Debt or Democracy: Public Money for Sustainability and Social Justice (Hardback)

Mary Mellor

Edité par PLUTO PRESS, 2015
ISBN 10: 0745335551 / ISBN 13: 9780745335551
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Language: English . Brand New Book. Debt or Democracy explodes the myths behind modern money. It challenges the neoliberal obsession with public debt and deficit, arguing that a much more serious problem is the privatised creation of money through bank debt that leads to boom and bust. Far from being a burden on the taxpayer, Mary Mellor argues that public money and public expenditure is necessary for economic well-being. Arguing that money is a public resource that should be under democratic control, Debt or Democracy directly challenges conventional economic thinking and presents a radical alternative for socially just and ecologically sustainable provisioning. N° de réf. du libraire

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Synopsis : Debt or Democracy explores the received lessons and established legacies of the financial crisis of 2007. Political elites and their mainstream media mimics shout about a house whose finances are in disarray; a 'yawning deficit' created by reckless spending in a bloated public sector. The answer to this 'debt crisis' has been harsh austerity measures - spending cuts, public sector reorganisation and privatisation. But, according to Mary Mellor, this is a dangerously deceptive discourse.

Turning against the prevalent narrative, with its language of 'debt' and 'deficit', Mellor takes on the familiar rhetorical question about 'where the money comes from', showing that the real question is who owns and controls its creation and circulation. Far from privatisation being the solution to our financial woes, it has instead been its cause - a privatisation of monetary systems under late capitalism which has subordinated public finance to private interest. The real solution, Mellor argues, is a return to the notion of public wealth and the public economy; of a monetary system owned by, and operated in the interests of, the majority and their public representatives.

Debt or Democracy makes a direct challenge to conventional economic thinking and explores a range of radical alternatives that can form the basis for socially just and sustainable economies. It will be of interest to scholars, activists and educators alike, as well as anyone who is interested in the politics of money in the neoliberal era.

Critique: Mary Mellor has a superb understanding of the nature of money; of the institutions that underpin our monetary system, and of the economic frameworks within which monetary systems operate. I have looked forward to the publication of this book, and highly recommend it to readers. Because money is nothing more than civilisation's social and economic relationships, expressed in monetary terms, it should be a matter of intense focus of study for sociologists, as well as economists. Sadly, neither discipline has paid the subject sufficient attention. Mary Mellor is one of two fine sociologists (the other is Geoffrey Ingham) that writes authoritatively about money - and whose writing is highly accessible. (Ann Pettifor, analyst of the global financial system, author of Just Money: How Society Can Break the Despotic Power of Finance and Director of Policy Research in Macroeconomics (PRIME))

By challenging entrenched myths about money and economic value, Mary Mellor demonstrates the need to change the way in which money is created, in order to stop the private sector undermining the public sector and enable a shift to an economy that is environmentally sustainable and socially just. Fresh, clear and incisive. (Andrew Sayer, Professor of Social Theory and Political Economy at Lancaster University?)

Prospering without growth requires reclaiming the creation of money from private banks. Now that even the likes of the IMF and the Bank of England entertain the idea of public money, how money is to be made public is as important as ever. And Mary Mellor's book has the right answers. (Giorgos Kallis, ICREA Professor, ICTA, Autonomous University of Barcelona and Leverhulme Visiting Professor, SOAS)

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Détails bibliographiques

Titre : Debt or Democracy: Public Money for ...
Éditeur : PLUTO PRESS
Date d'édition : 2015
Reliure : Hardback
Etat du livre : New

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Mary Mellor
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ISBN 10 : 0745335551 ISBN 13 : 9780745335551
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Description du livre PLUTO PRESS, United Kingdom, 2015. Hardback. État : New. 215 x 135 mm. Language: English . Brand New Book. Debt or Democracy explodes the myths behind modern money. It challenges the neoliberal obsession with public debt and deficit, arguing that a much more serious problem is the privatised creation of money through bank debt that leads to boom and bust. Far from being a burden on the taxpayer, Mary Mellor argues that public money and public expenditure is necessary for economic well-being. Arguing that money is a public resource that should be under democratic control, Debt or Democracy directly challenges conventional economic thinking and presents a radical alternative for socially just and ecologically sustainable provisioning. N° de réf. du libraire AAJ9780745335551

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Description du livre PLUTO PRESS, United Kingdom, 2015. Hardback. État : New. 215 x 135 mm. Language: English . Brand New Book. Debt or Democracy explodes the myths behind modern money. It challenges the neoliberal obsession with public debt and deficit, arguing that a much more serious problem is the privatised creation of money through bank debt that leads to boom and bust. Far from being a burden on the taxpayer, Mary Mellor argues that public money and public expenditure is necessary for economic well-being. Arguing that money is a public resource that should be under democratic control, Debt or Democracy directly challenges conventional economic thinking and presents a radical alternative for socially just and ecologically sustainable provisioning. N° de réf. du libraire AAJ9780745335551

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Description du livre Pluto Press. Hardback. État : new. BRAND NEW, Debt or Democracy: Public Money for Sustainability and Social Justice, Mary Mellor, Debt or Democracy explodes the myths behind modern money. It challenges the neoliberal obsession with public debt and deficit, arguing that a much more serious problem is the privatised creation of money through bank debt that leads to boom and bust. Far from being a burden on the taxpayer, Mary Mellor argues that public money and public expenditure is necessary for economic well-being. Arguing that money is a public resource that should be under democratic control, Debt or Democracy directly challenges conventional economic thinking and presents a radical alternative for socially just and ecologically sustainable provisioning. N° de réf. du libraire B9780745335551

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Description du livre Pluto Press, 2015. État : New. A case for the common ownership of money as a solution to the financial crisis Num Pages: 224 pages. BIC Classification: 1DBK; KCA; KCP; KFFD. Category: (P) Professional & Vocational. Dimension: 144 x 222 x 23. Weight in Grams: 390. . 2015. Hardcover. . . . . . N° de réf. du libraire V9780745335551

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