
Money
The True Story of a Made-Up Thing
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Narrated by:
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Jacob Goldstein
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By:
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Jacob Goldstein
About this listen
The cohost of the popular NPR podcast Planet Money provides a well-researched, entertaining, somewhat irreverent look at how money is a made-up thing that has evolved over time to suit humanity's changing needs.
Money only works because we all agree to believe in it. In Money, Jacob Goldstein shows how money is a useful fiction that has shaped societies for thousands of years, from the rise of coins in ancient Greece to the first stock market in Amsterdam to the emergence of shadow banking in the 21st century.
At the heart of the story are the fringe thinkers and world leaders who reimagined money. Kublai Khan, the Mongol emperor, created paper money backed by nothing, centuries before it appeared in the West. John Law, a professional gambler and convicted murderer, brought modern money to France (and destroyed the country's economy). The cypherpunks, a group of radical libertarian computer programmers, paved the way for bitcoin.
One thing they all realized: What counts as money (and what doesn't) is the result of choices we make, and those choices have a profound effect on who gets more stuff and who gets less, who gets to take risks when times are good, and who gets screwed when things go bad.
Lively, accessible, and full of interesting details (like the 43-pound copper coins that 17th-century Swedes carried strapped to their backs), Money is the story of the choices that gave us money as we know it today.
©2020 AG Prospect, LLC (P)2020 Hachette BooksListeners also enjoyed...
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Critic reviews
A Publishers Weekly Top 10 Selection in Business & Economics
"Jacob Goldstein is a lucid, entertaining explainer of all things economic." —Ira Glass, host and executive producer of "This American Life"
"A sweeping new history....Money is fast-paced and chatty: We meet all the characters an academic book would include, their ideas and innovations blended with scandal and gossip to propel the story along. The effect is a history of currency full of astonishing tales you might tell a friend in the pub....This story gets to the heart of why money matters....Money should be required reading for every financial regulator....Money is great preparation for turbulent times: a vibrant and accessible grounding in how the evolution of cash -- organic, random, and social -- really works." —The New York Times
\"Jacob Goldstein of 'Planet Money' has a remarkable gift for making complicated economic issues beguilingly simple. He has written a wonderfully entertaining, freewheeling history of money, told with all the verve and wit and smart insights that have made his NPR show such a success."—Liaquat Ahamed, author of Pulitzer Prize winner Lords of Finance: The Bankers Who Broke the World
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Interesting annecdotes, but very biased reporting
- By Dean on 10-13-11
By: Jack Weatherford
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The Company I Keep
- My Life in Beauty
- By: Leonard A. Lauder
- Narrated by: Arthur Morey
- Length: 12 hrs and 4 mins
- Unabridged
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In his much-anticipated memoir, The Company I Keep: My Life in Beauty, Chairman Emeritus and former CEO of The Estée Lauder Companies Leonard A. Lauder shares the business and life lessons he learned as well as the adventures he had while helping transform the mom-and-pop business his mother founded in 1946 in the family kitchen into the beloved brand and ultimately into the iconic global prestige beauty company it is today.
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Enchanting & motivational
- By MB on 11-23-20
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In the Blood
- How Two Outsiders Solved a Centuries-Old Medical Mystery and Took On the US Army
- By: Charles Barber
- Narrated by: Ron Butler
- Length: 7 hrs and 50 mins
- Unabridged
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At the 1993 Battle of Mogadishu, dramatized by the popular film Black Hawk Down, the majority of soldiers who died were killed instantly or bled to death before they could reach an operating table. This tragedy reinforced the need for a revolutionary treatment that could transform trauma medicine. So, when Frank Hursey and Bart Gullong—who had no medical or military experience—discovered that a cheap, crushed rock called zeolite had blood‑clotting properties, they brought it to the military's attention. The Marines and the Navy adopted the resulting product, QuikClot, immediately.
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Excellent medical history
- By Anthony on 07-01-23
By: Charles Barber
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How to Use Limited Liability Companies and Limited Partnerships
- Getting the Most Out of Your Legal Structure
- By: Garrett Sutton
- Narrated by: Garrett Sutton
- Length: 9 hrs and 47 mins
- Unabridged
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How to Use Limited Liability Companies and Limited Partnerships clearly explains the key asset protection strategies available to entrepreneurs and real estate investors using the right entities. This fourth edition of Garrett Sutton's best-selling book has been completely updated to reflect important changes affecting limited liability companies. Asset protection is a dynamic area of the law, and this new edition sets forth the strongest and most useful tactics for protecting businesses, real estate, intellectual property, and paper assets.
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Excellent for first time business owners
- By Craig Shields on 11-13-17
By: Garrett Sutton
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A Brief History of Earth
- Four Billion Years in Eight Chapters
- By: Andrew H. Knoll
- Narrated by: Tom Parks
- Length: 4 hrs and 57 mins
- Unabridged
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Drawing on his decades of field research and up-to-the-minute understanding of the latest science, renowned geologist Andrew H. Knoll delivers a rigorous yet accessible biography of Earth, charting our home planet's epic 4.6 billion-year story. Placing 21st-century climate change in deep context, A Brief History of Earth is an indispensable look at where we’ve been and where we’re going.
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Very chilling and well thought out
- By Colin Bump on 05-21-21
By: Andrew H. Knoll
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The Power of Neurodiversity
- Unleashing the Advantages of Your Differently Wired Brain
- By: Thomas Armstrong PhD
- Narrated by: Mike Lenz
- Length: 7 hrs and 31 mins
- Unabridged
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From ADHD and dyslexia to autism, the number of diagnosis categories listed by the American Psychiatric Association has tripled in the last fifty years. With so many affected, it is time to revisit our perceptions of people with disabilities. Psychologist and educator Thomas Armstrong illuminates a new understanding of neuropsychological disorders. He argues that if they are a part of the natural diversity of the human brain, they cannot simply be defined as illnesses. Armstrong explores the evolutionary advantages, special skills, and other positive dimensions of these conditions.
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A Step in the Right Direction
- By Rowan Mendoza on 11-03-21
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Talk to Me
- How to Ask Better Questions, Get Better Answers, and Interview Anyone like a Pro
- By: Dean Nelson
- Narrated by: Michael David Axtell
- Length: 10 hrs and 9 mins
- Unabridged
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From respected journalist, professor, and founder of the Writer's Symposium by the Sea, an audiobook that demystifies the art and science of interviewing, in the vein of On Writing Well or How to Read Literature like a Professor. Nelson walks listeners through each step of the journey from deciding whom to interview and structuring questions, to the nitty-gritty of how to use a recording device and effective note-taking strategies, to the ethical dilemmas of interviewing people you love (and loathe).
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Not just for journalist;great for Salespeople also
- By Eric D. Knowles on 03-28-19
By: Dean Nelson
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Act Like You Got Some Sense
- And Other Things My Daughters Taught Me
- By: Jamie Foxx
- Narrated by: Jamie Foxx, Corinne Foxx
- Length: 5 hrs and 47 mins
- Unabridged
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Jamie Foxx has won an Academy Award and a Grammy Award, laughed with sitting presidents, and partied with the biggest names in hip-hop. In Act Like You Got Some Sense, Jamie shares up close and personal stories about the tough love and old-school values he learned growing up in the small town of Terrell, Texas; his early days trying to make it in Hollywood; the joys and challenges of achieving stardom; and how each phase of his life shaped his parenting journey. Hilarious, poignant, and always brutally honest, this is Jamie Foxx like we’ve never seen him before.
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What a Dad
- By Martha Maderal on 10-21-21
By: Jamie Foxx
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The Wrong Stuff
- How the Soviet Space Program Crashed and Burned
- By: John Strausbaugh
- Narrated by: LJ Ganser
- Length: 8 hrs and 36 mins
- Unabridged
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In the wake of World War II, with America ascendant and the Soviet Union devastated by the conflict, the Space Race should have been over before it started. But the underdog Soviets scored a series of victories—starting with the 1957 launch of Sputnik and continuing in the years following--that seemed to achieve the impossible. It was proof, it seemed, that the USSR had manpower and collective will that went beyond America's material advantages. They had asserted themselves as a world power. But in The Wrong Stuff, John Strausbaugh tells a different story.
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Limited storyline repeated over and over as the book slowly winds along.
- By Dr. Michael B on 05-04-25
By: John Strausbaugh
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The Deficit Myth
- Modern Monetary Theory and the Birth of the People's Economy
- By: Stephanie Kelton
- Narrated by: Stephanie Kelton
- Length: 10 hrs and 52 mins
- Unabridged
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Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country.
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Good core idea, ruined by polemics
- By Amaze on 06-25-20
By: Stephanie Kelton
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The End of Alchemy
- Money, Banking, and the Future of the Global Economy
- By: Mervyn King
- Narrated by: Greg Wagland
- Length: 14 hrs and 3 mins
- Unabridged
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Something is wrong with our banking system. We all sense that, but Mervyn King knows it firsthand; his 10 years at the helm of the Bank of England, including at the height of the financial crisis, revealed profound truths about the mechanisms of our capitalist society. In The End of Alchemy, he offers us an essential work about the history and future of money and banking, the keys to modern finance.
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Two books in one, both very fine
- By Philo on 07-13-16
By: Mervyn King
What listeners say about Money
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- pikazz
- 03-22-21
Very educational and interesting!
I have been an avid listener for the Planet Money podcast, so maybe I am biased, but I really enjoyed this book! Jacob has made the history of money entertaining yet informative. I understand that each of the chapter of this book should probably have a book or 2 by itself, but I think that is for readers to dig in at their discretion. As far as a brief history of money goes, this book has been a good read. Keep it going!
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10 people found this helpful
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- Nickolas
- 03-03-22
If you think you know what money is, think again.
If you think you know what money is, think again. Until you read this book, you don't know diddly squat.
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3 people found this helpful
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- ShanghaiLilly
- 09-20-22
Good but abrupt ending
Interesting parts of the story of the history of money but seemed like vignettes rather than a coherent story. Seemed to end abruptly. I liked the book but it could be sewn into a better more coherent narrative.
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1 person found this helpful
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- Rob M.
- 10-28-20
A new classic
I love economic and financial topics, and this has made the list of must listen.
Twice I went for a walk with Money playing and listened so intently I had walked for several miles in a straight line away from the house. start this book with a loop in mind that ends where you started, or be ready to call for an uber.
The book explores many topics that are worth the time, and has the must thorough explanation of the gold standard I’ve ever heard.
I’ve listened through completely twice, for sure Ill be listening again sometime over the next few years, perhaps even a print copy.
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1 person found this helpful
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- Anonymous User
- 09-28-20
Required Reading for 2020
I have never heard anything outline the fallacy of money in a more palatable way. I will be continuing to research modern monetary theory for future fights with finance bros.
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- Eduardo Sales
- 04-10-22
Great!
I really enjoyed listening to this one. It's a historical and somewhat philosophical view on Money, how it began and how we see it today.
The book is from 2020, even has a comprehensive (enough) chapter about bitcoin.
I'm by no means an expert on the topic, but I like to learn and this book was great. Short and direct, using clear language and explaining enough to grasp the subject but not talking down like the reader is child.
Highly recommended.
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- Bill in CT
- 06-07-22
We Think We Know What Money Is
This short book is the best dissection of that with which we trade value that I have seen or read. It tells the fascinating and twisteds tale of how money came to be (and BTW, conventional wisdom ain't quite right). Along the way, we learn how to mismanage monetary policy in many ostensibly honest ways. The author makes a compelling case that the fiction--that is, our shared belief--is still developing. Money was different than it is today and will be different tomorrow.
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- Yoshi Tryba
- 12-26-22
makes a very hard topic easier to understand
tackles one of the most complex questions "what is money?" and provides a brief history and strong summary
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- galgal
- 08-30-23
eye opening and informative
This book is great At making the concept of banking more Understandable And Proposing ways to improve it and why it's like this today
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- Thomas Esch
- 10-24-21
Engaging and Illuminating history of money
As a long time listener of planet money, I had high expectations, and they were definitely met.
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2 people found this helpful