The future of money : from financial crisis to public resource / Mary Mellor.

Format:

Book

Author/Creator:

Mellor, Mary.

Language:

English

Subjects (All):

Monetary policy.

Money.

Banks and banking.

Banks and banking--Government policy.

Capitalism.

Physical Description:

1 online resource (208 p.)

Edition:

1st ed.

Place of Publication:

London ; New York : Pluto Press ; New York : Distributed in the United States of America exclusively by Palgrave Macmillan, 2010.

Language Note:

English

Summary:

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.

Contents:

The Future of Money

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 2007-08

6. Lessons from the Crisis

7. Public Money and Sufficiency Provisioning

Appendix: Acronyms and Abbreviations

Bibliography

Index.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (p. 177-184) and index.

CC BY-NC-ND

ISBN:

9781783716685

1783716681

9781849644501

1849644500

OCLC:

658045245

Access Restriction:

Open Access Unrestricted online access