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

(Hardback)

Available Formats

Publishing Details

Classifications

Physical Properties

Description

Money makes the world go around; but what is it really And where does it come from The rich know how to become richer, but do the poor have inevitably to suffer as a result. In this accessible, brilliantly argued book, leading political economist Ann Pettifor shows us how wrong we are about this most misunderstood invention in history. Money is never a neutral medium of exchange. Nor is finance just a mechanism that connects borrower and lender. Pettifor shows us how to reclaim control of money from those who presume to be in control: the banks. She shows how we can use money to build economies that are both just and meet society's - and the ecosystem's - needs. She also looks at the latest alternative debates on, and innovations in money: Positive Money, Goldbugs to explore what kind of economic future they offer. She sets out the possibilities of discovering the link between the money in our pockets and the change we want to see in the world around us.

Reviews

Ann Pettifor was always the ideal author of a book that shatters the fantasy of apolitical money and the toxic myth that monetary policy must remain a democracy-free zone. This book is now a reality. -- Yanis Varoufakis, author of And the Weak Suffer What they Must
Ann deserves a lot of credit because she was trying to highlight these issues many, many years ago, and unfortunately, there weren't enough people who were trying to map the system, model it, and then above all else, modify it. -- Gillian Tett, author of The Silo Effect
Ann Pettifor is a rare voice giving us a brilliant analysis of the overweening privilege given to finance. Her vital insight has been to explain how money, and the way banks are allowed to create and allocate it, fuels both economic and environmental havoc. Without Ann's call to re-imagine our bank and money system, we would not be able to find even the beginnings of the answers we desperately need. -- Andrew Simms, author of Cancel the Apocalyspe
A wonderful economist who first said that 'Britain is living in an Alice in Wongaland economy', -- Nick Cohen, author of What's Left
Our livelihoods and ecosystem are deeply affected by the world of money production and finance. But it's a world largely hidden from us by vested interests. In language we can all understand Ann Pettifor explains the issues and the debates around money, shadow banking, QE and ' helicopter money'. A must-read -- Caroline Lucas, MP, Co-Leader of the UK Green Party
Pettifor has a splendidly clear vision, both of money creation and of the role of banks. There is a great deal to applaud here, including her critique of mainstream economic models, which continue to ignore money and banking or, alternatively, get that horribly wrong. -- Charles Goodhart, Emeritus Professor, London School of Economics
Coolly authoritative, soberly trenchant, unexpectedly compelling, Ann Pettifor's book is vital in both senses, important and full of life. -- Zoe Williams * Guardian *
Pettifor's new book aims to elucidate the nature of money, the better to help women advocate for their needs. * Vogue *

Author Bio

ANN PETTIFOR is a political economist with a focus on finance and sovereign debt. She is director of Prime: Policy Research in Macroeconomics, an Honorary Research Fellow at City University and a fellow of the New Economics Foundation. She was invited onto the economic advisory board by the British Labour Party leader, Jeremy Corbyn.