Chelsea Green Publishing

The End of Money and the Future of Civilization

Pages:280 pages
Book Art:Black and white photos, tables, and diagrams
Size: 6 x 9 inch
Publisher:Chelsea Green Publishing
Paperback: 9781603580786
Pub. Date June 04, 2009
eBook: 9781603582247
Pub. Date June 04, 2009

The End of Money and the Future of Civilization

Availability: In Stock


Available Date:
June 04, 2009


Availability: In Stock


Available Date:
June 04, 2009

$19.95 $15.96

Like the proverbial fish who doesn’t know what water is, we swim in an economy built on money that few of us comprehend, and, most definitely, what we don’t know is hurting us.

Very few people realize that the nature of money has changed profoundly over the past three centuries, or—as has been clear with the latest global financial crisis—the extent to which it has become a political instrument used to centralize power, concentrate wealth, and subvert popular government. On top of that, the economic growth imperative inherent in the present global monetary system is a main driver of global warming and other environmental crises.

The End of Money and the Future of Civilization demystifies the subjects of money, banking, and finance by tracing historical landmarks and important evolutionary shifts that have changed the essential nature of money. Greco’s masterful work lays out the problems and then looks to the future for a next stage in money’s evolution that can liberate us as individuals and communities from the current grip of centralized and politicized money power.

Greco provides specific design proposals and exchange-system architectures for local, regional, national, and global financial systems. He offers strategies for their implementation and outlines actions grassroots organizations, businesses, and governments will need to take to achieve success.

Ultimately, The End of Money and the Future of Civilization provides the necessary understanding— for entrepreneurs, activists, and civic leaders—to implement approaches toward monetary liberation. These approaches would empower communities, preserve democratic institutions, and begin to build economies that are sustainable, democratic, and insulated from the financial crises that plague the dominant monetary system.


"We should be grateful to Tom Greco for his constructive and innovative thinking at a time when new ideas are badly needed."--Rodney Shakespeare, Visiting Professor of Binary Economics, Trisakti University (Jakarta, Indonesia)

"Tom Greco's The End of Money and the Future of Civilization is essential reading for everyone who yearns to restore sanity to our financial dealings and re-humanize our global economy. Greco details the abuses inherent in the widely misconstrued concept of 'legal tender,' and helps us understand the real roots of the current meltdown. He then offers unique tools for creating workable, enduring solutions. His story is compelling, and his lucid, accessible style makes it a rewarding read. The book's a true game-changer, and its appearance couldn't be more timely."--Philip Beard Professor emeritus, Sonoma State University, and co-founder of Sustaining Capital Cooperative, Sustaining Technologies LLC, and Sonoma County GoLocal Cooperative

"Many of the world's ills are symptoms of centralized control of our media, governments and resources by a small, invisible group of people. How can so few control and impoverish so many? Currency systems are an important source of this centralized power. Tom Greco's latest book helps us unpack the financial mysteries and consider our alternatives. There can be no question about it--Tom Greco is the pit bull of the alternative currency movement."--Catherine Austin Fitts, Solari Investment Advisory Services, LLC

"I have found Tom Greco to be a trusted and authoritative source of wisdom on the topics of the flaws in mainstream money and of the possibilities for alternatives. Even after years of garnering wisdom from Tom for my work with Toronto Dollars, his advice in this new book reaches a higher level of clarity and practicality."--Joy Kogawa, cofounder, Toronto Dollar

"Our world is moving to increasing and dominant usage of distributed networks, and the associated peer-to-peer dynamics of people aggregating around the construction of common value. We have the communication infrastructure, but we still need to build robust peer-to-peer energy grids, AND, just as important, we need to be able to create peer-to-peer currencies that strengthen resilient communities in the context of turbulent globalization. To undertake the latter task, one voice has been consistently investigating what determines success and failure regarding the social production of money. That voice is Thomas Greco, who not only offers the definitive book on the subject, but offers also the condensation of a whole life of research and engagement with the topic. The time of crying in the wilderness is over for Thomas Greco: this is the age where these ideas will be practically implemented. It is rare to find the combination of quality theory and robust implementation in one book, so please do acquire this gem."--Michel Bauwens, founder of the P2P Foundation

"Greco continues to educate us about why and how we, the people, have the power, the knowledge, and the tools available to us to civilize monetary systems around the world, thereby restoring an essential human element to our existence."--Krista Vardabash, former Executive Director of the International Reciprocal Trade Association

"Maybe you've noticed a slight bit of turmoil in our national and global financial system? This book cuts to the very core of the trouble--and points toward several pathways toward that might allow us to slowly climb out of the pit into which we've stumbled."--Bill McKibben, author of Deep Economy

"For the growing ranks of monetary reformers worldwide, long-time expert Tom Greco's deeply researched new book is essential reading. This gripping blend of theory and practicality lays out all the options for creating saner money and credit systems--and the real possibilities in today's information age of electronic trading and exchange, at last, without the need to use money at all."--Hazel Henderson, author of Ethical Markets and President of Ethical Markets Media (USA/Brazil)

"If there is one thing people everywhere should drop everything to learn right now it is how the money system works, why it is failing and what to do to survive and even thrive. The reason they don't is because it has been so difficult to get and to understand this information. Against all odds, Tom Greco has filled this important need with an easy read including the most practical advice for getting you through the crisis into a more secure, healthier and happier future."--Elisabet Sahtouris, Ph.D., evolution biologist; futurist; author of EarthDance: Living Systems in Evolution

"For those who would survive the sustainable cynicism of monopoly capital, now that the usurpers are caught red-handed and the mask of democracy has slipped, Greco provides the tools for regeneration of societies. Can we conceive of a new culture? Yes we can. Here are the tools for its monetary system, and it will thrive."--Anton Pinschof, organic farmer in Brittany (member of FNAB, French national federation of organic farmers), and co-founder of CESC, the Cliffs Edge Signalling Company (

"A stimulating and well-balanced work. Here, the serious student of monetary reform will find the mature reflections of a leading advocate of credit clearing. Thomas Greco's analysis of the modern monetary problem is excellent, his solution is practical and founded upon basic principles of justice. Policy makers and communities across diverse cultures and religions can learn much from this detailed and eloquent book. I strongly recommend it."--Tarek El Diwany, author of The Problem With Interest and Partner at Zest Advisory LLP

Tom's book is a chilling and gripping narrative that examines the history and current condition of our 300-year-old unbalanced and unsustainable monetary system. He goes on to propose specific changes that, when adopted, will transform our money system into a more user-friendly platform of exchange that will benefit all of the world's people. Simply a must read for everyone."--David Wallach, President, International Reciprocal Trade Association Global Board of Directors

"Thomas Greco dedicates his new book to the causes of social justice, economic equity, personal liberty, world peace, and ecological restoration. He begins by showing that none of these can be achieved until we give birth to a just and sustainable paradigm for exchanging energies. Clearly written, the roots of our current financial predicament are revealed, and the need for something better is lucidly explained. The serious reader will appreciate the author's long experience with alternative currencies: this book is a concise and efficient way to get up to speed on the history of alternatives to conventional 'money' as well as enter the new world of technologically liberated exchange that has the potential to bring about the end of money as we have known it."--Paul Grignon, creator of the movie Money as Debt

"Greco ... outlines the increasingly familiar story of how things got so bad, and he tells it as well as anyone has ever done.... More than that, Greco writes about how to change what has gone wrong. His credentials as an engineer, college professor, author, and consultant are impeccable. His book is among the most important written in this decade. It is truly a book that can alter the world and, if taken seriously, give large numbers of people a practical way to survive the gathering catastrophe."--Richard C. Cook, author of Challenger Revealed and We Hold These Truths: The Hope of Monetary Reform

"Greco precisely identifies the conflation of interests and confusion of thinking that have given rise to today's monetary muddles and proceeds to elucidate a viable strategy by which we all, as individuals and in association with one another, can unravel the tangle and build the basis for mutually profitable exchange."--Arthur Edwards, Director, Centre for Associative Economics

"If anything could save this civilization from the calamity to which its economic madness has led it--the unrelenting pursuit of materialism, the starkly inequitable division of wealth, the despoliation of the earth for profit--it would be the widespread adoption of the wisdom embodied in Tom Greco's clear and forthright new book. The fact that I doubt such a thing will happen, I am constrained to say, does not diminish the value of reading it."--Kirkpatrick Sale, author of Human Scale and After Eden: The Evolution of Human Domination


Thomas Greco

Thomas H. Greco, Jr. is the director of the Community Information Resource Center, which he founded in 1992. CIRC is a nonprofit consulting organization and networking hub dedicated to economic equity, social justice, and community improvement, specializing in community currency and mutual credit design, development, and implementation. He is a former engineer and professor of business administration. Tom's books include Money and Debt: A Solution to the Global Crisis, Money: Understanding and Creating Alternatives to Legal Tender, and The End of Money and the Future of Civilization. For more information on re-creating money systems, visit another webpage of Tom's, Reinventing Money (




By Thomas Greco

Cash. Loot. Scratch. Lucre. Bread. Coin. Scrip. Moolah. Green. We all think we know intuitively what money is, and what it can do for us. Tom Greco, director of the Community Information Resource Center, understands and explains money on an eye-popping, fundamental level. Moreover, he provides a roadmap on how to make alternatives to the "legal tender" work for individuals, communities, and local economies.

Money will set your mental gears spinning with fantastic ideas. This book explains the mysteries and realities of money in clear and accessible prose, and reveals the true workings, and alarming fragility, of our existing financial system. It also describes concrete and realistic actions that individuals, businesses, social service agencies, and governments can take to enhance productivity and purchasing power, to protect local economies from the ravages of globalization, and to strengthen the bonds of community.

Money is a radical critique of our existing financial system, but also a practical and inspirational how-to manual for creating a vibrant and effective community currency system.
You'll learn:

  • The truth about how money is created, and what it actually represents
  • Why we're all in debt
  • How the financial system is structured to inevitably transfer wealth from the poor to the rich
  • How to start a financial revolution in your local community

A retired professor of business and economics, Tom Greco has spent twenty years studying community currency systems around the world, including historical models (such as during the Great Depression), and the scores of contemporary examples now operating in the United States, Canada, Europe, South America, Australia, New Zealand, and Japan. He helped establish the Tucson Traders currency in Arizona, and he has served as a consultant for many others. No pie-in-the-sky idealist, Greco offers a realistic vision of how healthy local economies can be supplemented with flourishing community currencies.

Anyone who works routinely with money needs this book--this means bankers, stockbrokers, merchants, community organizers, loan sharks, gamblers, investors, bank robbers, hedgefund operators, sports agents, and ordinary people.


Available in: eBook

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Thomas Greco, Vicki Robin, Karen Kerney

eBook $25.00


Tom Greco PART 1 of 3 at The Economics of Peace Conference Sonoma Ca 2009

Tom Greco PART 2 of 3 at The Economics of Peace Conference Sonoma Ca 2009

Tom Greco PART 3 of 3 at The Economics of Peace Conference Sonoma Ca 2009

Thomas Greco @ Vienna

Thomas Greco @ Vienna


The Small-Scale Cheese Business

The Small-Scale Cheese Business

By Gianaclis Caldwell

There has never been a better time to be making and selling great cheese. People worldwide are consuming more high-quality, handmade cheese than ever before. The number of artisan cheesemakers has doubled in recent years, and many of the industry’s newcomers are “farmstead” producers–those who work only with the milk of their own animals. Today, more than ever before, the people who choose to become farmer-cheesemakers need access to the knowledge of established cheese artisans who can help them build their dream.

Few career choices lead to such extremes of labor, emotion, and monetary challenge. In The Small-Scale Cheese Business (originally published in 2010 as The Farmstead Creamery Advisor), respected cheesemaker, instructor, and speaker Gianaclis Caldwell walks would-be producers through the many, and often confusing, steps and decisions they will face when considering a career in this burgeoning cottage industry. This book fills the gap that exists between the pasture and cheese plate. It goes far beyond issues of caring for livestock and basic cheesemaking, explaining business issues such as:

    * Analyzing your suitability for the career;
    * Designing and building the cheese facility;
    * Sizing up the market;
    * Negotiating day-to-day obstacles;
    * Ensuring maximum safety and efficiency.

Drawing from her own and other cheesemakers’ experiences, Caldwell brings to life the story of creating a successful cheesemaking business in a practical, organized manner. Absolutely essential for anyone interested in becoming a licensed artisan cheesemaker, The Small-Scale Cheese Business will also appeal to the many small and hobby-farm owners who already have milking animals and who wish to improve their home dairy practices and facilities.

Available in: Paperback

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The Small-Scale Cheese Business

Gianaclis Caldwell

Paperback $34.95

We Don’t Quit!

We Don’t Quit!

By Don Stillman

We Don’t Quit! describes the crucial role the United Auto Workers (UAW) union has played in the global struggle for workers’ rights. At a time when labor’s power seems to be waning, the book establishes the UAW’s vigorous internationalism as a counterbalance to corporate globalization and anti-worker repression by foreign governments. The UAW joined independent black unions in South Africa in the struggle against apartheid. It supported the Solidarity union in Poland that toppled the communist regime there. In Central America, the UAW stood up for workers targeted by death squads. In moving detail, author Don Stillman describes the UAW’s efforts to win freedom for imprisoned worker activists in Burma, China, Nigeria, Indonesia, and Mexico. In addition, he outlines how the support of German workers helped the UAW organize workers in North Carolina in the face of a harsh anti-union campaign. At a time when corporations operate without national boundaries, We Don’t Quit!charts a path for workers to join together across borders to preserve and expand workers’ rights.

Available in: Paperback

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We Don’t Quit!

Don Stillman, Gary Casteel, Dennis Williams

Paperback $25.00



By Dean Cycon

In each cup of coffee we drink the major issues of the twenty-first century-globalization, immigration, women's rights, pollution, indigenous rights, and self-determination-are played out in villages and remote areas around the world. In Javatrekker: Dispatches from the World of Fair Trade Coffee, a unique hybrid of Fair Trade business, adventure travel, and cultural anthropology, author Dean Cycon brings readers face-to-face with the real people who make our morning coffee ritual possible.

Second only to oil in terms of its value, the coffee trade is complex with several levels of middlemen removing the 28 million growers in fifty distant countries far from you and your morning cup. And, according to Cycon, 99 percent of the people involved in the coffee economy have never been to a coffee village. They let advertising and images from the major coffee companies create their worldview.

Cycon changes that in this compelling book, taking the reader on a tour of ten countries in nine chapters through his passionate eye and unique perspective. Cycon, who is himself an amalgam-equal parts entrepreneur, activist, and mischievous explorer-has traveled extensively throughout the world's tropical coffeelands, and shows readers places and people that few if any outsiders have ever seen. Along the way, readers come to realize the promise and hope offered by sustainable business principles and the products derived from cooperation, fair pricing, and profit sharing.

Cycon introduces us to the Mamos of Colombia-holy men who believe they are literally holding the world together-despite the severe effects of climate change caused by us, their "younger brothers." He takes us on a trip through an ancient forest in Ethiopia where many believe that coffee was first discovered 1,500 years ago by the goatherd Kaldi and his animals. And readers learn of Mexico's infamous Death Train, which transported countless immigrants from Central America northward to the U.S. border, but took a horrifying toll in lost lives and limbs.
Rich with stories of people, landscapes, and customs, Javatrekker offers a deep appreciation and understanding of the global trade and culture of coffee.

In each cup of coffee we drink the major issues of the twenty-first century-globalization, immigration, women's rights, pollution, indigenous rights, and self-determination-are played out in villages and remote areas around the world.

What is Fair Trade Coffee?
Coffee prices paid to the farmer are based on the international commodity price for coffee (the "C" price) and the quality premium each farmer negotiates. Fair Trade provides an internationally determined minimum floor price when the C plus premium sinks below $1.26 per pound for conventional and $1.41 for organics (that's us!). As important as price, Fair Trade works with small farmers to create democratic cooperatives that insure fair dealing, accountability and transparency in trade transactions. In an industry where the farmer is traditionally ripped off by a host of middlemen, this is tremendously important.

Cooperatives are examined by the Fairtrade Labeling Organization (FLO), or the International Fair Trade Association (IFAT), European NGOs, for democratic process and transparency. Those that pass are listed on the FLO Registry or become IFAT members. Cooperatives provide important resources and organization to small farmers in the form of technical assistance for crop and harvest improvement, efficiencies in processing and shipping, strength in negotiation and an array of needed social services, such as health care and credit. Fair Trade also requires pre-financing of up to sixty percent of the value of the contract, if the farmers ask for it. Several groups, such as Ecologic and Green Development Fund have created funds for pre-finance lending.

Available in: Paperback, eBook

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Dean Cycon

Paperback $19.95

Limits to Growth - The 30-Year Update (Book & CD-ROM Bundle)

Limits to Growth - The 30-Year Update (Book & CD-ROM Bundle)

By Donella Meadows and Jorgen Randers and Dennis Meadows

In 1972 four young scientists at MIT wrote a book called The Limits to Growth that shocked the world and became an international best-seller. Using the World3 computer model, the authors looked into the future and sounded an alarm, for the first time showing the consequences of unchecked growth on a finite planet. Their book gained worldwide attention and became the cornerstone of a global debate on how to achieve a sustainable future.

Twenty years later the authors wrote Beyond the Limits, a follow-up volume that showed humanity was already overshooting Earth's limits. Beyond the Limits again provoked a national debate and galvanized the scientific and environmental academics leaders to incorporate Limits to Growth into the core environmental studies curriculum.

Now Limits to Growth: The 30-Year Update brings data on overshoot and global ecological collapse to the present moment. It provides a short course in the World3 computer model, types of growth, and the various kinds of overshoot likely to occur in the current century. While it remains to be seen whether public policy will respond effectively and in time to problems such as climate change, this book makes a compelling case for the vital need for a Sustainability Revolution.

The CD

This disc is intended for serious students of Limits to Growth: The 30-Year Update. It permits users to reproduce and examine the details of the ten scenarios published in the book. The CD can be run on most Macintosh and PC operating systems. With it you will be able to:

  • Reproduce the three graphs for each of the scenarios as they appear in the book
  • Graph the eleven individual parameters for each scenario
  • Create comparative plots to examine the behavior of one parameter under the assumptions for two or more scenarios
  • Print out 47 key variables in five-year increments from 1900 to 2100 for any of the scenarios

 The CD also includes:

  • Full model equations compatible with STELLA
  • Eighty-five JPEG files of the important book illustrations for use in lectures and classroom discussions

Available in: Mixed media product

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Limits to Growth - The 30-Year Update (Book & CD-ROM Bundle)

Jorgen Randers, Dennis Meadows, Donella Meadows

Mixed media product $42.50