Ownership Economics
On the Foundations of Interest, Money, Markets, Business Cycles and Economic Development
- 196 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Ownership Economics
On the Foundations of Interest, Money, Markets, Business Cycles and Economic Development
About this book
This book presents the first full-length explanation in English of Heinsohn and Steiger's groundbreaking theory of money and interest, which emphasizes the role played by private property rights.
Ownership economics gives an alternative explanation of money and interest, proposing that operations enabled by property lead to interest and money, rather than exchange of goods. Like any other approach, it has to answer economic theory's core question: what is the loss that has to be compensated by interest?
Ownership economics accepts neither a temporary loss of goods, as in neoclassical economics, nor Keynes's temporary loss of already existing, exogenous money as the cause of interest. Rather, money is created as a non-physical title to property in a credit contract secured by a debtor's collateral and the creditor's net worth.
This book is an edited English translation of a highly successful German text, and offers the first book-length treatment of a theory which has received much interest since its first appearance in articles in the late 1970s.
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Information
Table of contents
- Cover Page
- Half Title page
- series
- Title Page
- Copyright Page
- Contents
- Ownership Economics: An Introduction – by Frank Decker
- Preface to the First German Edition of Ownership Economics
- 1 Possession and Ownership Use of goods versus economic activity
- 2 The Blindness of the Great Schools of Economics towards Ownership
- 3 The Economic Core of the Ownership System Interest, money and property assets
- 4 The Market as the Result of the Ownership-Based Economy
- 5 Issues Associated with Ownership in Developing and Transformation Countries
- Editor's Glossary of Ownership Economic Terms and Concepts
- Editor's Summary of the Role of Property Rights in the Modern Ownership-Based Economic System
- Notes
- References
- Index