Coined
By Kabir Sehgal
The Rich Life of Money and How Its History Has Shaped Us. Grand Central Publishing, 2015.
Summary of Coined book by Kabir Sehgal
An in-depth and entertaining examination of money from a historical, psychological, and cultural perspective, with simple and illuminating reasons for how it affects every facet of our society and probably always will.
Chapters in Coined book summary
What do you get from this book? The compelling history of money and its impact on today’s world
The exchange of energy, commodities, and tools encouraged cooperation and led to the development of money
Rational thought is believed to drive financial decisions, but preconceived notions and neurons have more to do with it
Debt is both a social and financial obligation that crosses cultural barriers
“Proto-money” and “hard money” were early forms of currency that began in Mesopotamia and continue to this day
“Soft money” began in China and expanded across the globe even though it has no real value
Religions are inherently connected to money, morality, and greed and may have developed as a result of these things
Coins depict art and symbols that supply researchers with information about a culture’s past
Three scenarios referred to as “the Bear, the Bull, and the Dream” provide a glimpse into the future of currency
Summary of the key insights
Selected critiques in brief
Final word
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Coined — Book Summary Snapshot
Who should read Coined book
- sociologists
- business owners
- anyone with an interest in money
About the author of Coined
Kabir Sehgal
Kabir Sehgal was vice president of JP Morgan Chase before founding the multimedia company Tiger Turn Productions. As a musical producer, Sehgal has won five Grammy Awards and three Latin Grammys. In 2015, his book Coined: The Rich Life of Money and How Its History Has Shaped Us was named one of Business Insider’s top fifteen business books to read.
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