Money and finance

21 Dec, 2012 at 17:44 | Posted in Economics | 9 Comments



  1. I quite like Ferguson, I think he’s a walking ego, but he also brings and interesting perspective. I think he views things on a much larger geographical and temporal scale than most Economists. Being wrong or right in economics is very much time dependent – there are good and bad Economists I’m sure, but there are also Economists that are good and bad at picking the right time to crow, in the media dominated world we live in, I suspect the latter skill can be more important.

  2. I agree with several of the above comments: I don’t think much of Ferguson.

    • Let me be very clear on this: Niall Ferguson is an austerian and has been talking a lot of nonsense on many policy issues the last couple of years ( But I still think the tv-series has its merits as a layman-introduction to questions on money and finance – even if Ferguson doesn’t give my preferred perspective or explanations on many of the issues touched upon.

  3. I’m sure there is something to learn from Ferguson; however, he has been predicting monetary doom and gloom for several years now! Like the Mayan calendar things have not quite worked out as predicted.

  4. The person above sums up very well my view.

  5. Prof. Ferguson’s gross oversimplifications and his underlying hypothesis that money drives history won’t help us understand the economic situations that face us. (Regardless of what the rest of movie says…I have not sat through the whole exercise in ego.)
    I suggest he might want to read a couple of decent histories of Spain and the decline other financial empires and perhaps read some contemporaneous commentary from the respective periods. There are a couple of examples that I found, and some links here:

  6. Terrible source for this ….

    • Dwayne, could you elaborate on that?
      [This 4 hours history of finance is – goes without saying – absolutely NOT in any way flawless. But – still – I think it’s a good piece of introduction to important questions that in this “popular” form is made accessible for the layman. Once familiar with the questions the layman can go on and perhaps be induced to read MMT, Graeber, Knapp etc.]

  7. Reblogged this on Hanuman Capital.

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