According to leading economist Ann Pettifor, one of the few people to predict the 2008 financial crisis, money is not a commodity but a promise. This radical reconsideration of the power of money means that we can reimagine the way the economy works.
The Production of Money also examines popular alternative debates on, and innovations in, money, such as "green QE" and "helicopter money." She sets out the possibility of linking the money in our pockets (or on our smartphones) to the improvements we want to see in the world around us.
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Ann Pettifor is Director of Prime (Policy Research in Macroeconomics) and a Fellow of the New Economics Foundation. She has honorary doctorates from Newcastle University, Helsinki University and SOAS. She is known for predicting the global financial crisis of 2007-9 and for her leadership of a campaign that resulted in massive debt cancellation for more than thirty countries - Jubilee 2000. She is the author of The Coming First World Debt Crisis, The Production of Money and The Case for the Green New Deal. Her Substack is System Change.
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