The Price of Time: The Real Story of Interest [PREMIUM LEATHER BOUND]

Description: Note: This is not a reprint. The original paperback or hardcover edition has been purchased directly from the authorized distributor or publisher. The book purchased has been carefully bound in genuine leather to enhance its durability and extend its shelf life. Please be assured that no content or pages have been altered or reformatted during the leather binding process. Product Information: - Title of Product:The Price of Time: The Real Story of Interest [PREMIUM LEATHER BOUND] Author: Chancellor, Edward Number of Pages: 416 Publication Year: 2022 Language: English Book Synopsis: - Winner of the 2023 Hayek Book Prize Longlisted for the 2022 Financial Times BusinessBook of the Year AwardA comprehensive and profoundly relevant history of interest from one of the world's leading financial writers, The Price of Time explains our current global financial position and how we got here In the beginning was the loan, and the loan carried interest. For at least five millennia people have been borrowing and lending at interest. The practice wasn't always popular--in the ancient world, usury was generally viewed as exploitative, a potential path to debt bondage and slavery. Yet as capitalism became established from the late Middle Ages onwards, denunciations of interest were tempered because interest was a necessary reward for lenders to part with their capital. And interest performs many other vital functions: it encourages people to save; enables them to place a value on precious assets, such as houses and all manner of financial securities; and allows us to price risk.All economic and financial activities take place across time. Interest is often described as the "price of money," but it is better called the "price of time: " time is scarce, time has value, interest is the time value of money.Over the first two decades of the twenty-first century, interest rates have sunk lower than ever before. Easy money after the global financial crisis in 2007/2008 has produced several ill effects, including the appearance of multiple asset price bubbles, a reduction in productivity growth, discouraging savings and exacerbating inequality, and forcing yield starved investors to take on excessive risk. The financial world now finds itself caught between a rock and a hard place, and Edward Chancellor is here to tell us why. In this enriching volume, Chancellor explores the history of interest and its essential function in determining how capital is allocated and priced. Product Description: This exquisite book is crafted exclusively for discerning readers and collectors who seek to elevate and preserve their literary treasures. Bound in GENUINE LEATHER, it showcases the finest craftsmanship with luxurious GOLDEN LEAF DETAILING adorning the spine, front cover, and back cover. The elegance is further enhanced by EDGE GILDING, giving the book an opulent finish. Customize Your Leather-Bound Edition with Color Options: - 1. Select from a wide array of leather colors at no additional cost. Share your preferred leather color with us via email. 2. Choose from a diverse range of leather colors with colored marbles (endpaper), including Brown, Crimson Red, Forest Green, Royal Blue, Rich Black, Hot Pink, Yellow, And Tan. 3. For a truly unique touch, request Multi-Color Labels to complement your custom leather-bound book spine. 4. Own a timeless masterpiece that adds sophistication to any collection! Artisan Quality and Dispatch Information: - We appreciate your understanding that these Leather-Bound Books are meticulously crafted works of art, requiring significant time and attention to detail to achieve their exceptional quality. Our standard handling time for dispatch is 35 business days, as each book undergoes various stages of production. However, we do accommodate special & requests for specific occasions. We offer additional customization options upon request, subject to extra charges. Additionally, we handle both printing and leather binding for all books. Product Disclaimer: Please note that as Leather is a Natural Material, minor variations in color or texture may occur.

Price: 120.21 USD

Location: DELHI, DELHI

End Time: 2024-11-06T07:26:28.000Z

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