The Origins of Value : The Financial Innovations that Created Modern Capital Markets

From the invention of interest in Mesopotamia and the origin of paper bonds in China, to the creation of mutual finds, inflation-indexed bonds, and global financial securities, here is a sweeping survey of financial innovations that have changed the world. Written by a distinguished group of experts including Robert Schiller, Niall Fergusson, and Valerie Hansen, and illustrated with over 100 colour photographs of landmark financial documents, The Origins of Value traces the evolution of finance through 4000 years of history. It shows how the worlds most important financial tools loans, interest rates, stocks, bonds, mutual funds, the coproatin, stock exchanges came into being.