Description
Book SynopsisMoney is institutionalised social power. It is built in hierarchical layers out of the inherently variable material of politics and at various economic scales. This book outlines these variable processes theoretically and through case studies.
Table of ContentsAcknowledgements; Part I. 1. Money anchored to the future; 2. The money fetish: making promises into things; 3. Bending not breaking: monetary sovereignty and the survival constraint; 4. Mystical kernel within the rational shell: the Banking School's residual Chartalism; 5. Between currency and credit: Mehrling's money view; 6. There is no such thing as fiat money; 7. Coherence: why money is not value; Part II. 8. National Money vs Shadow Banking: contradictions of a public-private credit system; 9. A world without world money; 10. Proof of institutions: cryptocurrencies as digital fiat money; 11. Europe and democratic funding; 12. Democratic sovereignty makes money; References; Index.
