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A01=Aaron Sahr
Accumulation
Age Group_Uncategorized
Age Group_Uncategorized
Author_Aaron Sahr
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B06=Sharon Howe
Banking system
Banks
Capitalism
Category1=Non-Fiction
Category=JBCC9
Category=JFCX
Category=JHBA
Category=KCA
COP=United Kingdom
Debt
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Distribution
Economic sociology
eq_business-finance-law
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eq_non-fiction
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Finance
Financial system
Financialization
Inequality
Keystroke
Language_English
Modern Monetary Theory
Monetary creation
Monetary theory
Money
Money creation
PA=Available
Political economy
Power of money
Predistribution
Price_€10 to €20
PS=Active
Savings
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Keystroke Capitalism

English

By (author): Aaron Sahr

Translated by: Sharon Howe

Contemporary capitalism produces more and more money, debt, and inequality. These three trends have a common cause: the privilege of private banks to create money by means of accounting - by the stroke of a key. Why was this privilege not addressed politically for so long - and who benefited from it? At the heart of the answer lies the realization that the power to create money has been hidden by the way we commonly think and talk about capitalism. The book traces the omission of money creation from theories of capitalism and maps its consequences. By expanding the manoeuvring space for the banks to use their privilege, the capitalist countries have financed a transformation of the economy known as financialization. As a result, the real economy and private households became a debt supplier to a monetary system whose returns accumulate at the top. It is not simply "the markets" but money itself that transfers economic benefits from the masses to a minority. Increasing inequality of income and wealth can therefore only be combated if one does not only correct distributive results of markets-redistribution-, but addresses predistribution: the modalities of money creation. See more
€19.99
A01=Aaron SahrAccumulationAge Group_UncategorizedAuthor_Aaron Sahrautomatic-updateB06=Sharon HoweBanking systemBanksCapitalismCategory1=Non-FictionCategory=JBCC9Category=JFCXCategory=JHBACategory=KCACOP=United KingdomDebtDelivery_Delivery within 10-20 working daysDistributionEconomic sociologyeq_business-finance-laweq_isMigrated=2eq_non-fictioneq_society-politicsFinanceFinancial systemFinancializationInequalityKeystrokeLanguage_EnglishModern Monetary TheoryMonetary creationMonetary theoryMoneyMoney creationPA=AvailablePolitical economyPower of moneyPredistributionPrice_€10 to €20PS=ActiveSavingssoftlaunch
Delivery/Collection within 10-20 working days
Product Details
  • Weight: 140g
  • Dimensions: 140 x 210mm
  • Publication Date: 01 Mar 2022
  • Publisher: Verso Books
  • Publication City/Country: GB
  • Language: English
  • ISBN13: 9781839761195

About Aaron Sahr

Aaron Sahr is a philosopher turned economic sociologist. He is visiting professor at Leuphana University Lüneburg, Germany, and head of the research group "Monetary Sovereignty" at the Hamburg Institute for Social Research. His research interests include the sociology of money, facts and fictions about monetary policy, the history of capitalism, inequality, and social ontology.

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