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Blood and Money: War, Slavery, Finance, and Empire (Hardcover)

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Description


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. 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.

About the Author


David McNally is the Cullen Distinguished Professor of History and Business at the University of Houston (UH) and Director of the Center for the Study of Capitalism. He is the author of Monsters of the Market, as well as six other books.
Product Details
ISBN: 9781642592276
ISBN-10: 1642592277
Publisher: Haymarket Books
Publication Date: June 16th, 2020
Pages: 320
Language: English