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Introduction

Published online by Cambridge University Press:  26 February 2018

Jocelyn Pixley
Affiliation:
Macquarie University, Sydney
Helena Flam
Affiliation:
Universität Leipzig
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Summary

An introduction to the concepts of mobile capital and critical junctures goes to the central aims of the Volume. It does not eulogize the ‘latest’, or spot a critical ‘juncture’ from yesterday, since any outcome is unpredictable. The mainly ‘new’ factor in the primary symbiotic relation between nation states and bank money creation in capitalism is the development of democratic procedures in the twentieth century. A lack of understanding of money is compared to obvious recognition of the principal world threats in nuclear warfare and climate change, and awareness of their causes. Reasons are canvassed for formidable silences over money’s social logic and interminable shifts in conflicts between debtors, creditors and governments. Rules are evaded, crises brushed over, war finance ignored, yet labour tries to resist this social logic. The global structure of money tends to over-ride most countries’ efforts to stem dangers, and disallow social movement activism. Each chapter’s original contribution to these themes and the authors’ excellent approaches (sociology, politics and heterodox economics) are given an overall logic for opening debates about the successes and failures in money’s promises and dangers; the winners and the losers in this major social division
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Publisher: Cambridge University Press
Print publication year: 2018

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