ICF Origins of Value Featured in 50 Things that Made the Modern Economy

August 4, 2017

BBC’s Tim Hartford picked 50 innovations that created the modern economy – three of these come from the pages of Will Goetzmann and Geert Rouwenhorst’s “The Origins of Value: The Financial Innovations That Created Modern Capital Markets” (2005), a book produced by the International Center for Finance and published by Oxford University Press.  Hartford’s vivid podcasts bring to life the knights Templar’s role in origins of international banking, cuneiform and the invention of written contracts, the Chinese invention of paper money, the emergence of securitization of life expectancy, and the curious story of tally sticks  that served as Britain’s first bonds.  The ICF continues to publish books, collect  historical documents, create historical databases and sponsor research in financial history.  It is internationally recognized for its efforts to place the modern financial system in historical context.

Click here to view all of the podcasts or click the following: Paper Money, Tally Stick, & Insurance.

Other podcasts that cite Will Goetzmann’s latest book, “Money Changes Everything: How Finance Made Civilization Possible”: CuneiformBanking


About the author

William N. Goetzmann

Edwin J. Beinecke Professor of Finance and Management Studies & Director of the International Center for Finance