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Books in brief: The Production of Money by Ann Pettifor

People serve the financial system—it should be the other way round

By Fran Boait   April 2017

The Production of Money: How to Break the Power of the Banksby Ann Pettifor (Verso, £12.99)

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Ann Pettifor’s new book is an excellent contribution to the growing body of thought exposing mainstream neoclassical economics’ poor understanding of money, banking and finance. Furthermore, she elucidates how its thinking has led to a financial system that we serve, instead of one that serves us. Drawing extensively on Keynes, she proposes: that bank lending should be regulated so that credit is guided into productive lending not speculative activity; that regulators…

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