The Rise and Fall of the City of Money: A Financial History of Edinburgh by Ray Perman has been selected by Merryn Somerset Webb, editor in chief of MoneyWeek, as her choice for the Financial Times Books of the Year, 2019. Published this weekend, her review of the book reads: ‘I loved Ray Perman’s The Rise and Fall of the City of Money (Birlinn, RRP£25) a fabulous history of the crises and flashes of entrepreneurial brilliance that made Edinburgh the UK’s second-biggest financial city. A meticulously researched book of stories about the people who rose and fell with the city — bank directors who ended up in jail, aristocrats who ended up broke, and clever investment managers who set up the firms your pension is probably still with today.’