JiscMail Logo
Email discussion lists for the UK Education and Research communities

Help for CAPITAL-AND-CLASS Archives


CAPITAL-AND-CLASS Archives

CAPITAL-AND-CLASS Archives


CAPITAL-AND-CLASS@JISCMAIL.AC.UK


View:

Message:

[

First

|

Previous

|

Next

|

Last

]

By Topic:

[

First

|

Previous

|

Next

|

Last

]

By Author:

[

First

|

Previous

|

Next

|

Last

]

Font:

Proportional Font

LISTSERV Archives

LISTSERV Archives

CAPITAL-AND-CLASS Home

CAPITAL-AND-CLASS Home

CAPITAL-AND-CLASS  November 2018

CAPITAL-AND-CLASS November 2018

Options

Subscribe or Unsubscribe

Subscribe or Unsubscribe

Log In

Log In

Get Password

Get Password

Subject:

NEW IN FROM VERSO: MONEY

From:

Verso Books <[log in to unmask]>

Reply-To:

Verso Books <[log in to unmask]>

Date:

Mon, 12 Nov 2018 17:57:58 +0000

Content-Type:

text/plain

Parts/Attachments:

Parts/Attachments

text/plain (110 lines)

NEW FROM VERSO

MONEY

5,000 Years of Debt and Power

by Michel Aglietta

Translated by David Broder

With Pepita Ould Ahmed and Jean-François Ponsot

---------------

The major French economist offers a new theory of money

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, with little to
stop it. When a senator asked Bernanke what would happen if the
central bank did not carry out its rescue package, he replied, “If we
don’t do this, we may not have an economy on Monday.”

What saved finance, and the Western economy, was fiscal and monetary
stimulus – an influx of money, created ad hoc. It was a strategy that
raised questions about the unexamined nature of money itself, an
object suddenly revealed as something other than a neutral signifier
of value. Through its grip on finance and the debt system, money
confers sovereign power on the economy. If confidence in money is not
maintained, crises follow. Looking over the last 5,000 years, Michel
Aglietta explores the development of money and its close connection to
sovereign power. This book employs the tools of anthropology, history
and political economy in order to analyse how political structures and
monetary systems have transformed one another. We can thus grasp the
different eras of monetary regulation and the crises capitalism has
endured throughout its history.

---------------

Reviews

“Believe it or not, money is absent from the economic theories that
underpin every policy ever enacted on our behalf! Michel Aglietta’s
new book explains splendidly this remarkable absence and, in the
process, highlights beautifully the clash between finance and
democracy, with special emphasis on how the US dollar’s domination
reflects, on the one hand, America’s geopolitical power and, on the
other, the inherent incongruities of the financial sector.”

– Yanis Varoufakis, author of And the Weak Suffer What They Must?

“A splendid account of the history of money from antiquity through
modern times. Aglietta places money, debt, and credit at the heart of
an analysis of—among many things—the Great Financial Crisis and the
future of the dollar, the renminbi, and the euro.”

– James K. Galbraith, author of The End of Normal

“Money is one of the most misunderstood parts of modern-day
capitalism: it is not just a medium of exchange; it is a social
relationship. How we structure the financial system and the associated
characteristics of debt payments fundamen¬tally affects how the real
economy operates. Michel Aglietta brings his powerful ‘regulation
school’ framework to understanding money and how we use this
understanding to restructure the international monetary system.”

– Mariana Mazzucato, author of The Value of Everything

“An impressive attempt to reintegrate macroeconomics into
macrosociology and political theory and philosophy, from one of the
leading economists of our time. The book develops a
state-sovereigntist theory of money to cover the wide field from
global exchange relations to local complementary currencies intended
to promote local sustainable prosperity and social cohesion.”

– Wolfgang Streeck, author of How Will Capitalism End?

“In this magnificent and intellectually brilliant review of money over
the longue durée—5,000 years—Aglietta challenges Anglo-American
economists' narrow, deceitful, and ideologically-driven understanding
of money. Essential reading for those who are rethinking economics.”

– Ann Pettifor, author of The Production of Money

---------------

Hardback :  October 2018 / 9781786634412 / £25.00 / $34.95 / $45.95 (CAN)

WORK is available to buy on the Verso website at 20% off:
https://www.versobooks.com/books/2608-work

---------------

Visit Verso's website for information on our upcoming events, new
reviews and publications and special offers: http://www.versobooks.com

Sign up for the Verso mailing list:
https://www.versobooks.com/users/sign_up

Follow us online:
Facebook https://facebook.com/VersoBks
Twitter: http://twitter.com/VersoBooks
Instagram: http://instagram.com/versobooks
Goodreads: https://www.goodreads.com/user/show/18970808-verso-books

########################################################################

To unsubscribe from the CAPITAL-AND-CLASS list, click the following link:
https://www.jiscmail.ac.uk/cgi-bin/webadmin?SUBED1=CAPITAL-AND-CLASS&A=1

Top of Message | Previous Page | Permalink

JiscMail Tools


RSS Feeds and Sharing


Advanced Options


Archives

March 2024
February 2024
January 2024
December 2023
November 2023
October 2023
September 2023
August 2023
July 2023
June 2023
May 2023
April 2023
March 2023
February 2023
January 2023
December 2022
November 2022
October 2022
September 2022
August 2022
July 2022
June 2022
May 2022
April 2022
March 2022
February 2022
January 2022
December 2021
November 2021
October 2021
September 2021
August 2021
July 2021
June 2021
May 2021
April 2021
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
2006
2005
2004
2003
2002
2001
2000
1999
1998


JiscMail is a Jisc service.

View our service policies at https://www.jiscmail.ac.uk/policyandsecurity/ and Jisc's privacy policy at https://www.jisc.ac.uk/website/privacy-notice

For help and support help@jisc.ac.uk

Secured by F-Secure Anti-Virus CataList Email List Search Powered by the LISTSERV Email List Manager