Reconsidering the Privileged Powers of Banks (eBook, PDF)
Foundations of Sovereign Money, Wealth and Real Capital for Sustainability
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Reconsidering the Privileged Powers of Banks (eBook, PDF)
Foundations of Sovereign Money, Wealth and Real Capital for Sustainability
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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.…mehr
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- Produktdetails
- Verlag: Springer Nature Singapore
- Erscheinungstermin: 26. Oktober 2023
- Englisch
- ISBN-13: 9789819960583
- Artikelnr.: 69224548
- Verlag: Springer Nature Singapore
- Erscheinungstermin: 26. Oktober 2023
- Englisch
- ISBN-13: 9789819960583
- Artikelnr.: 69224548
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.