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Just MoneyWe spend a lot of our time thinking about money; how to get it, how to spend it. But its nature eludes most of us. We do not ask what money is or where it comes from, and so we organize our lives around a mystery.
Professional economists aren’t much help. The mainstream of the discipline and most of its critics are unanimous in seeing money as a neutral medium of exchange and finance as a mechanism for connecting lenders to borrowers. If you stray from this consensus you will find yourself in a wilderness of goldbugs and Bitcoin enthusiasts.
In the Just Money series, the acclaimed economist Ann Pettifor has invited some of the most influential and insightful experts on monetary theory to explore the economics - and politics - of money. The financial crisis that began in 2007 made it obvious that there is more to money than meets the eye, or finds its way on to the evening news. But while we can reform the financial system so that it serves the interest of the many, rather than the few, we will only succeed once we understand how the current system works.
We just have to start thinking about money. The Just Money series is as good a place to start as any.
Ann Pettifor's Just Money: How Society Can Break the Despotic Power of Finance is published by Commonwealth. It is available on Kindle and direct from the Prime Economics website.