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Zionism and its Discontents
As the UK parliament takes a symbolic vote to recognise a Palestinian state we consider the history of the anti-Zionist movement...
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Political Economy

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This book is timely. Despite our familiarity with money, too ...

(Ann Pettifor, Fellow of the New Economic)

This book provides an alternative perspective and a different and ...

(Gary Dymski Professor of Economics Unive)

Probably one of the most important books you will read ...

(Molly Scott Cato Reader in Green Economi)

The Future of Money
From Financial Crisis to Public Resource

Product 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.

About The Author

Mary Mellor is Emeritus Professor at Northumbria University in Newcastle, where she was founding Chair of the University’s Sustainable Cities Research Institute. She has published extensively on alternative economics integrating socialist, feminist and green perspectives. Her books include The Politics of Money: Towards Sustainability And Economic Democracy (Pluto, 2002).

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