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The Politics of Money

The Politics of Money

Towards Sustainability and Economic Democracy

by Frances Hutchinson, Mary Mellor and Wendy Olsen

Explores the evolution of our economic system as serving ends quite unrelated to the provisioning and sustainability of human communities
Classical and radical economists have marginalised the role of money, most particularly the role of credit, in driving the machinery of accumulation and exclusion. Although critiques of capitalism from Marxist, feminist and ecological perspectives abound, The Politics of Money is unique in gathering the strengths of these differing critiques into a coherent whole.

The book reviews the role of money in current society through an overview of the history of money creation and a critique of the main theoretical developments in economic thought. Alternative perspectives on money are then presented through a review of a number of radical perspectives but focusing mainly on the work of Marx, Veblen and the social credit perspective of Douglas and the guild socialists.

The authors have drawn upon their varied expertise in economics and the social sciences to produce the foundations of a new political economy that will enable communities to reconstruct their socio-economic fabric through social and political control of money systems.

Frances Hutchinson is a former research fellow at the University of Bradford with a lifelong interest in ecology, economy and society. She is the author of The Politics of Money: Towards Sustainability and Economic Democracy (Pluto, 2002) and The Political Economy of Social Credit and Guild Socialism (Routledge, 1997).

Mary Mellor is Emeritus Professor at Northumbria University, 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 Debt or Democracy (Pluto, 2015), The Future of Money (Pluto, 2010) and The Politics of Money (Pluto, 2002).

Wendy Kay Olsen is Professor at the Cathie Marsh Institute for Social Research at the University of Manchester. She is co-author of The Politics of Money: Towards Sustainability and Economic Democracy (Pluto, 2002).

List of Figures
1. The Money Society
2. Why is There No Alternative?
3. Money, Banking and Credit
4. Capitalism - the elimination of alternatives
5. Marx, Veblen and Money Waged Labour
6. Guild Socialism and Social Credit
7. Capitalist Banking from a Social Credit Perspective
8. New Critiques: green economics and feminist economics
9. Innovations and Alternative Money Systems
10. Towards Sustainability and Economic democracy
Published by Pluto Press in Nov 2002
Paperback ISBN: 9780745317205
Hardcover ISBN: 9780745317212

256 pages

135mm x 215mm