The Cash Nexus
Money and Power in the Modern World, 1700-2000
by:
Niall Ferguson
in:
European History
Summary:
The book explores the complex relationship between economic and political power over three centuries, arguing that financial aspects often drive historical events and political outcomes. It examines the evolution of financial institutions, the impact of economic networks on empires and states, and challenges the notion that economic forces are secondary to politics and ideology in shaping world history.
Key points:
1. The Cash Nexus Concept: Ferguson disputes the Marxist view that economics solely shape society. He uses the term "cash nexus" to show how money intertwines with politics and culture, but also highlights the importance of institutions and choices.
