Reconsidering the Privileged Powers of Banks 1st edition by Kozo Torasan Mayumi, Ansel Renner - Ebook PDF Instant Download/DeliveryISBN: 9819960576, 978-9819960576
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Product details:
ISBN-10 : 9819960576
ISBN-13 : 978-9819960576
Author: Kozo Torasan Mayumi, Ansel Renner
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.
Reconsidering the Privileged Powers of Banks 1st Table of contents:
- The First Unnatural Power Given to Commercial Banks: Creation of Money Out of Nothing
- The Second Unnatural Power Given to Commercial Banks: The Origin of Money Interest and Its Implication for Sustainability
- Lucrative Financial Activities and Their Close Relation to the Solvency of Society
- The Dual Nature of Money: Pecuniary Individualistic Perspectives Endanger Collectivistic Perspectives for Biophysical Sustainability
- Expanding Debt Trap and Reviving the Biophysical View on Wealth for a More Sustainable and Equitable Future: The Buddhist Perspective on a Decent Life
- Real Capital and Its Relation to Sustainability: The Dual Nature of Real Capital as Biophysical Wealth
- Sustainability and the Road to Sovereign Money
- Conclusion: Toward a Pathway of Responsible Development
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Reconsidering,Privileged Powers,Banks,Kozo Torasan Mayumi,Ansel Renner