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Review
“Mixes the helpful, the sarcastic and the entertaining…[with] a touch of Ambrose Bierce’s Devil’s Dictionary about it.†- Jim Higgins, Milwaukee Journal Sentinel“An idiosyncratic collection of short, sharp essays translating the jargon of finance with admirable concision and wit.†- Peter Sokolowski, New York Times Book Review“Lays out the case for financial literacy and then provides an essential glossary of terms for those who would like to achieve this happy state.†- Sarah Lyall, New York Times“A hugely enjoyable book…Lanchester is a kind of brainy Everyman, a brilliant communicator.†- Melanie Reid, The Times“An entertaining and informative read…Witty, provocative and engaging.†- Evening Standard“Insightful and often funny…An invaluable primer.†- Ian Critchley, Sunday Times“One of the world’s great explainers of the financial crisis and its aftermath.†- Michael Lewis“Reading this book is like meeting an easy-going guy at a cocktail party who can explain everything that’s always mystified you about high finance―‘inverted yield curve,’ anyone?―with sparkle, wit, and crystal clarity. And if you’re already a finance-insider, you’ll get a kick out of Lanchester’s sly ironies.†- Jim Holt, best-selling author of Why Does the World Exist?
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About the Author
John Lanchester is the author of five novels, including The Wall, the best-selling Debt to Pleasure and Capital, as well as several works of nonfiction, including I.O.U. and How to Speak Money. His books, which have been translated into twenty-five languages, have won the Whitbread First Novel Prize, the Hawthornden Prize, and the E. M. Forster Award of the American Academy of Arts and Letters. He is a contributing editor to the London Review of Books and a regular contributor to The New Yorker. He lives in London.
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Product details
Paperback: 288 pages
Publisher: W. W. Norton & Company; 1 edition (October 26, 2015)
Language: English
ISBN-10: 039335170X
ISBN-13: 978-0393351705
Product Dimensions:
5.5 x 0.8 x 8.3 inches
Shipping Weight: 12.6 ounces (View shipping rates and policies)
Average Customer Review:
4.0 out of 5 stars
55 customer reviews
Amazon Best Sellers Rank:
#222,274 in Books (See Top 100 in Books)
This book begins with a long-winded discourse on the use of language to bamboozle, obfuscate, and exert power, followed by a witty, educational and occasionally biased glossary of economic, financial and banking terms, followed by a long-winded, politically biased afterword. This book would earn a 5th star from me if the discourses before and after the glossary were halved, and if the pages freed up in so doing were used to lengthen the glossary, which is missing words that it really should have. The audio CD version of the book was wonderfully read by a guy whose refined voice and occasionally snarky tone put me off initially; but eventually I realized he was perfect for this book. Five stars for his narration.
I bought this book for my college-age son who plans to major in business or economics at UC Berkeley. I had heard John Lanchester interviewed by Michael Lewis ("Moneyball") and a strong point that Mr. Lanchester made in that interview was that he wrote this book for the many people who don't understand money terms and sometimes pretend like they do. When I gave it to my son he thanked me profusely and started reading it right away. He thinks it's very useful for him right now and will continue to help him in his future career.
This is very interesting and informative. I thought I knew all the terms defined in this book, but Lanchester has a very different view of the matter, and I learned a lot about economics. He's very good at giving a concrete explanation of what seems abstract.FWIW, I also like Lanchester's talk 'Marx at 193' in the London Review of Books, which is what led me to this book in the beginning. Lanchester is not a Marxist, but he is very sympathetic to the central questions of Marx's writing. While he may not agree with Marx's answers, the questions still bear thinking about.
I can't say enough about how informative this book is.John Lanchester has an uncanny nack for articulating verbal mysteries that you didn't even realize you had been wondering about.Example: It had never occurred to me that the word "fiscal" and the word "monetary" had different meanings.But they do.And now I know what they mean.If you read this book, you will too.John Lanchester, sir, you are a boss.Thanks for writing this book.
A great book that simplifies basic money language. John Lanchester doesn't work in finance but started to have an interest in the terms that he was hearing and reading mainly during the financial crisis which is what makes the book so understandable. Don't expect a story, this book is more like a dictionary full of phrases for people who have an interest in learning finance and financial language.
Very well written and presented. Better than that a brilliant perspective on the ethical behaviour of us all in relationship to money and how it harms and helps the global community. Whatever you do read the AFTERWORD as it will give you insight and language to make your discussions with others more meaningful and more influential.
While I knew most of the content already, I learned from the new words. I especially enjoyed the Epilog discussion focusing on the state of the world's economy and future expectations. In all, an easy to digest compendium.
This one is so full of information, it's hard to get through. Keep at it, though. It's worth it, There are so few things that give you any semblance of fiscal education that it's well worth the time it takes to read this.
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