Business Books

Banking (and money) is alchemy – Mervyn King (ex-Gov of the Bank of England)

The Money Show’s Bruce Whitfield interviewed former Governor of the Bank of England Mervyn King for his weekly business book review.

King spoke about his new book entitled “The End of Alchemy - Banking, the Global Economy and the Future of Money”.

Unlike aeroplane crashes, financial crises have become more, not less frequent.

Mervyn King, former Governor of the Bank of England

Description on Amazon:

The past 20 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.

The End of 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?

Listen to the audio for more detail.

Subscribe to our Business Wrap Newsletter

Read More
‘South Africa (and the world) can succeed without economic growth’

‘South Africa (and the world) can succeed without economic growth’

The Money Show’s Bruce Whitfield interviews University of Pretoria Professor of Political Economy Lorenzo Fioramonti.

How to develop unshakeable confidence (and become the best version of yourself)

How to develop unshakeable confidence (and become the best version of yourself)

The Money Show’s Bruce Whitfield interviews Lori Milner, co-author of “Own Your Space: The Toolkit for the Working Woman”.

8 strategy practices that give winning companies the edge

8 strategy practices that give winning companies the edge

The Money Show’s Bruce Whitfield interviews Strategist and author Tony Manning about his new book “The Critical Core”.

Jay Naidoo begs for change (now, or we’re 'heading for an explosion')

Jay Naidoo begs for change (now, or we’re 'heading for an explosion')

Bruce Whitfield interviews former Minister (1994 – 1999) Jay Naidoo about his new book “Change - Organising tomorrow, today”.

12 mantras that Shaun Tomson (one of the greatest surfers ever) lives by

12 mantras that Shaun Tomson (one of the greatest surfers ever) lives by

The Money Show’s Bruce Whitfield interviews Tomson about his inspirational new book “The Code: The Power of ‘I Will’”.

What South Africa may look like in 2030

What South Africa may look like in 2030

Bruce Whitfield interviews famed scenario planner Frans Cronje about his book “A Time Traveller's Guide to South Africa in 2030”.

Popular articles
Home Affairs to follow up on special dispensation permit for Zimbabweans in SA

Home Affairs to follow up on special dispensation permit for Zimbabweans in SA

Home Affairs Minister Hlengiwe Mkhize says her department will respond to all Zimbabweans under special dispensation.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

How did Ngebulana build his empire? The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.

5 advantages of leasing instead of owning a car (lower monthly payments!)

5 advantages of leasing instead of owning a car (lower monthly payments!)

Want (or need) a new car? Dale Scorer (a wealth manager at AlphaWealth) reckons you should consider leasing.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?