{"product_id":"money-5-000-years-of-debt-and-power-hardcover","title":"Money: 5,000 Years of Debt and Power - Hardcover","description":"\u003cp\u003eby \u003cb\u003eMichel Aglietta\u003c\/b\u003e (Author), \u003cb\u003ePepita Ould Ahmed\u003c\/b\u003e (Contribution by), \u003cb\u003eJean-François Ponsot\u003c\/b\u003e (Contribution by)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eThe major French economist offers a new theory of money\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eAs the financial crisis reached its climax in September 2008, the most important figure on the planet was Federal Reserve chairman Ben Bernanke. The whole financial system was collapsing, with little to stop it. When a senator asked Bernanke what would happen if the central bank did not carry out its rescue package, he replied, \"If we don't do this, we may not have an economy on Monday.\"\u003c\/p\u003e\u003cp\u003eWhat saved finance, and the Western economy, was fiscal and monetary stimulus - an influx of money, created ad hoc. It was a strategy that raised questions about the unexamined nature of money itself, an object suddenly revealed as something other than a neutral signifier of value. Through its grip on finance and the debt system, money confers sovereign power on the economy. If confidence in money is not maintained, crises follow. Looking over the last 5,000 years, Michel Aglietta explores the development of money and its close connection to sovereign power. This book employs the tools of anthropology, history and political economy in order to analyse how political structures and monetary systems have transformed one another. We can thus grasp the different eras of monetary regulation and the crises capitalism has endured throughout its history.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eMichel Aglietta\u003c\/b\u003e is Emeritus Professor at the Université Paris-Ouest, where he is a scholarly advisor to the CEPII and France Stratégie.\u003c\/p\u003e\u003cp\u003e\u003cb\u003ePepita Ould Ahmed\u003c\/b\u003e is an economist at the Institutde recherche pour le développement (IRD) and member of the CESSMA at the Université Paris-Diderot.\u003c\/p\u003e\u003cp\u003e\u003cb\u003eJean-François Ponsot \u003c\/b\u003eis a lecturer at the Centre de recherche en économie de Grenoble at the Université Grenoble-Alpes.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 432\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.5 x 9.5 x 6.1 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 23, 2018\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51770120536352,"sku":"9781786634412","price":34.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/c8eb6ce7bf80b16dbfef2db53e9eab02.webp?v=1780364896","url":"https:\/\/ebocreations.com\/products\/money-5-000-years-of-debt-and-power-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}