You are not supposed to review a book without having read it. This often poses a problem for me, since I never buy books, but sometime want to say something about them before I can steal them off the internet.
Such is the case with Fred Moseley’s new book, ‘Money and totality’. Fortunately, in the case of Moseley’s new book, there is a paper trail going back at least to the 1990s on which I can draw to raise questions about his argument. These pre-publication texts (here, here, and here, along with a recent review of the book by Michael Roberts, raise enough questions about Moseley’s so-called ‘macromonetary’ approach to capital that allow me the opportunity to outline a number of troubling problems with methods.
I will detail them in the following post. The reader is forewarned, however, that what I say here may have already been addressed by Moseley in the book.