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The Production of Money

How to Break the Power of Bankers
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( 427 ratings, 66 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
In The Production of Money, economist Ann Pettifor challenges the traditional view of money as a mere commodity, presenting it instead as a promise that shapes our economy. She explores innovative monetary concepts such as β€œgreen QE” and β€œhelicopter money” and envisions a future where the money we use directly contributes to societal and environmental improvements.
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Format: Paperback / softback
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book is suitable for readers interested in economics, finance, and contemporary monetary policy debates. It will particularly appeal to those seeking to understand the deeper workings of money and its potential role in social and environmental change.

Book Hero thinking about your next read

Why we misunderstand the nature of money, and what we can do about it

Why we misunderstand the nature of money, and what we can do about it

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

According to leading economist Ann Pettifor, one of the few people to predict the 2008 financial crisis, money is not a commodity but a promise. This radical reconsideration of the power of money means that we can reimagine the way the economy works.

The Production of Money also examines popular alternative debates on, and innovations in, money, such as β€œgreen QE” and β€œhelicopter 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.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Yanis Varoufakis praises the book for dispelling myths about apolitical money and democratic exclusion in monetary policy. Charles Goodhart highlights Pettifor's clear approach to money creation, banking, and critique of mainstream economics. Gillian Tett commends Pettifor’s foresight and her call to understand and reform the financial system. Reviews underline the book’s accessible explanation of complex monetary issues.

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Book Details

INFORMATION

ISBN: 9781786631350

Publisher: Verso Books

Format: Paperback / softback

Date Published: 03 April 2018

Country: United Kingdom

Imprint: Verso Books

Audience: General / adult

DIMENSIONS

Spine width: 14.0mm

Width: 129.0mm

Height: 198.0mm

Weight: 210g

Pages: 192

About the Author

Ann Pettifor is the Director of Prime (Policy Research in Macroeconomics) and a Fellow of the New Economics Foundation. She is known for her leadership of the Jubilee 2000 campaign. In 2015 she 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.

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    In 2008, the first Green New Deal was devised by Ann Pettifor and a group of English economists and thinkers, but it was ignored amidst the tumult of the financial crash. A decade later, the idea was revived among democratic socialists in the US, spearheaded by Alexandria Ocasio-Cortez. The Green New Deal demands a radical and urgent reversal of the...
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    For readers of Brett Christophers, Yanis Varoufakis and Grace Blakeley, Pettifor unpacks the hidden world of shadow banking and show how global markets really work. Wall Street controls the price of anything. Larger than the national economies, and almost invisible, it nevertheless determines the international costs of everyday things - from the cost of oil to household goods and most...
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