Democratizing Money?

Reviews / Votes

'Weber's book is a must read for all concerned about the currently defunct monetary system. Applying a sophisticated understanding of the character of money, Weber rigorously assesses the potential alternatives to the status quo, with surprising results.' Christoph Scherrer, Executive Director of the International Center for Development and Decent Work, University of Kassel, Germany 'This book offers a concise overview of theories on money and money's relation to states, sovereignty, and democratic self-governance. Weber situates the role of money and monetary policy within the history and economic organization of capitalism. He cautions against asking too much of monetary policy and redirects demands for greater input legitimacy to tax and similar classic state policies. Students of modern financial systems will find the book a hugely informative and valuable read, whether or not they will agree with all its conclusions.' Katharina Pistor, Edwin B. Parker Professor of Comparative Law, Columbia Law School 'This book gives an excellent overview of the latest developments of monetary systems, including cryptocurrencies. It brings clarity to the debate, showing to what extent state money and central banks can be substituted by private money. A must-read.' Hansjoerg Herr, Berlin School of Economics and Law 'Weber's book provides an excellent overview of these issues and should be required reading for central bankers dealing with cryptocurrencies, central bank digital currencies and, more generally, payment system design.' Thorvald Grung Moe, Central Banking Journal 'This is a well written, informative book, which presents a clear argument about a highly relevant and actual topic.' Christoph Deutschmann, Economic Sociology: The European Electronic Newsletter