A publication of the Asian Development Bank No. 3     April 2009
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THE ASCENT OF MONEY
A Financial History of the World

$29.95

The latest opus by British historian Niall Ferguson traces key developments in finance within the context of world history, from its roots in Mesopotamia to the new revolution driving the economies of the People’s Republic of China and India.

Ferguson is Laurence A. Tisch Professor of History at Harvard University, a Senior Research Fellow of Jesus College, Oxford University, and a Senior Fellow of the Hoover Institution at Stanford University. His books include bestsellers Paper and Iron, The House of Rothschild, The Pity of War, The Cash Nexus, Empire, and Colossus.

“(Ferguson) is at his strongest in his reading of the news. His story of what is happening today shows prescience, even if it is necessarily incomplete.” —The Economist.

“Ferguson takes us on an often enlightening and enjoyable spelunking tour through the underside of great events, a lesson in how the most successful great powers have always been underpinned by smart money.” —Michael Hirsh, Sunday Book Review, The New York Times.