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Book Review: The Power to Create Money ‘Out of Thin Air’

January 2013

In this review essay of Geoffrey Ingham’s book Capitalism, Ann Pettifor stresses the need to understand the elastic production of money under capitalism and to move beyond the legacy of Adam Smith and ‘fractional reserve banking.’

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Ann Pettifor

Ann Pettifor

Ann Pettifor – Director of PRIME and author of The Case for the Green New Deal (Verso, 2019) and The Production of Money (Verso, 2017).
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Policy Research in Macroeconomics (PRIME’s official name) is a company limited by guarantee, incorporated in England and Wales. It is company no. 07438334 and its registered office is at 11a Hatch Road, Pilgrims Hatch, Brentwood, Essex, CM15 9PU.

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