers, Financial TimesThe most illuminating account of the financial crisis to appear to date ... written with a lucidity that conveys deep insights without a trace of jargon John Gray, New StatesmanPhilip Coggan was a Financial Times journalist for over twenty years, and is now the Buttonwood columnist for the Economist. In 2009 he was named Senior Financial Journalist in the Harold Wincott awards and was voted Best Communicator at the Business Journalist of the Year Awards. He is the author of The Money Machine, and Paper Promises, winner of the Spears Business Book of the Year Award and longlisted for the Financial Times Goldman Sachs Business Book of the Year Award.

Winner of the Spears Business Book of the Year AwardLonglisted for the Financial Times Goldman Sachs Business Book of the Year AwardIn todays financial climate, we are all, naturally, obsessed by debt. In almost every aspect of our life we experience it - on our credit cards, mortgages, bank loans and student loans. But where has this debt come from? How does it work? What is any money really worth? And what promises do we need to believe to keep the whole system afloat?In this fascinating look at money through the ages - including our own unstable future - award-winning financial journalist Philip Coggan examines the flawed structure of the global finance systems as they exist today, and asks, with deeper imbalances that the world is currently facing, whats actually at stake.

What happens in the City has never affected us moreIn this excellent guide, now fully revised and updated, leading financial journalist Philip Coggan cuts through the headlines, the scandals and the jargon to explain the nuts and bolts of the financial system.What causes the pound to rise or interest rates to fall? Which are the institutions that really matter? Why is it we need the Money Machine - and what happens when it crashes? Coggan provides clear and concise answers and shows why we should all be more familiar with a system we so intimately depend upon.