Money
5,000 Years of Debt and Power
Will be published approx. on 1. January 2031
Book
Paperback/Softback
480 pages
978-1-78663-442-9 (ISBN)
Description
As the financial crisis reached its climax in September 2008, the most important figure on the planet was Federal Reserve chairman Ben Bernanke. The whole financial system was collapsing, without anything to stop it. When a senator asked Bernanke what would happen if the central bank did not carry out its rescue package, he replied,"lf we don't do this, we may not have an economy on Monday."
What saved finance, and the Western economy, was money. Yet it is a highly ambivalent phenomenon. It is deeply embedded in our societies, acting as a powerful link between the individual and the collective. But by no means is it neutral. Through its grip on finance and the debts system, money confers sovereign power on the economy. If confidence in money is not maintained, crises will follow.
What saved finance, and the Western economy, was money. Yet it is a highly ambivalent phenomenon. It is deeply embedded in our societies, acting as a powerful link between the individual and the collective. But by no means is it neutral. Through its grip on finance and the debts system, money confers sovereign power on the economy. If confidence in money is not maintained, crises will follow.
Reviews / Votes
Praise for A Theory of Capitalist Regulation:One of the most important and stimulating books in Marxian political economy for many years. * Capital and Class * Praise for A Theory of Capitalist Regulation:
Regulation Theory's 'founding statement.' -- Robert Brenner * New Left Review * Praise for A Theory of Capitalist Regulation:
Writing within the particularly vigorous discourse of contemporary French Marxism, Aglietta confirms the increasing interest of European Marxists in all aspects of U.S history and social development. -- Mike Davis "A bold exploration of the history of money and, by extension, finance in general." * International Policy Digest *
More details
Language
English
Place of publication
London
United Kingdom
Dimensions
Height: 198 mm
Width: 129 mm
ISBN-13
978-1-78663-442-9 (9781786634429)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification