The Future of Money

The Future of Money : From Financial Crisis to Public Resource

4 (5 ratings by Goodreads)
By (author) 

Free delivery worldwide

Available. Dispatched from the UK in 10 business days
When will my order arrive?

Not expected to be delivered to the United States by Christmas Not expected to be delivered to the United States by Christmas

Description

As the recent financial crisis has revealed, the state is central to the stability of the money system, while the chaotic privately-owned banks reap the benefits without shouldering the risks. This book argues that money is a public resource that has been hijacked by capitalism.Mary Mellor explores the history of money and modern banking, showing how finance capital has captured bank-created money to enhance speculative `leveraged' profits as well as destroying collective approaches to economic life. Meanwhile, most individuals, and the public economy, have been mired in debt. To correct this obvious injustice, Mellor proposes a public and democratic future for money. Ways are put forward for structuring the money and banking system to provision societies on an equitable, ecologically sustainable 'sufficiency' basis.This fascinating study of money should be read by all economics students looking for an original analysis of the economy during the current crisis.show more

Product details

  • Paperback | 208 pages
  • 134 x 212 x 16mm | 258.55g
  • PLUTO PRESS
  • London, United Kingdom
  • English
  • 0745329942
  • 9780745329949
  • 625,855

About Mary Mellor

Mary Mellor is Emeritus Professor at Northumbria University, where she was founding Chair of the University's Sustainable Cities Research Institute. She has published extensively on alternative economics integrating socialist, feminist and green perspectives. Her books include The Future of Money: From Financial Crisis to Public Resource (Pluto, 2010).show more

Table of contents

Acknowledgements Introduction 1. What is Money 2. The Privatisation of Money 3. 'People's Capitalism': Financialisation and Debt 4. Credit and Capitalism 5. The Financial Crisis of 2007-8 6. Lessons from the Crisis 7. Public Money and Sufficiency Provisioning Appendix:Acronyms and Abbreviations Bibliography Indexshow more

Review quote

'This book provides a much more progressive way of seeing the entire financial crisis' -- Gary Dymski Professor of Economics University of California Riverside, author of 'The Bank Merger Wave' 'Despite our familiarity with money, too little is understood about money and credit. This book helps to lift the veil on our money system and by doing so will play a part in democratising that system' -- Ann Pettifor, author of Just Money: How Society Can Break the Despotic Power of Financeshow more

Rating details

5 ratings
4 out of 5 stars
5 20% (1)
4 60% (3)
3 20% (1)
2 0% (0)
1 0% (0)
Book ratings by Goodreads
Goodreads is the world's largest site for readers with over 50 million reviews. We're featuring millions of their reader ratings on our book pages to help you find your new favourite book. Close X