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Author: R. J. Douthwaite
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 96
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Book Description
This text explains why money has different effects according to its origins and purposes. It shows that to build a just and sustainable world, money creation must be democratized and the payment of interest on money in circulation scrapped.
Author: R. J. Douthwaite
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 96
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Book Description
This text explains why money has different effects according to its origins and purposes. It shows that to build a just and sustainable world, money creation must be democratized and the payment of interest on money in circulation scrapped.
Author: Adrian Kuzminski
Publisher: Lexington Books
ISBN: 0739177184
Category : Political Science
Languages : en
Pages : 153
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Book Description
Modern economies must "grow" because money borrowed for investment can be repaid only by expanding production and consumption to meet the burden of usurious rates of interest. The roots of this dynamic between debt and growth lay in the financial revolution of the late seventeenth and early eighteenth centuries in Britain which established a new usurious monetary system. For the first time in history credit was made widely available, but only on condition of an exponentially increasing debt burden. To pay back debts production had to increase correspondingly, leading to the industrial revolution, economic "growth", and modernity itself. Though private creditors gained a monopoly over the creation of credit, and were disproportionately enriched, the resulting economic growth for a time was great enough to benefit most debtors as well as creditors, ensuring widespread prosperity. That is no longer the case. With today's eco-crisis we have reached the limits of growth. We no longer have the natural resources to grow fast enough to pay our debts. This is the real root of our current financial crisis. If we are to live sustainably, our system of money and credit must be transformed. We need a non-usurious monetary system appropriate to a steady-state economy, with capital broadly distributed at non-usurious rates of interest. Such a system was developed by an early nineteenth century American thinker, Edward Kellogg, and is explored here in depth. His work inspired the populist movement and remains more relevant than ever as a viable alternative to the a financial system we can no longer afford.
Author: Geoffrey Ingham
Publisher: John Wiley & Sons
ISBN: 0745638031
Category : Social Science
Languages : en
Pages : 264
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Book Description
In this important new book, Geoffrey Ingham draws on neglected traditions in the social sciences to develop a theory of the ‘social relation’ of money. Genuinely multidisciplinary approach, based on a thorough knowledge of theories of money in the social sciences An original development of the neglected heterodox theories of money New histories of the origins and development of forms of money and their social relations of production in different monetary systems A radical interpretation of capitalism as a particular type of monetary system and the first sociological outline of the institutional structure of the social production of capitalist money A radical critique of recent writing on global e-money, the so-called ‘end of money’, and new monetary spaces such as the euro.
Author: Philip Goodchild
Publisher: Duke University Press
ISBN: 0822392550
Category : Religion
Languages : en
Pages : 315
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Book Description
Theology of Money is a philosophical inquiry into the nature and role of money in the contemporary world. Philip Goodchild reveals the significance of money as a dynamic social force by arguing that under its influence, moral evaluation is subordinated to economic valuation, which is essentially abstract and anarchic. His rigorous inquiry opens into a complex analysis of political economy, encompassing markets and capital, banks and the state, class divisions, accounting practices, and the ecological crisis awaiting capitalism. Engaging with Christian theology and the thought of Carl Schmitt, Georg Simmel, Karl Marx, Adam Smith, and many others, Goodchild develops a theology of money based on four contentions, which he elaborates in depth. First, money has no intrinsic value; it is a promise of value, a crystallization of future hopes. Second, money is the supreme value in contemporary society. Third, the value of assets measured by money is always future-oriented, dependent on expectations about how much might be obtained for those assets at a later date. Since this value, when realized, will again depend on future expectations, the future is forever deferred. Financial value is essentially a degree of hope, expectation, trust, or credit. Fourth, money is created as debt, which involves a social obligation to work or make profits to repay the loan. As a system of debts, money imposes an immense and irresistible system of social control on individuals, corporations, and governments, each of whom are threatened by economic failure if they refuse their obligations to the money system. This system of debt has progressively tightened its hold on all sectors and regions of global society. With Theology of Money, Goodchild aims to make conscious our collective faith and its dire implications.
Author: Alf Hornborg
Publisher: Routledge
ISBN: 1136658491
Category : Business & Economics
Languages : en
Pages : 206
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Book Description
In modern society, we tend to have faith in technology. But is our concept of ‘technology’ itself a cultural illusion? This book challenges the idea that humanity as a whole is united in a common development toward increasingly efficient technologies. Instead it argues that modern technology implies a kind of global ‘zero-sum game’ involving uneven resource flows, which make it possible for wealthier parts of global society to save time and space at the expense of humans and environments in the poorer parts. We tend to think of the functioning of machines as if it was detached from the social relations of exchange which make machines economically and physically possible (in some areas). But even the steam engine that was the core of the Industrial Revolution in England was indissolubly linked to slave labour and soil erosion in distant cotton plantations. And even as seemingly benign a technology as railways have historically saved time (and accessed space) primarily for those who can afford them, but at the expense of labour time and natural space lost for other social groups with less purchasing power. The existence of technology, in other words, is not a cornucopia signifying general human progress, but the unevenly distributed result of unequal resource transfers that the science of economics is not equipped to perceive. Technology is not simply a relation between humans and their natural environment, but more fundamentally a way of organizing global human society. From the very start it has been a global phenomenon, which has intertwined political, economic and environmental histories in complex and inequitable ways. This book unravels these complex connections and rejects the widespread notion that technology will make the world sustainable. Instead it suggests a radical reform of money, which would be as useful for achieving sustainability as for avoiding financial breakdown. It brings together various perspectives from environmental and economic anthropology, ecological economics, political ecology, world-system analysis, fetishism theory, semiotics, environmental and economic history, and development theory. Its main contribution is a new understanding of technological development and concerns about global sustainability as questions of power and uneven distribution, ultimately deriving from the inherent logic of general-purpose money. It should be of interest to students and professionals with a background or current engagement in anthropology, sustainability studies, environmental history, economic history, or development studies.
Author: Didi Pershouse
Publisher:
ISBN: 9780692613030
Category :
Languages : en
Pages : 316
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Book Description
What can Cuban doctors, innovative ranchers in Saskatchewan, and the microbiome teach us about how to care for people and the Earth at the same time? In this richly layered book, Didi Pershouse takes us on a fast-moving, sharp-witted journey through her own life: from growing up with the neurosurgeon who accidentally discovered the seat of memory in the brain, to working in a smoke-filled office at New York magazine, to her career as an innovative acupuncturist in Vermont, and on to a passion for close-knit communities, grazing cows, and soil restoration as solutions to much of what ails us.Along the way, she unfolds a surprising new take on the story of our time: how the germ theory of disease joined with a profit-based economy, and unwittingly led to a "sterilization" of medicine, agriculture, and even our social lives. This 150-year detour has brought about the near destruction of our climate as well as a great forgetting of the power of connection.By documenting a scientific understanding of the intelligence of the whole, Pershouse nudges us awake with a hopeful view and shows us how to reclaim the rich, "fertile" lives we are meant for.
Author: Paul Hawken
Publisher:
ISBN: 9781857992168
Category : Economic development
Languages : en
Pages : 253
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Book Description
Paul Hawken believes that the impending ecological catastrophe cannot be prevented by individuals - only big business is powerful and influential enough to reverse the present trend. In this book he sets out to show the need for a new relationship between governments and businesses, believing that their present collusion against the public is undemocratic.
Author: Herman E. Daly
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 218
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Book Description
Contains articles first published in journals in the 1980s and 1990s by a leading commentator on the environment, offering lively criticism of existing work on ecological economics and the economics of ecology. A theme of all the essays is that changes in perspective, attitudes, and policies are required to avoid the impoverishment that results when environmental and social costs of growth exceed benefits. Issues addressed include growth economics, misunderstandings of thermodynamics, economic development and population, globalization, money, and humans in the ecosystem. The author is a professor in the school of public affairs at the University of Maryland. Annotation copyrighted by Book News, Inc., Portland, OR
Author: Adrian Kuzminski
Publisher: Bloomsbury Publishing USA
ISBN: 1628924012
Category : Political Science
Languages : en
Pages : 300
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Book Description
In the current climate of dissatisfaction with "democratic" Western political and economic systems, this is a timely book that demonstrates a true political Third Way. Populism is distinguished from other political movements by its insistence on two things conspicuously missing from modern systems of political economy: genuine democracy based on local citizen assemblies, and the widespread distribution among the population of privately-owned economic capital. Fixing the System offers a comprehensive historical account of populism, revealing the consistent and distinct history of populism since ancient times. Adrian Kuzminski demonstrates that populism is a tradition of practice as well as thought, ranging from ancient city states to the frontier communities of colonial america-all places where widely distributed private property and democratic decision-making combined to foster material prosperity and cultural innovation. In calling for a wide distribution of both property and democracy, populism opposes the political and economic system found today in the united states and other Western countries, where property remains highly concentrated in private hands and where representatives chosen in impersonal mass elections frustrate democracy by serving private monied interests rather than the public good. As Kuzminski demonstrates, as one of very few systematic alternatives to today's political and economic system, populism, offers a pragmatic program for fundamental social change that deserves wide and serious consideration. Populism is a genuine "third way" in politics, a middle path between the extremes of corporate anarchy and collective authoritarianism. As America takes stock of her current situation and looks toward the future in the 2008 election year, Fixing the System offers a trenchant and timely study of this deep-rooted movement.
Author: Charles R. Beaton
Publisher: CRC Press
ISBN: 143985310X
Category : Law
Languages : en
Pages : 211
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Book Description
The earth, our home, is in crisis. There are two sides to this crisis-our global economy, and its effect on the ecology of our home planet. Despite conventional thinking that typical monetary and fiscal manipulations will put us back on the path of economic growth, the reality is not that simple. Meanwhile, the natural environment is sending unmist
