The Future of Money
From Financial Crisis to Public Resource
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.
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).
1. What is Money
2. The Privatisation of Money
3. 'People’s Capitalism': Financialisation and Debt
4. Credit and Capitalism
5. The Financial Crisis of 2007-8
6. Lessons from the Crisis
7. Public Money and Sufficiency Provisioning
Appendix:Acronyms and Abbreviations
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