Title
The Price Of Time: The Real Story Of Interest
Delivery time: 8-12 business days (International)
Winner Of The 2023 Hayek Book Prizelonglisted For The 2022 Financial Times Business Book Of The Year Awarda Comprehensive And Profoundly Relevant History Of Interest From One Of The Worlds Leading Financial Writers, The Price Of Time Explains Our Current Global Financial Position And How We Got Herein The Beginning Was The Loan, And The Loan Carried Interest. For At Least Five Millennia People Have Been Borrowing And Lending At Interest. The Practice Wasnt Always Popularin The Ancient World, Usury Was Generally Viewed As Exploitative, A Potential Path To Debt Bondage And Slavery. Yet As Capitalism Became Established From The Late Middle Ages Onwards, Denunciations Of Interest Were Tempered Because Interest Was A Necessary Reward For Lenders To Part With Their Capital. And Interest Performs Many Other Vital Functions: It Encourages People To Save; Enables Them To Place A Value On Precious Assets, Such As Houses And All Manner Of Financial Securities; And Allows Us To Price Risk.All Economic And Financial Activities Take Place Across Time. Interest Is Often Described As The Price Of Money, But It Is Better Called The Price Of Time: Time Is Scarce, Time Has Value, Interest Is The Time Value Of Money.Over The First Two Decades Of The Twentyfirst Century, Interest Rates Have Sunk Lower Than Ever Before. Easy Money After The Global Financial Crisis In 2007/2008 Has Produced Several Ill Effects, Including The Appearance Of Multiple Asset Price Bubbles, A Reduction In Productivity Growth, Discouraging Savings And Exacerbating Inequality, And Forcing Yield Starved Investors To Take On Excessive Risk. The Financial World Now Finds Itself Caught Between A Rock And A Hard Place, And Edward Chancellor Is Here To Tell Us Why. In This Enriching Volume, Chancellor Explores The History Of Interest And Its Essential Function In Determining How Capital Is Allocated And Priced.
By changing our most important processes and
products, we have already made a big leap forward. This ranges from the
increased use of more sustainable fibers to the use of more
environmentally friendly printing processes to the development of
efficient waste management in our value chain.
Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
Secure Payment
Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.
Secure Payment
Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.