What is money, where does it come from, and who controls it?
In this accessible, brilliantly argued book, leading political economist Ann Pettifor explains in straightforward terms history’s most misunderstood invention: the money system. Pettifor argues that democracies can, and indeed must, reclaim control over money production and restrain the out-of-control finance sector so that it serves the interests of society, as well as the needs of the ecosystem.
The Production of Money examines and assesses 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.
Ann Pettifor is the Director of Prime (Policy Research in Macroeconomics), an Honorary Research Fellow at City University, and a Fellow of the New Economics Foundation. She has an honorary doctorate from Newcastle University.She is known for her leadership of the Jubilee 2000 campaign, which resulted in massive debt cancellation for more than thirty countries. She has served on the board of the UN Development Report and in 2015 was invited onto the economic advisory board of the British Labour Party by Jeremy Corbyn. She is the author of The Production of Money, The Real World Economic Outlook and The Coming First World Debt Crisis and co-author of The Green New Deal and The Economic Consequences of Mr Osborne.