This book is timely. Despite our familiarity with money, too little is understood about money and credit. By shining a light on our money system Mary Mellor does a great service - not just to the general public, but to the economics profession. For too long orthodox economists have had a blind spot for the role of the intangible – bank money - in the economy. Instead they have tended to focus on the tangible parts of the economy. This book helps to lift the veil on our money system and by doing so will play a part in democratising that system. (Ann Pettifor, Fellow of the New Economics Foundation, London)
This book provides an alternative perspective and a different and much more progressive way of seeing the entire financial crisis. ... This book dares to make the argument that the financial instability and crises afflicting us today have arisen because the public origins and purposes of money and credit have been appropriated for private use by capitalist finance. (Gary Dymski Professor of Economics University of California Riverside, author of 'The Bank Merger Wave')
Probably one of the most important books you will read this year. (Molly Scott Cato, Reader in Green Economics Cardiff University and author of 'Green Economics')
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).