Reconsidering the Privileged Powers of Banks: Foundations of Sovereign Money, Wealth and Real Capital for Sustainability
Autor Kozo Torasan Mayumi, Ansel Renneren Limba Engleză Hardback – 27 oct 2023
Preț: 715.23 lei
Preț vechi: 872.22 lei
-18% Nou
Puncte Express: 1073
Preț estimativ în valută:
136.92€ • 140.82$ • 113.59£
136.92€ • 140.82$ • 113.59£
Carte tipărită la comandă
Livrare economică 19 februarie-05 martie
Preluare comenzi: 021 569.72.76
Specificații
ISBN-13: 9789819960576
ISBN-10: 9819960576
Ilustrații: XXI, 221 p. 25 illus., 22 illus. in color.
Dimensiuni: 148 x 210 mm
Greutate: 0.44 kg
Ediția:1st ed. 2023
Editura: Springer Nature Singapore
Colecția Palgrave Macmillan
Locul publicării:Singapore, Singapore
ISBN-10: 9819960576
Ilustrații: XXI, 221 p. 25 illus., 22 illus. in color.
Dimensiuni: 148 x 210 mm
Greutate: 0.44 kg
Ediția:1st ed. 2023
Editura: Springer Nature Singapore
Colecția Palgrave Macmillan
Locul publicării:Singapore, Singapore
Cuprins
Chapter 1: Introduction.- Chapter 2: The First Unnatural Power Given to Commercial Banks: Creation of Money Out of Nothing.- Chapter 3: The Second Unnatural Power Given to Commercial Banks: The Origin of Money Interest and Its Implication for Sustainability.- Chapter 4: Lucrative Financial Activities and Their Close Relation to the Solvency of Society.- Chapter 5: The Dual Nature of Money: Pecuniary Individualistic Perspectives Endanger Collectivistic Perspectives for Biophysical Sustainability.- Chapter 6: Expanding Debt Trap and Reviving the Biophysical View on Wealth for a More Sustainable and Equitable Future: The Buddhist Perspective on a Decent Life.- Chapter 7: Real Capital and its Relation to Sustainability: The Dual Nature of Real Capital as Biophysical Wealth.- Chapter 8: Sustainability and the Road to Sovereign Money.- Chapter 9: Conclusion: Toward a Pathway of Responsible Development.
Notă biografică
Kozo Torasan Mayumi graduated from the Graduate School of Engineering at the Department of Applied Mathematics and Physics of Kyoto University. Between 1984 and 1988, he studied bioeconomics at the Department of Economics of Vanderbilt University under Prof. Nicholas Georgescu-Roegen’s supervision. Mayumi has been working in the field of energy analysis, ecological economics and complexity/hierarchy theory. Having retired from Tokushima University, he now works at the Kyoto College of Graduate Studies for Informatics.
Ansel Renner graduated from the Department of Geography and School of Environment of McGill University and the Institute of Environmental Science and Technology of the Autonomous University of Barcelona. As an academic researcher at the latter-mentioned institute, also as an independent contractor, Renner has been working on accounting methodology for processes of informed deliberation on the science-policy interface in relation to systemic issues of sustainability.
Textul de pe ultima copertă
“This is a highly recommended read for anyone interested in understanding why achieving a more sustainable future will require radical changes in the way the financial sector is regulated.”
—Roldan Muradian, International Society for Ecological Economics, Brazil
“[…] Money is ‘wealth’ for individuals and ‘debt’ for the society, to which the individuals belong. […] This book, written by Mayumi and Renner, provides a detailed and well-informed, sobering analysis of these contradictions and the abuses associated with the current use of the coding provided by money in modern society.”
—Mario Giampietro, Autonomous University of Barcelona, Spain
“[…] the authors of this intriguing book embark on a profound exploration of the privileged role of money creation that commercial banks have and the related issue of interest and discount rates.”
—Tommaso Luzzati, University of Pisa, Italy
“This magnificent book, exhaustively written, points sharply to [the] problem, […] and presents and discusses openly and with radical bravery, an alternative sovereign money system for the common good of humanity and of the Earth.”
—Jesús Ramos-Martín, Autonomous University of Barcelona, Spain “This insightful work delves into the intricate relationship between finance, economic growth, and environmental degradation […]. Mayumi and Renner’s thought-provoking analysis challenges readers to reconsider the privileged powers of banks and explore alternative paths toward a resilient and sustainable
financial system.”
—Silvio Funtowicz, University of Bergen, Norway
This book reconsiders the privileged powers commercial banks hold, i.e., their ability to create money out of nothing and then have that money grow with a positive interest rate. Said powers defy 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 new foundations of money, wealth, and real capital for sustainability.Kozo Torasan Mayumi, the last student of Georgescu-Roegen, works at the Kyoto
College of Graduate Studies for Informatics.
Ansel Renner works at the Autonomous University of Barcelona and independently
contracts on bioeconomics.
—Roldan Muradian, International Society for Ecological Economics, Brazil
“[…] Money is ‘wealth’ for individuals and ‘debt’ for the society, to which the individuals belong. […] This book, written by Mayumi and Renner, provides a detailed and well-informed, sobering analysis of these contradictions and the abuses associated with the current use of the coding provided by money in modern society.”
—Mario Giampietro, Autonomous University of Barcelona, Spain
“[…] the authors of this intriguing book embark on a profound exploration of the privileged role of money creation that commercial banks have and the related issue of interest and discount rates.”
—Tommaso Luzzati, University of Pisa, Italy
“This magnificent book, exhaustively written, points sharply to [the] problem, […] and presents and discusses openly and with radical bravery, an alternative sovereign money system for the common good of humanity and of the Earth.”
—Jesús Ramos-Martín, Autonomous University of Barcelona, Spain “This insightful work delves into the intricate relationship between finance, economic growth, and environmental degradation […]. Mayumi and Renner’s thought-provoking analysis challenges readers to reconsider the privileged powers of banks and explore alternative paths toward a resilient and sustainable
financial system.”
—Silvio Funtowicz, University of Bergen, Norway
This book reconsiders the privileged powers commercial banks hold, i.e., their ability to create money out of nothing and then have that money grow with a positive interest rate. Said powers defy 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 new foundations of money, wealth, and real capital for sustainability.Kozo Torasan Mayumi, the last student of Georgescu-Roegen, works at the Kyoto
College of Graduate Studies for Informatics.
Ansel Renner works at the Autonomous University of Barcelona and independently
contracts on bioeconomics.
Caracteristici
Questioning the privileged powers of banks can create money out of nothing and obtain interest payments over time Proposing a completely new foundation of money, wealth and real capital for sustainable and equitable societies Showing practical legal & institutional arrangements establish sovereign money system, democratically organized