The Price of Time (with Edward Chancellor)

Episode 7

July 22 2022

36 minutes

All economic and financial activities take place across time – and interest coordinates those activities. The story of capitalism is thus the story of interest: the price that individuals, companies and nations pay to borrow money.

Edward Chancellor could barely have chosen a more topical moment to publish a book about the history of interest rates (The Price Of Time), and host Russell Napier opens this fascinating interview by asking him if one of the problems that economies face is that interest rates are expected to perform too many functions.

(Note to listeners: Edward’s first answer is accompanied by some effusive birdsong and traffic noise, but the quality improves thereafter.)

For more information on the Advanced Valuation in Financial Markets course mentioned by Russell, click here

Listen and subscribe on

The Library of Mistakes Course

The online version of our renowned course, is available for both finance professionals and nonprofessionals.

As featured in the Financial Times

In conjunction with Heriot-Watt University

Recent podcasts

Shelf Life #2

In the second of our monthly 'behind the scenes' episodes, we meet Liam Rees. Liam has created a new play inspired by historical conman Gregor ...
Listen to podcast

Lending To The Borrower From Hell (with Mauricio Drelichman)

Russell Napier enjoys a fascinating chat with Mauricio Drelichman who (together with Hans Joachim-Voth) is the author of Lending to the Borrower from Hell: Debt, ...
Listen to podcast

Shelf Life #1

In the first of a new thread of monthly episodes, we take you behind the scenes at the Library of Mistakes. Join us as we ...
Listen to podcast
Scroll to Top
The Library of Mistakes
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.