Niall Ferguson: Ascent of Money

Posted by admin on Saturday, October 29, 2022

Meaning of Niall Ferguson Money Quote: saying money became a greater factor as the human race ascended. Niall Ferguson said:
 
The ascent of money has been essential to the ascent of man Quote
 

“The ascent of money has been essential to the ascent of man” — Niall Ferguson

 

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This quote from historian Niall Ferguson suggests that the development of money and financial systems has played an important role in human progress and advancement. By facilitating trade, specialization, and investment, the “ascent of money” has likely contributed to improvements in living standards, technology, healthcare, education, and other areas over the long run of history.

However, money is a human creation and not an end in itself, so pursuing wealth and economic growth alone will not lead to a just, sustainable or spiritually fulfilling society without balanced priorities. Overall development requires attention to both material and non-material aspects of human well-being.

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