Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich - Thomas Levenson Audiobook

Written by Thomas Levenson
Read by Dan Bittner
Format: MP3
Bitrate: 128 Kbps

Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich
By: Thomas Levenson
Narrated by: Dan Bittner
Length: 12 hrs and 12 mins
Unabridged Audiobook
Release date: 08-18-20
Language: English
Publisher: Random House Audio

Publisher’s summary

The sweeping story of the world’s first financial crisis: “an astounding episode from the early days of financial markets that to this day continues to intrigue and perplex historians … narrative history at its best, lively and fresh with new insights” (Liaquat Ahamed, Pulitzer Prize-winning author of Lords of Finance)

A Financial Times Economics Book of the Year ● Longlisted for the Financial Times/McKinsey Business Book of the Year Award

In the heart of the Scientific Revolution, when new theories promised to explain the affairs of the universe, Britain was broke, facing a mountain of debt accumulated in war after war it could not afford. But that same Scientific Revolution - the kind of thinking that helped Isaac Newton solve the mysteries of the cosmos - would soon lead clever, if not always scrupulous, men to try to figure a way out of Britain’s financial troubles.

Enter the upstart leaders of the South Sea Company. In 1719, they laid out a grand plan to swap citizens’ shares of the nation’s debt for company stock, removing the burden from the state and making South Sea’s directors a fortune in the process. Everybody would win. The king’s ministers took the bait - and everybody did win. Far too much, far too fast. The following crash came suddenly in a rush of scandal, jail, suicide, and ruin. But thanks to Britain’s leader, Robert Walpole, the kingdom found its way through to emerge with the first truly modern, reliable, and stable financial exchange.

Thomas Levenson’s Money for Nothing tells the unbelievable story of the South Sea Bubble with all the exuberance, folly, and the catastrophe of an event whose impact can still be felt today.

©2020 Thomas Levenson (P)2020 Random House Audio

Critic reviews

“Superb, fascinating, and totally timely, Money for Nothing is a gripping history of the South Sea Bubble by a scholar who makes complicated and subtle matters not just accessible but fun - the story of a world crisis with a flashy cast of grifters, scientists, politicians, and charlatans that Levenson makes utterly relevant to the 2008 financial crisis and 2020 pandemic…. Essential reading.” (Simon Sebag Montefiore, author of Jerusalem and The Romanovs)

“Levenson is a brilliant synthesizer with a grand view of history. Here is the birth of modern finance amid catastrophe and fraud - a gripping story of scientists and swindlers, all too pertinent to our modern world.” (James Gleick, author of Time Travel: A History)

“The story of government debt finance, which sounds boring but definitely isn’t … an enthralling account of an economic revolution that emerged from a scandal.” (Kirkus Reviews starred review)