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9781799923015

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"""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."" -- ""Noam Chomsky"" ""McNally casts an unsparing light on the origins of money--and capitalism itself--in 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."" -- ""Publishers Weekly"" ""David McNally's new book makes an important contribution to the growing critical literature on such basic components of contemporary capitalism as markets and money. His historical perspective makes the contribution especially insightful."" -- ""Richard D. Wolff, author of Democracy at Work"" ""Blood and Money is an ambitious and challenging account of the nexus between money, war, slavery and, eventually, capitalism--across vast swathes of history. At the heart of the book lies a crucial argument about the pivotal role of war finance in the emergence of modern banking, carefully laid out both in McNally's superlative chapter on the early decades of the Bank of England and in the condensed and fascinating synopsis of American capitalism with which the study concludes. These chapters alone should make the book indispensable reading for anyone seriously interested in the longer-term sources of modern capitalism as we know it today."" -- ""Jairus Banaji, author of A Brief History of Commercial Capitalism"""

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. -- Noam Chomsky McNally casts an unsparing light on the origins of money--and capitalism itself--in 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. -- Publishers Weekly David McNally's new book makes an important contribution to the growing critical literature on such basic components of contemporary capitalism as markets and money. His historical perspective makes the contribution especially insightful. -- Richard D. Wolff, author of Democracy at Work Blood and Money is an ambitious and challenging account of the nexus between money, war, slavery and, eventually, capitalism--across vast swathes of history. At the heart of the book lies a crucial argument about the pivotal role of war finance in the emergence of modern banking, carefully laid out both in McNally's superlative chapter on the early decades of the Bank of England and in the condensed and fascinating synopsis of American capitalism with which the study concludes. These chapters alone should make the book indispensable reading for anyone seriously interested in the longer-term sources of modern capitalism as we know it today. -- Jairus Banaji, author of A Brief History of Commercial Capitalism

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David McNally is the Cullen Distinguished Professor of History and Business at the University of Houston and director of the Center for the Study of Capitalism. McNally is the author of seven books including Global Slump.

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