Uncover how money really moves in a market built on belief.
This penetrating study explains how bank credit, "money of account," and stock values can drive both growth and danger in capitalism.
Through careful analysis of monetary systems, the work shows how financial trust can mask instability and what that means for workers, lenders, and policy makers. It presents a clear view of how the banking system, profits, and debt interact to shape the economy during and after crises.
- Learn how bank-created money can function as real credit yet reveal hidden fragility
- Understand how reserves, deposits, and clearing influence bank risk and lending
- Explore the idea of social insolvency and its implications for policy and society
- Gain historical and economic context for debates about the future of capitalism
Ideal for readers of economics, history, and finance who want a rigorous look at how monetary systems affect the real world.