{"title":"Business \u0026 Economics--Interest","description":null,"products":[{"product_id":"the-price-of-time-the-real-story-of-interest","title":"The Price of Time: The Real Story of Interest","description":"\u003cp\u003e\u003cb\u003eWinner of the 2023 Hayek Book Prize\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eLonglisted for the 2022 \u003ci\u003eFinancial Times\u003c\/i\u003e Business Book of the Year Award\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eA comprehensive and profoundly relevant history of interest from one of the world's leading financial writers, \u003ci\u003eThe Price of Time\u003c\/i\u003e explains our current global financial position and how we got here\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eIn the beginning was the loan, and the loan carried interest. For at least five millennia people have been borrowing and lending at interest. The practice wasn't always popular--in the ancient world, usury was generally viewed as exploitative, a potential path to debt bondage and slavery. Yet as capitalism became established from the late Middle Ages onwards, denunciations of interest were tempered because interest was a necessary reward for lenders to part with their capital. And interest performs many other vital functions: it encourages people to save; enables them to place a value on precious assets, such as houses and all manner of financial securities; and allows us to price risk.\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eAll economic and financial activities take place across time. Interest is often described as the \"price of money,\" but it is better called the \"price of time: \" time is scarce, time has value, interest is the time value of money.\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eOver the first two decades of the twenty-first century, interest rates have sunk lower than ever before. Easy money after the global financial crisis in 2007\/2008 has produced several ill effects, including the appearance of multiple asset price bubbles, a reduction in productivity growth, discouraging savings and exacerbating inequality, and forcing yield starved investors to take on excessive risk. The financial world now finds itself caught between a rock and a hard place, and Edward Chancellor is here to tell us why. In this enriching volume, Chancellor explores the history of interest and its essential function in determining how capital is allocated and priced.\u003c\/p\u003e\u003cdiv style=\"display:none\"\u003eISBN-10: 0802161782\u003cbr\u003eISBN-13: 9780802161789\u003cbr\u003eAuthor: Chancellor, Edward\u003cbr\u003ePublisher: Atlantic Monthly Press\u003cbr\u003e\n\u003c\/div\u003e","brand":"Atlantic Monthly Press","offers":[{"title":"Paperback (Mar 2026)","offer_id":46291795509445,"sku":"9780802161789","price":26.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0708\/6414\/2533\/files\/9780802161789.jpg?v=1780113096"},{"product_id":"the-simple-road-toward-financial-freedom-a-guide-to-helping-young-adults-build-wealth","title":"The Simple Road Toward Financial Freedom: A Guide to Helping Young Adults Build Wealth","description":"\u003cp\u003e\u003cstrong\u003eA bestselling personal finance book for young adults, recent graduates, and beginners-designed to teach the money habits school never taught so you can stop living paycheck to paycheck, start saving with confidence, and build long-term financial freedom.\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003eSimple enough for your first job. Powerful enough to reset your money at any stage.\u003c\/p\u003e\"This book can help you take control of your life without living paycheck to paycheck.\"- Will Ferrell, from the foreword\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis is a hardcover book that ages with you. And surprisingly to most, you don't need to save a million dollars to accumulate a million dollars.\u003c\/p\u003e\u003cp\u003eWritten by longtime financial advisor \u003cstrong\u003eMark Schlipman\u003c\/strong\u003e and corporate executive \u003cstrong\u003eSteve Short\u003c\/strong\u003e, this book breaks down personal finance in a way that's easy to follow and act on-without jargon, overwhelm, or product sales. It's ideal for recent graduates, young professionals starting their careers, and anyone ready to build lasting financial confidence.\u003c\/p\u003e\u003cp\u003eInside, you'll learn how to budget, save, invest, and avoid common money mistakes-using simple, proven frameworks like the \u003cstrong\u003eSave-First 50\/20\/30 Model(TM)\u003c\/strong\u003e, the \u003cstrong\u003e20-to-$1M Method(TM)\u003c\/strong\u003e, and \u003cstrong\u003eSTL Moments(TM) (Stop, Talk, Listen)\u003c\/strong\u003e. You'll also build practical habits such as avoiding lifestyle creep and capturing \"free money\" through employer benefits and tax advantages.\u003c\/p\u003eWhat You'll Learn\u003cp\u003e✔ Build a simple, savings-first budget that actually works\u003c\/p\u003e\u003cp\u003e✔ Use the Three Bucket System to balance short-, mid-, and long-term goals\u003c\/p\u003e\u003cp\u003e✔ Automate investing with confidence (401(k), IRA, HSA)\u003c\/p\u003e\u003cp\u003e✔ Maximize \"free money\" from employer matches and tax benefits\u003c\/p\u003e\u003cp\u003e✔ Avoid lifestyle creep and build habits that stick\u003c\/p\u003eWhat Readers Are Saying\u003cp\u003e⭐ \"I paid off $10,000 in three months thanks to your book.\" - Amazon review\u003c\/p\u003e\u003cp\u003e⭐ \"Where was this book when I graduated college? Thank you for making financial concepts easy to understand.\" - Amazon review\u003c\/p\u003e\u003cp\u003e⭐ \"My kids aren't readers! This book is written in simple, bite-sized chunks with such important life lessons that it's imperative they read it.\" - Amazon review\u003c\/p\u003eGive Back\u003cp\u003eA portion of every sale supports \u003cstrong\u003eCancer for College\u003c\/strong\u003e, helping cancer survivors with scholarships and debt relief.\u003c\/p\u003e\u003cdiv style=\"display:none\"\u003eISBN-10: 1962656446\u003cbr\u003eISBN-13: 9781962656443\u003cbr\u003eAuthor: Schlipman, Mark, Short, Steve, Ferrell, Will\u003cbr\u003ePublisher: Game Changer Publishing\u003cbr\u003e\n\u003c\/div\u003e","brand":"Game Changer Publishing","offers":[{"title":"Hardcover (Apr 2024)","offer_id":46291925631173,"sku":"9781962656443","price":37.69,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0708\/6414\/2533\/files\/9781962656443.jpg?v=1780113847"}],"url":"https:\/\/www.inveni.store\/collections\/business-economics-interest.oembed","provider":"Inveni","version":"1.0","type":"link"}