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Coined

Coined

By Kabir Sehgal

The Rich Life of Money and How Its History Has Shaped Us. Grand Central Publishing, 2015.

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14 mins read

12 Key insights

A brief summary of Coined

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.

Key insights in Coined

1
What do you get from this book? The compelling history of money and its impact on today’s world
2
The exchange of energy, commodities, and tools encouraged cooperation and led to the development of money
3
Rational thought is believed to drive financial decisions, but preconceived notions and neurons have more to do with it
4
Debt is both a social and financial obligation that crosses cultural barriers
5
“Proto-money” and “hard money” were early forms of currency that began in Mesopotamia and continue to this day
6
“Soft money” began in China and expanded across the globe even though it has no real value
7
Religions are inherently connected to money, morality, and greed and may have developed as a result of these things
8
Coins depict art and symbols that supply researchers with information about a culture’s past
9
Three scenarios referred to as “the Bear, the Bull, and the Dream” provide a glimpse into the future of currency
10
Summary of the key insights
11
Selected critiques in brief
12
Final word

Who should read Coined

Economists • bankers • sociologists • business owners • historians • anyone with an interest in money

About the author of Coined

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.

author avatar

Kabir Sehgal

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