The Future of Money: From Financial Crisis to Public Resource.
Mary Mellor; Pluto Press, 2010, 197 pp.
The nature of money deserves more attention. Relegated to a veil and a mere medium of exchange, the subject of money has been long trivialized in economics. Exploration about the nature of money disturbs stories about harmonious market exchange and mysterious tendencies toward economic stability and full employment. For that reason perhaps many economists do not venture that often into such explorations. Mary Mellor does – while excavating the roots of the most recent global financial turmoil – focusing on the United Kingdom and the United States. Yet, her analysis is still chained to elements of a “sound finance” and commodity money paradigm, the very constructs that the author disputes in making her case for money as a public resource.
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