Financial innovation and the descent of money : Reading Niall Ferguson on Siegmund Warburg

Whimster, Sam (2015) Financial innovation and the descent of money : Reading Niall Ferguson on Siegmund Warburg. Global Policy Institute Working Paper. pp. 1-14. (In Press)

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Abstract

Niall Ferguson’s biography of Siegmund Warburg probably came out just in time, in 2010, to be taken up as a topical work on a major City figure. Now some five years later one has to doubt whether the name of Siegmund Warburg signifies much at all. What was intended as a work to mark and celebrate the life of a financier now reads, just as validly, as an important work of historical scholarship. The attraction now lies in seeing how a career of heroic financial innovation has become submerged by a world of financial mayhem on an industrial scale to the extent that it is no longer possible to talk in terms of the banking values that so animated Siegmund Warburg - what he called the feu sacré.

Item Type: Article
Uncontrolled Keywords: Global Policy Institute Working Paper, GPI policy papers, biographies, book review, Niall Ferguson, High financier : the lives and time of Siegmund Warburg. New York: PenguinPress, 2010
Subjects: 300 Social sciences > 330 Economics
Department: Guildhall School of Business and Law
Depositing User: David Pester
Date Deposited: 15 Apr 2015 13:13
Last Modified: 15 Apr 2015 14:52
URI: http://repository.londonmet.ac.uk/id/eprint/341

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