Edward Chancellor

A history of interest rates and the first book of the next financial crisis, shortlisted for the 2023 Hayek Book Prize. All economic and financial activities take place across time. Interest coordinates these activities. The story of capitalism is thus the story of interest— the price that individuals, companies, and nations pay to borrow money. In The Price of Time,...

Devil Take the Hindmost by Edward Chancellor offers a riveting narrative, exploring the intriguing, often turbulent history of stock market speculation from the 17th century to the modern era. This masterfully chronicled book delves into the profound human impulse to seek wealth through speculation, revealing how this age-old desire has shaped financial markets and economies across the globe without revealing...

The Price of Time by Edward Chancellor delves into the intricate history and pivotal role of interest rates in financial systems, providing a lucid analysis of the forces that shape our global economy. Chancellor, acclaimed as one of the world's foremost financial writers, traces the origins of interest from ancient times to the present day, illustrating how this fundamental economic...

When Jeremy Grantham entered the investment business in the 1960s, he brought the thrifty Yorkshire values he had been raised with. While other money managers focused on blue-chip stocks, he studied stock market history and constructed the first indices for small-cap and value stocks. Charting their ebb and flow, he saw the powerful force that would become central to his...