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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
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
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.
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Our livelihoods and ecosystem are deeply affected by the world of money production and finance. But it’s a world largely hidden from us by vested interests. In language we can all understand, Ann Pettifor explains the issues and the debates around money, shadow banking, QE and ‘helicopter money.’ A must-read.
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Coolly authoritative, soberly trenchant, unexpectedly compelling, Ann Pettifor’s book is vital in both senses, important and full of life.
, Guardian -
Pettifor’s new book aims to elucidate the nature of money, the better to help women advocate for their needs
Vogue US -
Pettifor has a gift for breaking down complex economic ideas into notions that feel almost intuitive. If her book cannot hope to wholly democratize money, it could certainly help democratize the understanding of it, which Pettifor sees as the first step to encouraging public demands for a fairer system.
Bookforum -
Enlightening. She is unafraid to square up to the mainstream economists who stand 'aloof' from the financial system.
Independent