The Production of Money: How to Break the Power of Bankers

The Production of Money: How to Break the Power of Bankers

by Ann Pettifor
The Production of Money: How to Break the Power of Bankers

The Production of Money: How to Break the Power of Bankers

by Ann Pettifor

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Overview

What is money, where does it come from, and who controls it?

In this accessible, brilliantly argued book, leading political economist Ann Pettifor explains in straightforward terms history’s most misunderstood invention: the money system. Pettifor argues that democracies can, and indeed must, reclaim control over money production and restrain the out-of-control finance sector so that it serves the interests of society, as well as the needs of the ecosystem.

The Production of Money examines and assesses popular alternative debates on, and innovations in, money, such as “green QE” and “helicopter money.” She sets out the possibility of linking the money in our pockets (or on our smartphones) to the improvements we want to see in the world around us.

Product Details

ISBN-13: 9781786631374
Publisher: Verso Books
Publication date: 03/28/2017
Sold by: Penguin Random House Publisher Services
Format: eBook
Pages: 192
Sales rank: 909,129
File size: 640 KB

About the Author

Ann Pettifor is the Director of Prime (Policy Research in Macroeconomics), an Honorary Research Fellow at City University, and a Fellow of the New Economics Foundation. She has an honorary doctorate from Newcastle University.

She is known for her leadership of the Jubilee 2000 campaign, which resulted in massive debt cancellation for more than thirty countries. She has served on the board of the UN Development Report and in 2015 was invited onto the economic advisory board of the British Labour Party by Jeremy Corbyn. She is the author of The Real World Economic Outlook and The Coming First World Debt Crisis and co-author of The Green New Deal and The Economic Consequences of Mr Osborne.

Table of Contents

Preface vii

1 Credit Power 1

2 The Creation of Money 15

3 The 'Price' of Money 41

4 The Mess We're In 61

5 Class Interests and the Moulding of Schools of Economic Thought 77

6 Should Society Strip Banks of the Power to Create Money? 93

7 Subordinating Finance, Restoring Democracy 131

8 Yes, We Can Afford What We Can Do 155

Acknowledgements 161

Notes 162

Recommended Reading List 171

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