- 323 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
The history of money and its violent and oppressive origins from slavery to warâby the author of
Global Slump.
In most accounts of the origins of money we are offered pleasant tales in which it arises to the mutual benefit of all parties as a result of barter. But in this groundbreaking study, David McNally reveals the true story of money's origins and development as one of violence and human bondage. Money's emergence and its transformation are shown to be intimately connected to the buying and selling of slaves and the waging of war.
Blood and Money demonstrates the ways that money has "internalized" its violent origins, making clear that it has become a concentrated force of social power and domination. Where Adam Smith observed that monetary wealth represents "command over labor," this paradigm shifting book amends his view to define money as comprising the command over persons and their bodies.
"This fascinating and informative study, rich in novel insights, treats money not as an abstraction from its social base but as deeply embedded in its essential functions and origins in brutal violence and harsh oppression." âNoam Chomsky
"A fine-grained historical analysis of the interconnection between war, enslavement, finance, and money from classical times to present." âJeff Noonan, author of
The Troubles of Democracy
"McNally casts an unsparing light on the origins of moneyâand capitalism itselfâin this scathing, Marxist-informed account . . . . McNally builds a powerful, richly documented argument that unchecked capitalism prioritizes greed and violence over compassion . . . . [T]his searing academic treatise makes a convincing case." â
Publishers Weekly
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Information
Table of contents
- Cover
- Copyright
- Contents
- Foreword and Acknowledgments
- Introduction
- 1. âDroves I Took Alive and Auctioned Off as Slavesâ: War, Slavery, and Ancient Markets
- 2. The Law of the Body: Money and the State
- 3. From the Bones of Princes to the Blood of the Commonwealth: War Finance and the Origins of Capitalism
- 4. Blood in the Water: Colonialism, Slavery, and the Birth of Modern Money
- 5. Imperial War, Imperial Money: The Dollarâs Rise to Global Dominance
- Conclusion
- Notes
- Index
- Back Cover