The politics of money : towards sustainability and economic democracy /
Hutchinson, Frances, 1941-
The politics of money : towards sustainability and economic democracy / Frances Hutchinson, Mary Mellor and Wendy Olsen. - London ; Sterling, Va. : Pluto, 2002. - viii, 248 p. : ill. ; 23 cm.
Includes bibliographical references (p. 230-241) and index.
1. The money society : Money and society -- Globalisation and finance -- The limits of money -- Money and economics -- Vogon economic theory -- Wider solutions for specific problems -- Mapping a way forward -- Outline of the book. 2. Why is there no alternative? : Economics as normal science -- Classical and neo-classical schools of economic thought -- Basic assumptions of orthodox economics -- The abstraction of economic systems -- The role of money in the circular flow -- The elimination of time in the circular flow model -- Capital's non-existence in the circular flow -- Alternatives and variants -- The flawed logic of orthodox approaches -- The problem of growth -- Chrematistics or oikonomics? Production or provisioning? -- There is an alternative. 3. Money, banking and credit: Money in history -- Does money have a natural value? Origins of banking and credit -- John Law and banking as money creation -- The evolution of the debt-based money economy -- Money as debt/credit -- Credit and the velocity of money -- How banks multiply money -- Fractional reserve banking -- The evolution of the money creation process. 4. Capitalism - the elimination of alternatives: Characteristics of capitalism -- Property as enclosure -- Enclosing knowledge and skills -- The capitalist market -- Marx, money and value -- The political construction of the capitalist market -- Enforcing the free market on a global scale -- Challenging the market. 5. Marx, Veblen and the critique of the money/market system: Marx's legacy -- Thorstein Veblen's institutional perspective -- Class, work and waged labour -- Work as transformation. 6. Guild socialism and social credit: From labourism to social credit -- The origins of social credit -- Douglas and social credit -- The Draft Mining Scheme -- The case for socialisation of credit -- Douglas' A+B theorem and the flawed circular flow model. 7. Institutional critiques of capitalist finance: The credit basis of capitalism -- The headquarters of the capitalist system -- National dividend -- Reclaiming the common cultural inheritance -- The utility of work versus the disutility of labour -- Personal income and the utility of labour -- Sufficiency and economic democracy. 8. New critiques: green economics and feminist economics: Ecology and economics -- Environmental or ecological economics? -- Ecology and food provisioning: from soil cultivation to soil mining -- Socially responsible finance -- Women and economics: the marginalisation of women -- Rethinking the economy. 9. New ways of thinking about money and income: Local currency and exchange systems -- Local money -- Mutual credit systems -- LETS schemes -- Basic (or citizen's) income -- Producer banks - the example of Mondragon -- Sufficiency and financial independence -- Jubilee 2000 -- Micro-credit -- Linking practice with theory. 10. Towards sustainability and economic democracy: Money as a social phenomenon -- Monetary reform -- From waged labour to social credit -- Sufficiency and subsistence -- The good ship TINA -- A new vision.
0745317219 0745317200 (pbk.)
2003272672
GBA2-V0863
Monetary policy.
Capitalism.
Money.
HG220.A2 / H88 2002
332.46
The politics of money : towards sustainability and economic democracy / Frances Hutchinson, Mary Mellor and Wendy Olsen. - London ; Sterling, Va. : Pluto, 2002. - viii, 248 p. : ill. ; 23 cm.
Includes bibliographical references (p. 230-241) and index.
1. The money society : Money and society -- Globalisation and finance -- The limits of money -- Money and economics -- Vogon economic theory -- Wider solutions for specific problems -- Mapping a way forward -- Outline of the book. 2. Why is there no alternative? : Economics as normal science -- Classical and neo-classical schools of economic thought -- Basic assumptions of orthodox economics -- The abstraction of economic systems -- The role of money in the circular flow -- The elimination of time in the circular flow model -- Capital's non-existence in the circular flow -- Alternatives and variants -- The flawed logic of orthodox approaches -- The problem of growth -- Chrematistics or oikonomics? Production or provisioning? -- There is an alternative. 3. Money, banking and credit: Money in history -- Does money have a natural value? Origins of banking and credit -- John Law and banking as money creation -- The evolution of the debt-based money economy -- Money as debt/credit -- Credit and the velocity of money -- How banks multiply money -- Fractional reserve banking -- The evolution of the money creation process. 4. Capitalism - the elimination of alternatives: Characteristics of capitalism -- Property as enclosure -- Enclosing knowledge and skills -- The capitalist market -- Marx, money and value -- The political construction of the capitalist market -- Enforcing the free market on a global scale -- Challenging the market. 5. Marx, Veblen and the critique of the money/market system: Marx's legacy -- Thorstein Veblen's institutional perspective -- Class, work and waged labour -- Work as transformation. 6. Guild socialism and social credit: From labourism to social credit -- The origins of social credit -- Douglas and social credit -- The Draft Mining Scheme -- The case for socialisation of credit -- Douglas' A+B theorem and the flawed circular flow model. 7. Institutional critiques of capitalist finance: The credit basis of capitalism -- The headquarters of the capitalist system -- National dividend -- Reclaiming the common cultural inheritance -- The utility of work versus the disutility of labour -- Personal income and the utility of labour -- Sufficiency and economic democracy. 8. New critiques: green economics and feminist economics: Ecology and economics -- Environmental or ecological economics? -- Ecology and food provisioning: from soil cultivation to soil mining -- Socially responsible finance -- Women and economics: the marginalisation of women -- Rethinking the economy. 9. New ways of thinking about money and income: Local currency and exchange systems -- Local money -- Mutual credit systems -- LETS schemes -- Basic (or citizen's) income -- Producer banks - the example of Mondragon -- Sufficiency and financial independence -- Jubilee 2000 -- Micro-credit -- Linking practice with theory. 10. Towards sustainability and economic democracy: Money as a social phenomenon -- Monetary reform -- From waged labour to social credit -- Sufficiency and subsistence -- The good ship TINA -- A new vision.
0745317219 0745317200 (pbk.)
2003272672
GBA2-V0863
Monetary policy.
Capitalism.
Money.
HG220.A2 / H88 2002
332.46