The End Of Alchemy


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'A fearless and important book . . . The End of Alchemy isn't just an elegant guide to the history of economic ideas. It also gives a genuine insider's account' Telegraph The past twenty years saw unprecedented growth and stability followed by the worst financial crisis the industrialised world has ever witnessed. In the space of little more than a year what had been seen as the age of wisdom was viewed as the age of foolishness. Almost overnight, belief turned into incredulity. Most accounts of the recent crisis focus on the symptoms and not the underlying causes of what went wrong. But those events, vivid though they remain in our memories, comprised only the latest in a long series of financial crises since our present system of commerce became the cornerstone of modern capitalism. Alchemy explains why, ultimately, this was and remains a crisis not of banking - even if we need to reform the banking system - nor of policy-making - even if mistakes were made - but of ideas. In this refreshing and vitally important book, former governor of the Bank of England Mervyn King - an actor in this drama - proposes revolutionary new concepts to answer the central question: are money and banking a form of Alchemy or are they the Achilles heel of a modern capitalist economy?

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Author by Mervyn King
Genre eBook Business & Economics
Read Book 448
ISBN Number 9781408706121

The Alchemist


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The Alchemist By Paulo Coelho While sleeping near a sycamore tree in the sacristy of an abandoned church, Santiago, a shepherd boy, has a recurring dream about a child who tells him that he will find a hidden treasure if he travels to the Egyptian pyramids. An old woman tells Santiago that this dream is prophetic and that he must follow its instructions. Santiago is uncertain, however, since he enjoys the life of a shepherd. Next Santiago meets a mysterious old man who seems able to read his mind. This man introduces himself as Melchizedek, or the King of Salem. He tells Santiago about good and bad omens and says that it is the shepherd boy's duty to pursue his Personal Legend. Melchizedek then gives Santiago two stones, Urim and Thummim, with which to interpret omens. Santiago wavers briefly before selling his flock and purchasing a ticket to Tangier, in northern Africa, to which he travels by boat. Shortly after he arrives there, a thief steals all of Santiago's money, so the shepherd boy decides to look for a way to make enough money to return home. He finds work in the shop of a crystal merchant, where Santiago makes improvements that reap considerable financial rewards. After eleven months of working in the shop, Santiago is unsure of how to proceed. Should he return to Andalusia a rich man and buy more sheep? Or should he cross the vast Sahara in pursuit of the hidden treasure of his dreams? He joins a caravan traveling to Egypt. Santiago meets an Englishman who wants to learn the secret of alchemy, or turning any metal into gold, from a famous alchemist who lives at an oasis on the way to the pyramids. While traveling, Santiago begins listening to the desert and discovering the Soul of the World. The caravan eventually reaches the oasis, and there Santiago meets an Arab girl named Fatima and falls in love with her instantly. The caravan leader gathers the travelers together and tells them that tribal warfare prevents them from continuing their journey. Santiago wanders from the oasis into the desert and, seeing two hawks fighting in the sky, has a vision of an army entering the oasis. Because attacking an oasis is a violation of the rules of the desert, Santiago shares his vision with the oasis's tribal chieftain. Soon afterward, Santiago is confronted by a black-garbed, veiled stranger with a sword, who sits atop a white horse. It is the alchemist. The tribal chieftain arms his men, and they are well-prepared when the oasis is indeed invaded. The alchemist offers to cross the desert with Santiago. Soon the two men enter into an area of intense tribal warfare. Warriors hold the two men captive, but eventually allow them to continue their journey. The alchemist tells Santiago that he needs to return to the oasis, and that the rest of the trip is Santiago's to make alone so that he can claim his Personal Legend. Santiago arrives at the Egyptian pyramids and begins to dig. He finds nothing buried in the ground. Thieves beat Santiago and rob him of his money. After he tells them of his dream, though, one of the thieves recounts his own dream about a buried treasure in the sacristy of an abandoned church. Returning to Andalusia, Santiago goes back to the church where he dreamed of the treasure near the pyramids. He digs where he slept, beneath a sycamore tree, and there it is: Santiago's treasure.

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Author by P Coelho
Genre eBook
Read Book 86
ISBN Number 1512092452

The Rise Of Alchemy In Fourteenth Century England


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Author by
Genre eBook History
Read Book 279
ISBN Number 9781441181831

Prophecy Alchemy And The End Of Time


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In the middle of the fourteenth century, the Franciscan friar John of Rupescissa sent a dramatic warning to his followers: the end times were coming; the apocalypse was near. Rupescissa's teachings were unique in his era. He claimed that knowledge of the natural world, and alchemy in particular, could act as a defense against the calamity of the last days. He treated alchemy as medicine (his work was the conceptual forerunner of pharmacology), and reflected emerging technologies and views that sought to combat famine, plague, religious persecution, and war. In order to understand scientific knowledge as it is today, Leah DeVun asks that we revisit the Black Death, the Hundred Years' War, and the Avignon Papacy through Rupescissa's eyes. The advances he pioneered, along with the exciting strides made by his contemporaries, shed critical light on future developments in medicine, pharmacology, and chemistry.

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Author by Leah DeVun
Genre eBook History
Read Book 272
ISBN Number 9780231145398

Other People S Money


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Shortlisted for the Orwell Prize 2016 We all depend on the finance sector. We need it to store our money, manage our payments, finance housing stock, restore infrastructure, fund retirement and support new business. But these roles comprise only a tiny sliver of the sector's activity: the vast majority of lending is within the finance sector. So what is it all for? What is the purpose of this activity? And why is it so profitable? John Kay, a distinguished economist with wide experience of the financial sector, argues that the industry's perceived profitability is partly illusory, and partly an appropriation of wealth created elsewhere - of other people's money. The financial sector, he shows, has grown too large, detached itself from ordinary business and everyday life, and has become an industry that mostly trades with itself, talks to itself, and judges itself by reference to standards which it has itself generated. And the outside world has itself adopted those standards, bailing out financial institutions that have failed all of us through greed and mismanagement. We need finance, but today we have far too much of a good thing. In Other People's Money John Kay shows in his inimitable style what has gone wrong in the dark heart of finance.

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Author by John Kay
Genre eBook Business & Economics
Read Book 353
ISBN Number 9781782831549

Disknowledge


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'Disknowledge': knowing something isn't true, but believing it anyway. In this book, Katherine Eggert explores the crumbling state of learning in the 16th and 17th centuries. Even as the shortcomings of Renaissance humanism became plain to see, many intellectuals of the age had little choice but to treat their familiar knowledge systems as though they still held. Humanism thus came to share the status of alchemy: a way of thinking simultaneously productive and suspect, reasonable and wrongheaded.

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Author by Katherine Eggert
Genre eBook History
Read Book 384
ISBN Number 9780812247510

John Dee S Conversations With Angels


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This book is about Elizabethan England's most famous 'scientist' or natural philosopher John Dee and his 'conversations with angels'.

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Author by Deborah E. Harkness
Genre eBook History
Read Book 252
ISBN Number 052162228X

Between Debt And The Devil


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Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis. It didn’t happen because banks are too big to fail—our addiction to private debt is to blame. Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth—but it drives real estate booms and busts and leads to financial crisis and depression. Turner explains why public policy needs to manage the growth and allocation of credit creation, and why debt needs to be taxed as a form of economic pollution. Banks need far more capital, real estate lending must be restricted, and we need to tackle inequality and mitigate the relentless rise of real estate prices. Turner also debunks the big myth about fiat money—the erroneous notion that printing money will lead to harmful inflation. To escape the mess created by past policy errors, we sometimes need to monetize government debt and finance fiscal deficits with central-bank money. Between Debt and the Devil shows why we need to reject the assumptions that private credit is essential to growth and fiat money is inevitably dangerous. Each has its advantages, and each creates risks that public policy must consciously balance.

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Author by Adair Turner
Genre eBook Business & Economics
Read Book 320
ISBN Number 9780691175980

The Mysteries Of The Great Cross Of Hendaye


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Reveals that the alchemical transformation of base metal into gold symbolizes the transformation of the current Iron Age into the Golden Age, and that the greatest secret of alchemy, the imminent date of the apocalypse, is coded into an obscure monument in southwestern France.

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Author by Jay Weidner
Genre eBook Body, Mind & Spirit
Read Book 528
ISBN Number 089281084X

The Alchemy Of Forever


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People say 'love never dies'… but love might be the death of Seraphina. Seraphina has been alive since the Middle Ages, when her boyfriend, Cyrus, managed to perfect a method of alchemy that lets them swap bodies with any human being. She doesn't want to die, so she finds young people who are on the brink of death, and inhabits their bodies. When we meet Sera, she has landed in the body of a girl named Kailey who was about to die in a car accident. For the first time, Sera falls in love with the life of the person she's inhabiting. Sera also falls for the boy next door, Noah. And soon it's clear the feelings are returned. Unfortunately, she can never kiss Noah, because for her to touch lips with a human would mean the human's death. And she has even more to worry about: Cyrus is chasing her, and if she stays in one place for long, she puts herself -and the people she's grown to care for - in danger.

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Author by Avery Williams
Genre eBook Juvenile Fiction
Read Book 256
ISBN Number 9780857076823