Money is everywhere in our daily lives. It lurks in the swipe of a
card at the grocery store, in looming student-loan debts, in the prices
of things we want, and in our subconscious navigation of the modern
world. In this revelatory book, economists Mason and Jayadev explain how
and why money is so deeply misunderstood by the world it dominates—as
well as the dangerous social implications of this misunderstanding. Against Money (University of Chicago Press, 2026) tackles
the most dearly held “truths” of economics, arguing that the world of
money has never been an impartial representation of the world of things.
Instead, its existence in different forms—debt, capital, liquidity, and
interest—increasingly shapes events in the real world rather than just
reflecting them. Sometimes money enables new forms of cooperation; more
often it facilitates domination. Human existence is not just facilitated
by money but also governed by it.
J.W. Mason is an Associate Professor of Economics at John Jay
College, City University of New York and a Senior Fellow at the
Groundworks Collective. He was formerly the Policy Director for the New
York State Working Families Party. Arjun teaches Economics at the
University. Arjun Jayadev is Professor of Economics at Azim Premji
University in India.
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