The Production of Money

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

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Why we misunderstand the nature of money, and what we can do about it

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
  • 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 weren’t 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