Hardcover: 480 pages
Publisher: FT Press; 1 version (August 17, 2011)
The human race created cash and finance: then, our innovations recreated us. In Extreme Money, best-selling creator and world finance professional Satyajit Das tells how this occurred and what it means. Das reveals the spectacular, harmful cash video games which might be producing more and more huge bubbles of faux progress, prosperity, and wealth–whereas endangering the jobs, possessions, and futures of just about everybody exterior finance.
“…virtually in a category of its own — part history, part book of financial quotations, part cautionary tale, part textbook. It contains some of the clearest charts about risk transfer you will find anywhere. …Others have laid out the dire consequences of financialisation (“the conversion of everything into monetary form”, in Das’s phrase), however few have executed it with a wider or extra entertaining vary of references…[Extreme Money] does… attain an essential, if worrying, conclusion: financialisation could also be too deep-rooted to be torn out. As Das places it — characteristically borrowing a line from a film, Inception — “the hardest virus to kill is an idea”.
-Andrew Hill “Eclectic Guide to the Excesses of the Crisis” Financial Times (August 17, 2011)
Extreme Money named to the longlist for the 2011 FT and Goldman Sachs Business Book of the Year award.