In The Ascent of Money, author, economist and historian Niall Ferguson traces the evolution of money and demonstrates that financial history is the essential back-story behind all history. (Source: PBS)
The role of risk involved in the insurance world. Includes the inability to cover the payouts due from the catastrophe caused by hurricane Katrina; the origin of the insurance industry; how Japan transformed into a welfare state and it's consequences in the present day; Chile departure from the welfare state model in the 1970's; the derivatives market, and the extraordinary wealth it has led to as well as the implosion of such firms as AIG.
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