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

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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 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.

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
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
Ann deserves a lot of credit because she was trying to highlight these issues many, many years ago, and unfortunately, there werent enough people who were trying to map the system, model it, and then above all else, modify it. We have to map the financial system and then work out how to change it. -- Gillian Tett, author of The Silo Effect
Our livelihoods and ecosystem are deeply affected by the world of money production and finance. But its 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, Co-Leader of The Green Party of England and Wales
Coolly authoritative, soberly trenchant, unexpectedly compelling, Ann Pettifors book is vital in both senses, important and full of life. -- Zoe Williams * Guardian *
Pettifors new book aims to elucidate the nature of money, the better to help women advocate for their needs. * Vogue *
Pettifor has a gift for breaking down complex economic ideas into notions that feel almost intuitive. If her book cannot hope to wholly democratize money, it could certainly help democratize the understanding of it, which Pettifor sees as the first step to encouraging public demands for a fairer system. * Bookforum *

Author Bio

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.