num_pages: 304
description: Winner of the Spears Business Book of the Year AwardLonglisted for the Financial Times Goldman Sachs Business Book of the Year AwardIn today's 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 what's actually at stake.
language: English
title: Paper Promises: Debt, Money, and the New World Order
publisher: PublicAffairs