The Future of Money

From Financial Crisis to Public Resource

Mary Mellor

Pluto Press

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As the recent financial crisis has revealed, the state is central to the stability of the money system, while the chaotic privately-owned banks reap the benefits without shouldering the risks. This book argues that money is a public resource that has been hijacked by capitalism.

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.

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Mary Mellor

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).

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The Future of Money
From Financial Crisis to Public Resource
Mary Mellor

Trade Paperback

Trade Paperback
Pluto Press
May 2010
Trade Paperback
ISBN: 9780745329949
ISBN10: 0745329942
5 1/2 x 8 1/4 inches, 176 pages
$30.00
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Hardcover

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Hardcover
Pluto Press
May 2010
Hardcover
ISBN: 9780745329956
ISBN10: 0745329950
5 1/2 x 8 1/4 inches, 176 pages
$90.00
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