The Ecology of Money
In this Schumacher Briefing, Richard Douthwaite argues that just as different insects and animals have different effects on human society and the natural world, money has different effects according to its origins and purposes. Was it created to make profits for a commercial bank, or issued by a government as a form of taxation? Or was it created by its users themselves purely to facilitate their trade? And was it made in the place where it is used, or did local people have to provide goods and services to outsiders to get enough of it to trade among themselves? The Briefing shows that it will be impossible to build a just and sustainable world unless and until money creation is democratized.
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Foreword by Bernard Lietaer
One Country Four Currencies
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allow amount of money balance Ballyhaunis banks create money borrow bracteates businesses capital cash central bank commercial banks commodities costs debt deposit dollar earn ebcus economic system economists emissions ensure exchange money exchange rate exports firms form of money global gold exchange standard gold standard goldsmith Hureai Kippu important increased inflation investment Irish pounds issued lending LETS systems loans means of exchange Michael Linton money created money creation money in circulation money supply system money system national currency national exchange currency notes and coins paid payment pound profits receipts reduced regional rency reserve currencies reserve ratio result Romas savings scarce resource Schumacher Society seigniorage sell SERs silver Special Emission spend sterling store of value store-of-value currency store-of-value money surplus sustainability Swiss francs trading type of money unit of account users wampum