Challenging the validity of much of mainstream monetary macroeconomics, this text argues that the money supply in modern economies is not under the control of banks, but is determined by borrower demand for bank credit. It then explores the implications of this on conventional m…
"What is money, where does it come from, and who controls it? In this accessible, brilliantly argued book, leading political economist Ann Pettifor explains in straightforward terms history's most misunderstood invention: the money system. Pettifor argues that democracies can, a…
What is money, where does it come from, and who controls it?Money makes the world go round: but what is it really? And how is it produced? Above all, who controls its production, and in whose interests? Money is never a neutral medium of exchange. Nor are bankers simply go-betwe…
"This title reveals how, contrary to public perception, the bulk of today's money supply is created and allocated by commercial banks in their role as providers of credit. The authors argue that this system is inherently unstable, with little effective regulation of how much cre…
"When banks extend loans to their customers, they create money by crediting their customers' accounts Mervyn King, Governor of the Bank of England (23 October 2012) Where does money come from? reveals how the bulk of today's money supply is created and allocated by commercial Mo…
"This book describes the importance of finance and real estate for the emergence of authoritarian regimes. Through an ethnographic study of the pseudo-oligarchs, failed European businessmen, frustrated managers, and unpaid workers that populate Macedonia's construction sector, F…
"This book describes the importance of finance and real estate for the emergence of authoritarian regimes. Through an ethnographic study of the pseudo-oligarchs, failed European businessmen, frustrated managers, and unpaid workers that populate Macedonia's construction sector, F…
Dark Finance offers one of the first ethnographic accounts of financial expansion and its political impacts in Eastern Europe. Following workers, managers, and investors in the Macedonian construction sector, Fabio Mattioli shows how financialization can empower authoritarian re…
"This book describes the importance of finance and real estate for the emergence of authoritarian regimes. Through an ethnographic study of the pseudo-oligarchs, failed European businessmen, frustrated managers, and unpaid workers that populate Macedonia's construction sector, F…
"This book describes the importance of finance and real estate for the emergence of authoritarian regimes. Through an ethnographic study of the pseudo-oligarchs, failed European businessmen, frustrated managers, and unpaid workers that populate Macedonia's construction sector, F…
This book studies unemployment and inflation in economic crises, first considering the scenario of a demand shock in Europe. In that case, monetary and fiscal interaction would cause widespread oscillations in European unemployment and European inflation. And what is more, there…
