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Gavin Jackson
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Money in One Lesson: How it Works and Why Kindle Edition

by Gavin Jackson (Author) Format: Kindle Edition
4.4 out of 5 stars 93 ratings

'Superb' - Tim Harford, author of How to Make the World Add Up

Money is essential to the economy and how we live our lives, yet is inherently worthless. We can use it to build a home or send us to space, and it can lead to the rise and fall of empires. Few innovations have had such a huge impact on the development of humanity, but money is a shared fiction; a story we believe in so long as others act as if it is true.

Money is rarely out of the headlines – from the invention of cryptocurrencies to the problem of high inflation, extraordinary interventions by central banks and the power the West has over the worldwide banking system. In Money in One Lesson, Gavin Jackson answers the most important questions on what money is and how it shapes our world, drawing on vivid examples from throughout history to demystify and show how societies and its citizens, both past and present, are always entwined with matters of money.

‘A highly illuminating, well-researched and beautifully written book on one of humanity’s most important innovations’ – Martin Wolf, chief economics commentator, Financial Times

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  1. Print length
    409 pages
  2. Language
    English
  3. Publisher
    Macmillan
  4. Accessibility
    Learn more
  5. Publication date
    January 20, 2022
  6. Reading age
    18 years and up
  7. File size
    1.3 MB
  8. Page Flip
    Enabled
  9. Word Wise
    Not Enabled
  10. Enhanced typesetting
    Enabled
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Editorial Reviews

Review

"Delightful and deep . . . a superb account of the strange connections between money and economics." --Tim Harford, author, The Data Detective"A highly illuminating, well researched and beautifully written book on one of humanity's most important innovations. People both love and hate money. But mostly, they fail to understand it. Such ignorance is not bliss. Happily, this book will go far to cure it." --Martin Wolf, chief economics commentator, the Financial Times"A lucid exposition of a widely misunderstood topic, liberally illustrated with nuggets of intriguing information." --John Kay, author, Radical Uncertainly

About the Author

Gavin Jackson is an economics correspondent at The Economist, writing about climate change and specializing in economics, business and public policy. He is an emerging voice on the economy and has appeared on BBC Radio and TV. Money in One Lesson is his first book.

Product details

  • ASIN ‏ : ‎ B09K82J6KD
  • Publisher ‏ : ‎ Macmillan
  • Accessibility ‏ : ‎ Learn more
  • Publication date ‏ : ‎ January 20, 2022
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 1.3 MB
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Not Enabled
  • Word Wise ‏ : ‎ Not Enabled
  • Print length ‏ : ‎ 409 pages
  • ISBN-13 ‏ : ‎ 978-1529051872
  • Page Flip ‏ : ‎ Enabled
  • Reading age ‏ : ‎ 18 years and up
  • Customer Reviews:
    4.4 out of 5 stars 93 ratings

About the author

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Gavin Jackson

Gavin Jackson

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Customer reviews

4.4 out of 5 stars
93 global ratings

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Top reviews from the United States

  • Jeff of Brooklyn
    5.0 out of 5 stars Essential concepts explained clearly
    Reviewed in the United States on August 17, 2023
    Format: Kindle
    I have a good understanding of monetary policy but I learned some things from this book. Excellent explanations of fundamental money concepts as well as the history. I found the origin story particularly fascinating. I never thought of barter as a cultural foundation and long term practice.
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  • Svein Ølnes
    4.0 out of 5 stars A very good book on how money works
    Reviewed in the United States on July 6, 2022
    Format: Audible Audiobook
    I highly recommend this book as an introduction to how money works. It is well written with many interesting and relevant anecdotes and histories. Different topics related to money are explained in a very good way. The book has some shortcomings, however, and that's the reason for not giving it 5 stars.

    Although it can hardly be held against the author, the book covers the recent time up to mid-2021 and as such misses the interesting development with an increasing inflation which we experience now. That said, a lot of people warned against coming inflation early on in the pandemic because of the "money printer going brrr", to quote a much-used Bitcoin meme. Therefore, the part describing inflation seems to be missing some important lessons.

    What the author could have covered better is our credit-based money and what it means for our society. It can be argued that our present fiat system built on credit is an important reason for the severe climate challenge we have. Also, the enormous pressure for growth and profits, especially on public companies with quarterly reporting of results. This incentivises shortsighted actions at the expense of more longsighted actions.

    Working with Bitcoin both as a researcher and teacher I was curious about how this topic was covered. After a promising start, the author quickly fell victim to the well-known FUD (used by criminals, speculation, energy waste ++). Perhaps it was naive to expect something else from a journalist at Financial Times, but given the quality of the rest of the book, I was disappointed. The 5th star disappeared there..

    The book has a ton of references, both from the media and from scientific articles. It strengthens the impression of a thoroughly researched work.
    7 people found this helpful
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Top reviews from other countries

  • Anne Dawson
    5.0 out of 5 stars Brilliant, informative, entertaining, well written
    Reviewed in the United Kingdom on May 28, 2022
    Format: HardcoverVerified Purchase
    A great read for anyone who wants to learn more about how money works. Clear explanations a well researched book with illustrative anecdotes which add colour and help us understand it’s role in our lives.
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  • glaS
    5.0 out of 5 stars Very Good
    Reviewed in India on November 5, 2024
    Format: PaperbackVerified Purchase
    Very Good
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  • Sharikc
    5.0 out of 5 stars well written but detailed
    Reviewed in India on August 16, 2023
    Format: KindleVerified Purchase
    Really well done Gavin! Written easily enough for a layperson, adds enough economic history and detail for a grad student. Great narrative.
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  • Amazon Customer
    5.0 out of 5 stars Brilliant, succinct, enlightening
    Reviewed in the United Kingdom on May 29, 2022
    Format: HardcoverVerified Purchase
    Loved this. Teaches a lot in an extremely grokkable fashion.
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  • Matthew Edwards
    5.0 out of 5 stars Entertaining and clear
    Reviewed in the United Kingdom on January 25, 2022
    Format: KindleVerified Purchase
    This book is absolutely full of interesting anecdotes and clear explanations of how money works.
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