Business Books

Banking (and money) is alchemy – Mervyn King (ex-Gov of the Bank of England)

The Money Show’s Bruce Whitfield interviewed former Governor of the Bank of England Mervyn King for his weekly business book review.

King spoke about his new book entitled “The End of Alchemy - Banking, the Global Economy and the Future of Money”.

Unlike aeroplane crashes, financial crises have become more, not less frequent.

Mervyn King, former Governor of the Bank of England

Description on Amazon:

The past 20 years saw unprecedented growth and stability, followed by the worst financial crisis the industrialised world has ever witnessed.

In the space of little more than a year what had been seen as the age of wisdom was viewed as the age of foolishness.

Almost overnight, belief turned into incredulity.

Most accounts of the recent crisis focus on the symptoms and not the underlying causes of what went wrong.

But those events, vivid though they remain in our memories, comprised only the latest in a long series of financial crises since our present system of commerce became the cornerstone of modern capitalism.

The End of Alchemy” explains why, ultimately, this was, and remains, a crisis not of banking (even if we need to reform the banking system) nor of policy-making (even if mistakes were made) - but of ideas.

In this refreshing, and vitally important book, former governor of the Bank of England Mervyn King - an actor in this drama - proposes revolutionary new concepts to answer the central question:

Are money and banking a form of alchemy or are they the Achilles heel of a modern capitalist economy?

Listen to the audio for more detail.

Subscribe to our Business Wrap Newsletter


Recommended

by THE NEWSROOM
Read More
Tony Robbins on how to make money when others panic

Tony Robbins on how to make money when others panic

Feroz Basa (Old Mutual Investment Group) reviews “Unshakeable: Your Financial Freedom Playbook” by Tony Robbins.

Reality is broken, argues visionary game designer Jane McGonigal

Reality is broken, argues visionary game designer Jane McGonigal

Bruce Whitfield asks regular book reviewer Ian Mann to discuss “Reality is Broken” by visionary game designer Jane McGonigal.

How do you have sex in space? John Maytham on his new book ‘Rapid Fire’…

How do you have sex in space? John Maytham on his new book ‘Rapid Fire’…

Bruce Whitfield interviews famed CapeTalk presenter John Maytham about his new book "Rapid Fire: Remarkable Miscellany".

How Satya Nadella rediscovered Microsoft’s soul

How Satya Nadella rediscovered Microsoft’s soul

Strive’s Andy Golding reviews Microsoft CEO Satya Nadella’s new book “Hit Refresh: The Quest to Rediscover Microsoft's Soul..."

‘There are a lot of d***s in business. I want to be the best one!’

‘There are a lot of d***s in business. I want to be the best one!’

Bruce Whitfield interviews Mike Sharman, cofounder at Retroviral and author or “The Best Dick”.

How to boost your reputation and change the way people see you

How to boost your reputation and change the way people see you

Ian Mann reviews “The Reputation Game: The Art of Changing How People See You” by David Waller and Rupert Younger.

Popular articles
[LISTEN] Accidentally shared a nude on a WhatsApp group? Here's what you can do

[LISTEN] Accidentally shared a nude on a WhatsApp group? Here's what you can do

A woman mistakenly shared a naked photo of herself on a parent Whatsapp group and now it's gone viral.

De Lille: Additional water resources are not going to stop Day Zero.

De Lille: Additional water resources are not going to stop Day Zero.

The Level 6B water restrictions will come to effect on 1 February and residents are asked to use only 50 litres of water per day.

Punitive tariff hike for water guzzlers to hit CT households where it hurts

Punitive tariff hike for water guzzlers to hit CT households where it hurts

Harsher punitive tariffs on the cards as 'Day Zero' becomes a reality as the result of 60% of Capetonians who ignore water limits.

WATCH: Innovative spray limits toilet flushes and saves water

WATCH: Innovative spray limits toilet flushes and saves water

Loo Me is a simple yet effective scented foam that takes the yuck out of "mellowing" toilets preventing multiple flushes.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.