The Enchanter's Wand
The Volatile Partnership at the Heart of Global Finance
$32.71
- Paperback
224 pages
- Release Date
28 April 2027
Summary
Economist Ramaa Vasudevan lays bare the political-economic alchemy—the enchanter’s wand—that transmutes public debt into private wealth. She shows how US-led finance commandeers public powers in its pursuit of returns and how debt usurps authority from peripheral states. Warning that a malignant mutation is underway with the rise of cryptofinance and the tighter embrace of Big-Tech and Big Finance, she points to the possibilities and pitfalls of the Chinese model of partnership, where the state maintains a tight leash on finance. The path forward, she argues, lies in reclaiming public debt as the common property of all and establishing the democratic claims of working people over those of global finance.
Book Details
| ISBN-13: | 9781804296530 |
|---|---|
| ISBN-10: | 1804296538 |
| Author: | Ramaa Vasudevan |
| Publisher: | Verso Books |
| Imprint: | Verso Books |
| Format: | Paperback |
| Number of Pages: | 224 |
| Release Date: | 28 April 2027 |
| Weight: | 300g |
| Dimensions: | 140mm x 210mm |
Critics Review
In this engaging study, Ramaa Vasudevan gets to the heart of a paradox: Global finance depends on the state for its survival, yet every bailout leaves it more powerful and the state more constrained. The Enchanter’s Wand is essential reading. – BHASKAR SUNKARA, COAUTHOR OF THE BLUEPRINT
A sweeping account of the entanglements between finance and the state that lie at the heart of American dollar power. Anyone serious about confronting the major obstacles to human flourishing should read this book. – MICHAEL A. McCARTHY, AUTHOR OF THE MASTER’S TOOLS
Ramaa Vasudevan
Ramaa Vasudevan is Professor of Economics at Colorado State University. Her research focuses on the political economy of money and finance. She is the author of Things Fall Apart: From the crash of 2008 to the great slump, a book on the financial crisis of 2008. She has been a contributor to Monthly Review, Jacobin, and Catalyst. She has published over 30 peer-reviewed journal articles and book chapters and is on the editorial board of Catalyst, and the Review of Political Economy.
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