J.W. Mason: Against Money

[James Keenan]

Yesterday J.W. Mason, an economics prof at John Jay College (part of City University of New York), published a post on Substack, Talking about Against Money at the New School, which is essentially a preview of a forthcoming book, Against Money, which he co-wrote with Arjun Jayadev. At over 9700 words, this post is 6 to 11 times too long for a Substack post, but I think subscribers to this list should work their way through it anyway. What I've read so far is a good discussion of the heterodox approach to money from the 18th century to the present, with particular focus on the defects of the mainstream, "loanable funds" approach to banking. I've just gotten up to the part where Minsky enters the picture.