political economy

Market societies use narratives to justify the social technology of money. As debates continue around money, debt, and the state, it is worthwhile to review three parables of money—credit money, commodity money and chartalism.

Calls for unions and activists to transform Wall Street from the inside have proliferated since 2008. But when progressives organize as shareholders—the financialization of protest—good intentions inevitably run up against a fundamental obstacle: the bottom line.