European University Institute Library

Debt or democracy, public money for sustainability and social justice, Mary Mellor

eng

Includes bibliographical references (pages 195-204) and index

index present

non fiction

Debt or democracy

bibliography

929917081

Mary Mellor

public money for sustainability and social justice

In the wake of the global financial crisis, most of the discussion has been focused on questions of debt. And the response, almost uniformly, has been austerity and privatization: cuts to services that have been painted as forms of reckless spending by a bloated public sector. In Debt or Democracy, Mary Mellor turns the whole conversation upside down, showing that the important question is not who owes what, but who controls the creation and circulation of money in the first place. When the problem is examined from that angle, it becomes clear that privatization, far from being the answer to our problem, is the very source of it<U+0127> the subordination of public finance to private interest. A direct challenge to conventional economic thinking, Debt or Democracy offers a bracing new analysis of our economic crisis and offers cogent, radical alternatives to create a more just and sustainable economic future.--, Provided by Publisher

Introduction 1. The Privatisation of Money and the Politics of Austerity 2. Money for Sustainability, Sufficiency and Social Justice 3. Provisioning through Public Money 4. Misunderstanding Public Money: Four Myths and a Confusion 5. Janus-faced: the Central Bank 6. Understanding Public Money 7. Public Money: Beyond the Borders 8. Conclusion: Crisis and Change Bibliography Index