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The Price of TimeA 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, Edward Chancellor traces the history of interest from its origins in ancient
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The Price of Time
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