Reconsidering The Privileged Powers Of Banks Mayumi
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Reconsidering the Privileged Powers of Banks
Author: Kozo Torasan Mayumi
language: en
Publisher: Springer Nature
Release Date: 2023-10-26
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.
The Origins of Ecological Economics
Nicholas Georgescu-Roegen deserves to be called the father of ecological economics. This book connects Georgescu-Roegen's earlier work such as consumer choice theory and a critique of Leontief's dynamic model, with his later ambitious attempt to reformulate the economic process as 'bioeconomics', a theoretical alternative to neoclassical economics.
Bioeconomics and Sustainability
Author: Nicholas Georgescu-Roegen
language: en
Publisher: Edward Elgar Publishing
Release Date: 1999-01-01
Economists from around the world discuss Georgescu-Roegen's (1906-94) theories in a number of areas, but especially on environmental and energy economics. They address such topics as how long neoclassical economists can continue to ignore his contribu