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Reconsidering the Privileged Powers of Banks

Name: Reconsidering the Privileged Powers of Banks
Brand: Palgrave Macmillan
SKU: 45081652
Price: 132.34 EUR
Availability: InStock
Author: Kozo Torasan Mayumi
ISBN: 9789819960583

Foundations of Sovereign Money, Wealth and Real Capital for Sustainability

Kozo Torasan Mayumi

Ansel Renner

Jezik

Angleščina

E-knjiga Adobe ePub DRM

Založba Palgrave Macmillan, oktober 2023

This book explores the privileged powers commercial banks hold, namely, their ability to create mone... Celoten opis

Koda Libristo: 45081652

324 b

132.34 €

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This book explores the privileged powers commercial banks hold, namely, their ability to create money out of nothing and then have that money grow in tune with a positive interest rate. Said powers defy, in an unnatural sense, the first and second laws of thermodynamics. The necessity of understanding the dual natures of money, wealth, and real capital, or, put differently, the reality that these three entities are simultaneously individual affluence and collective biophysical debt, is emphasized. The book culminates by proposing completely new foundations of money, wealth, and real capital for any society on a pathway of responsible development.