{"product_id":"the-origins-of-value-9780195175714","title":"The Origins of Value","description":"From the invention of interest in Mesopotamia and the origin of paper money in China, to the creation of mutual funds, inflation-indexed bonds, and global financial securities, here is a sweeping survey of financial innovations that have changed the world.\u003cbr\u003e Written by a distinguished group of experts--including Robert Shiller, Niall Ferguson, Valerie Hansen, and many others--and wonderfully illustrated with over one hundred color photographs of landmark financial documents (including the first paper money), \u003cem\u003eThe Origins of Value\u003c\/em\u003e traces the evolution of finance through 4,000 years of history. Readers see how and why many of our most important financial tools and institutions--loans, interest rates, stocks, bonds, mutual funds, the corporation, and the New York Stock Exchange, to name a few--came into being. We see, for instance, how ancient Rome developed an early form of equity finance that resembles the modern corporation and read about the first modern corporation--the Dutch East India Company--and its innovative means of financing the exploration and expansion of European business ventures around the globe. We also meet remarkable financial innovators, such as the 13th century Italian Fibonacci of Pisa, whose mathematics of money became the foundation for later developments in the technology of Western European finance (and may explain why the West surpassed the East in financial sophistication). And we even discover a still-surviving \"perpetuity\" dating from the Dutch Age of Reason--an instrument that has been paying interest since the mid-17th century. \u003cbr\u003e Placing our current age of financial revolution in fascinating historical perspective, \u003cem\u003eThe Origins of Value\u003c\/em\u003e tells a remarkable story of invention, illuminating many key episodes in the course of financial history.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cstrong\u003eWilliam Goetzmann\u003c\/strong\u003e is the Edwin J. Beinecke Professor of Finance and Management Studies, and Director of the International Center for Finance at Yale. He has written extensively on historical capital markets and investing. And as former director of Denver's Museum of Western Art, he co-authored the award-winning book \u003cem\u003eThe West of the Imagination\u003c\/em\u003e. \u003cstrong\u003eK. Geert Rouwenhorst\u003c\/strong\u003e is Professor of Finance at the Yale School of Management and Deputy Director of the International Center for Finance at Yale. He is an expert on international finance and stock markets around the globe. The work of both authors, including their separate and joint research, has been published in all of the major academic journals in Finance, and has been widely featured in the financial press, including \u003cem\u003eBarron's, The Wall Street Journal, The New York Times, Business Week\u003c\/em\u003e and \u003cem\u003eThe Economist\u003c\/em\u003e. The International Center for Finance at Yale is an interdisciplinary research institute focused on financial economics and the role of capital markets in society.\u003cbr\u003e","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":50844084502802,"sku":"9780195175714","price":193.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_60f2f2bd-6d73-4b0c-b69f-8f8b518aa32b.jpg?v=1737310294","url":"https:\/\/surprise-castle.myshopify.com\/products\/the-origins-of-value-9780195175714","provider":"Surprise Castle","version":"1.0","type":"link"}