Cover; Half-title page; Title page; Copyright page; Contents; Preface; Introduction; 1 What Makes Money Legitimate?; 1.1 Is There a 'Nature' of Money?; 1.2 Legitimacy; 1.3 Governance; 1.4 Who Should Govern Money?; 1.5 Governance, Legitimacy and Democracy; 2 Current Monetary Systems; 2.1 The Political Economy of Money in Capitalism; 2.2 Current Monetary Governance; 2.3 Legitimacy Claims of Current Monetary Governance; 2.4 Stakeholders under Governance; 3 The Political Economy of Monetary Reform; 3.1 From Financialization to Crisis; 3.2 The Role of Shadow Banking; 3.3 Putting Finance in Context.
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3.4 Why Money Captures Public Attention3.5 Towards Fundamental Reform?; 4 Bitcoin; 4.1 Critique of the State-Bank Power Nexus; 4.2 Support from the Fringes: Theoretical Roots; 4.3 From Free Banking to Cyberlibertarianism: Historical Roots; 4.4 Digital Alchemism? The Bitcoin Proposal; 4.5 The Masked Transactor: Bitcoin As Payment System; 4.6 Digital Gold? Bitcoin As Monetary System; 4.7 Conclusion; 5 Regional Money; 5.1 Attack on Dysfunctional Megasystems; 5.2 Practitioners' Economic Thought: Theoretical Roots; 5.3 Historical Roots: The 'Ecology of Money'2.
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5.4 Rebuilding Regions with Regional Money: The Proposal5.5 Regionalizing Trust: Output Legitimacy; 5.6 Monetary Governance by Assembly: Input Legitimacy; 5.7 Conclusion; 6 Sovereign Money; 6.1 A Monetarist Critique of Fractional Reserve Banking; 6.2 100 Percenters: Historical and Theoretical Roots; 6.3 Sovereign Money to the Rescue: The Proposal; 6.4 Money by Decree: Output Legitimacy2; 6.5 The Benevolent Money Dictator: Input Legitimacy; 6.6 Conclusion; 7 Modern Monetary Theory (MMT); 7.1 Against Constraints; 7.2 What the State Can Do: Predecessors.
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7.3 Hidden Possibilities: The MMT Proposal7.4 Reclaiming Money As Monopoly: Output Legitimacy; 7.5 Indivisible Democracy: Input Legitimacy; 7.6 Conclusion; 8 Money and Democracy in Perspective; 8.1 Monetary Reform and Visions of Society; 8.2 In Search of Monetary Autonomy; 8.3 Hybridity and Its Discontents; 8.4 Democratization As Empowerment; 8.5 The Future Status of Money; Notes; References; Index.
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SUMMARY OR ABSTRACT
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Provides an economic analysis of current, post-crisis monetary reform proposals, including Bitcoin, sovereign money, regional money and Modern Monetary Theory.
OTHER EDITION IN ANOTHER MEDIUM
International Standard Book Number
9781107195813
TOPICAL NAME USED AS SUBJECT
Monetary policy.
Money.
BUSINESS & ECONOMICS-- Economics-- Macroeconomics.