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The Money Machine
The Money Machine
Oct 6, 2024 2:27 AM

Author:Philip Coggan

The Money Machine

What happens in the City has never affected us more

In this excellent guide, now fully revised and updated, leading financial journalist Philip Coggan cuts through the headlines, the scandals and the jargon to explain the nuts and bolts of the financial system.

What causes the pound to rise or interest rates to fall? Which are the institutions that really matter? Why is it we need the Money Machine - and what happens when it crashes? Coggan provides clear and concise answers and shows why we should all be more familiar with a system we so intimately depend upon.

Reviews

As a piston-driven primer not only to the processes of thought, labour and collaborative generosity of the fathers of steam, this book runs along a new track like - well, like a Rocket

—— Iain Finlayson , The Times

Its scope and lively intelligence make it the best kind of popular account. Anyone who has ever wondered over Britain's exceptional contribution to the modern world should read it

—— Ian Jack , Financial Times

Intriguing, witty account of the birth of steam power

—— Robin McKie , Observer

Infectiously enthusiastic, all encompassing investigation of steam power and the men that drove the industrial revolution... A particularly fascinating account of the tangled relationship between iron, coal and steam

—— James McConnachie , The Sunday Times

An enjoyable read... Wonderfully eclectic

—— The Economist

Rosen is skilled at hooking small, local phenomena into a narrative of global sweep and significance

—— Guardian

The only professional economist who really predicted the crisis, and perhaps the only independent thinker in that business

—— Nassim Nicholas Taleb

A wonderful new book . . . Unlike most books written by founders, this isn’t some myth-heavy legacy project—it’s far closer to a blueprint. Catmull takes us inside the Pixar ecosystem and shows how they build and refine excellence, in revelatory detail. . . . If you do creative work, you should read it, now

—— Daniel Coyle - Author of THE TALENT CODE

A fascinating story about how some very smart people built something that profoundly changed the animation business and, along the way, popular culture . . . [Creativity, Inc.] is a well-told tale, full of detail about an interesting, intricate business. For fans of Pixar films, it’s a must-read. For fans of management books, it belongs on the ‘value added’ shelf

—— Wall Street Journal

Business gurus love to tell stories about Pixar, but this is our first chance to hear the real story from someone who lived it and led it. Everyone interested in managing innovation—or just good managing—needs to read this book

—— Chip Heath - Author of SWITCH

What is the secret to making more of the good stuff? Every so often Hollywood embraces a book that it senses might provide the answer. . . . Catmull’s book is quickly becoming the latest bible for the show business crowd

—— New York Times

Too often, we seek to keep the status quo working. This is a book about breaking it

—— Seth Godin - Author of ALL MARKETEERS ARE LIARS

For those brave enough, Creativity Inc. is a call to strive for the very best, with, just as importantly, precuise instructions as to how to go about it

—— Independent on Sunday

Fascinating...A smart guide to getting the best out of employees and therefore the business

—— The Times

A great book for anyone interested in inspiring and managing creative talent (Books of the Year)

—— Financial Times , Lionel Barber, Editor of the Financial Times

Ahamed unravels the story of the most terrible financial collapse in history from the perspective of the four men who were largely responsible: the leading central bankers in the United States, Britain, France and Germany

—— Mail on Sunday

[a] very readable portrait of the bankers who allowed the Great Depression to happen

—— Telegraph

Possibly the most important political book that I have read since The Spirit Level

—— Stuart Weir, co-founder of Charter 88, former editor of the New Statesman

He has prised the lid off an important and terrifying can of worms

—— Martin Vander Weyer , Literary Review

Lively and well written book

—— Toby Young , Mail on Sunday

A welcome account of how the sun is never allowed to set on the British empire's old islands, whose fiscal pirates hoard the tax-free treasures of the rich

—— Geoffrey Robertson , New Statesman, Books of the Year

Shaxson delves into capitalism's secret nooks and tells us about how a culture of secrecy can perpetuate itself. Very interesting

—— William Leith , Evening Standard

A compelling read [...] an important and very much a live topic, it'll take you a few hours to read the book but it will be a worthwhile investment of time

—— Peter Magee , Bookbag

What makes this such a good read for the layman is that the author employs all his journalistic skill (he used to work at Reuters) to illustrate his arguments and uses real examples to real examples to illustrate complex issues

—— John Arlidge , Sunday Times

This book is a must-read for anyone who wants to understand the world we live in

—— Brian Maye , Irish Times

This engrossing book about the offshore banking racket, with its eye-opening scrutiny of tax havens and the suited scoundrels who profit from them, will make you think again about the murkier side of the City...This first-rate forensic work ends with a plea that the closed City "must be abolished and submerged into a...fully democratic London"

—— Boyd Tonkin , Independent

[An] informed polemic against finance capital

—— Oliver Kamm , The Times

Now more than a decade old, this is still the best introduction to the world of tax havens

—— Economist, *Summer Reads of 2022*
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