Share
Ownership Economics: On the Foundations of Interest, Money, Markets, Business Cycles and Economic Development
Gunnar Heinsohn
(Author)
·
Otto Steiger
(Author)
·
Routledge
· Paperback
Ownership Economics: On the Foundations of Interest, Money, Markets, Business Cycles and Economic Development - Heinsohn, Gunnar ; Decker, Frank ; Steiger, Otto
£ 48.59
£ 53.99
You save: £ 5.40
Choose the list to add your product or create one New List
✓ Product added successfully to the Wishlist.
Go to My WishlistsIt will be shipped from our warehouse between
Monday, June 03 and
Thursday, June 06.
You will receive it anywhere in United Kingdom between 1 and 3 business days after shipment.
Synopsis "Ownership Economics: On the Foundations of Interest, Money, Markets, Business Cycles and Economic Development"
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.