Mervyn King, formerly of the Bank of England, in "The End of Alchemy" has a great parable of an island populated by fishermen. It starts with a pretty basic need of financing the nets and boats to do the fishing, where the lender then gets slowly repaid with the fish caught.…
If you're interested in monetary policy and a fundamental analysis of the state of money and banking in the world today, I highly recommend "The End of Alchemy" by Mervyn King [0]. The book starts with a long history of why we have money at all, why it takes the forms it takes, and how banks evolved into their current role. It then goes on to describe why…
If I may recommend a book that really will make most people change their perspectives it's "The End of Alchemy: Money, Banking, and the Future of the Global Economy" Rarely have I read a book which made me think about a subject I thought I had a pretty good understanding of completely different. And if that is…
A good book to read for anyone interested in economics is called "The End of Alchemy: Money, Banking, and the Future of the Global Economy", by Mervyn King, who was head of the Bank of England for about 10 years and during the financial crises of 2007-8. In the book, he discusses "the…
I think Mervyn King's take in "The end of Alchemy" is a better approach from a practical perspective than Taleb's though. Essentially that we just need to stop kidding ourselves that we can predict the tails, and to build greater buffers into all our…
英国央行前行长默文·金在《炼金术的终结》里讲了一个很棒的渔民小岛的寓言。故事始于为捕鱼所需的渔网和船只提供融资这一基本需求，随后贷款人再通过捕获的鱼慢慢获得偿还。……
Mervyn King, formerly of the Bank of England, in "The End of Alchemy" has a great parable of an island populated by fishermen. It starts with a pretty basic need of financing the nets and boats to do the fishing, where the lender then gets slowly repaid with the fish caught.…
如果你对货币政策以及当今世界货币与银行业现状的基础分析感兴趣，我强烈推荐默文·金的《炼金术的终结》[0]。这本书开篇用很长的篇幅梳理了我们为什么会有货币、货币为何采取现有形式，以及银行是如何演变成今天的角色的。接着它继续阐述了为什么……
If you're interested in monetary policy and a fundamental analysis of the state of money and banking in the world today, I highly recommend "The End of Alchemy" by Mervyn King [0]. The book starts with a long history of why we have money at all, why it takes the forms it takes, and how banks evolved into their current role. It then goes on to describe why…
如果让我推荐一本真正能让大多数人改变看法的书，那就是《炼金术的终结：货币、银行与全球经济的未来》。很少有一本书能让我对自己自以为非常了解的主题产生完全不同的思考。如果这是……
If I may recommend a book that really will make most people change their perspectives it's "The End of Alchemy: Money, Banking, and the Future of the Global Economy" Rarely have I read a book which made me think about a subject I thought I had a pretty good understanding of completely different. And if that is…
对于任何对经济学感兴趣的人来说，一本值得一读的好书是《炼金术的终结：货币、银行与全球经济的未来》，作者是默文·金，他曾掌管英国央行约 10 年，并经历了 2007-2008 年的金融危机。在书中，他探讨了“……
A good book to read for anyone interested in economics is called "The End of Alchemy: Money, Banking, and the Future of the Global Economy", by Mervyn King, who was head of the Bank of England for about 10 years and during the financial crises of 2007-8. In the book, he discusses "the…
不过我觉得默文·金在《炼金术的终结》里的观点从实际角度来看比塔勒布的更好。核心就在于我们别再自欺欺人地以为自己能预测长尾风险了，而应该在所有的……中建立更大的缓冲。
I think Mervyn King's take in "The end of Alchemy" is a better approach from a practical perspective than Taleb's though. Essentially that we just need to stop kidding ourselves that we can predict the tails, and to build greater buffers into all our…
关于那个话题（当代货币政策），我觉得默文·金的《炼金术的终结》相当有趣且通俗易懂。
On that topic (contemporary monetary policy), I've found "the end of alchemy" by Mervyn King fairly interesting and accessible.