The Future of Money

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 explor...

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Автор: Mellor, Mary
Формат: Online
Мова:Англійська
Опубліковано: Pluto Press 2021
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Онлайн доступ:642725
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author Mellor, Mary
author_browse Mellor, Mary
author_facet Mellor, Mary
author_sort Mellor, Mary
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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.
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spelling doab-20.500.12854ir-379442025-07-31T15:13:31Z The Future of Money Mellor, Mary Political Science Political Economy Money Financial Crisis Capitalism Banking Democracy Ecology and Sustainability Money creation Mortgage loan thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy 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. 2021-02-10T12:58:18Z 2018-01-24 23:55 2017-12-01 23:55:55 2020-03-17 03:00:32 2020-04-01T13:12:51Z 2010-04-20 book 642725 OCN: 658045245 http://library.oapen.org/handle/20.500.12657/30777 9781849644501;9781783716685 https://directory.doabooks.org/handle/20.500.12854/37944 eng open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/30777/1/642725.pdf https://library.oapen.org/bitstream/20.500.12657/30777/1/642725.pdf https://library.oapen.org/bitstream/20.500.12657/30777/1/642725.pdf https://library.oapen.org/bitstream/20.500.12657/30777/1/642725.pdf https://library.oapen.org/bitstream/20.500.12657/30777/1/642725.pdf Pluto Press cdf55516-7e48-4edb-898e-73aa7305a12c Knowledge Unlatched b818ba9d-2dd9-4fd7-a364-7f305aef7ee9 9781849644501;9781783716685 Knowledge Unlatched (KU) KU Select 2017: Backlist Collection 100880 KU Select 2017: Backlist Collection open access
spellingShingle Political Science
Political Economy
Money
Financial Crisis
Capitalism
Banking
Democracy
Ecology and Sustainability
Money creation
Mortgage loan
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
Mellor, Mary
The Future of Money
title The Future of Money
title_full The Future of Money
title_fullStr The Future of Money
title_full_unstemmed The Future of Money
title_short The Future of Money
title_sort future of money
topic Political Science
Political Economy
Money
Financial Crisis
Capitalism
Banking
Democracy
Ecology and Sustainability
Money creation
Mortgage loan
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
topic_facet Political Science
Political Economy
Money
Financial Crisis
Capitalism
Banking
Democracy
Ecology and Sustainability
Money creation
Mortgage loan
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
url 642725
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