LEADER 12655nam 2200673 a 450 001 9910816215803321 005 20240417021850.0 010 $a1-84964-110-2 035 $a(CKB)1000000000802689 035 $a(StDuBDS)AH22933409 035 $a(SSID)ssj0000425661 035 $a(PQKBManifestationID)11264022 035 $a(PQKBTitleCode)TC0000425661 035 $a(PQKBWorkID)10372531 035 $a(PQKB)11520777 035 $a(MiAaPQ)EBC3386477 035 $a(Au-PeEL)EBL3386477 035 $a(CaPaEBR)ebr10480089 035 $a(CaONFJC)MIL987815 035 $a(OCoLC)654106252 035 $a(EXLCZ)991000000000802689 100 $a20030728d2002 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe politics of money $etowards sustainability and economic democracy /$fFrances Hutchinson, Mary Mellor and Wendy Olsen 205 $a1st ed. 210 $aLondon ;$aSterling, Va. $cPluto$d2002 215 $a1 online resource (256 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-7453-1720-0 311 $a0-7453-1721-9 320 $aIncludes bibliographical references (p. 230-241) and index. 327 $aIntro -- Contents -- Preface -- 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. 327 $aThe 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 -- Re-visioning cash purchases as social relations -- 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 -- Bibliography -- Index -- Adams, John -- 13 -- 165 -- agribusiness -- 95 -6 -- 171 -- agriculture -- 7 -8 -- 167 -9 -- anti-globalisation movement -- 24 -- 70 -- 77 -- 95 -- 210 -- anti-trust laws 92 -3 -- Argentina -- 9 -- 54 -- 191 -- Aristotle -- 42 -- 49 -- 61 -- 86 -- 111 -- Arizmediarrietta, José Maria -- 131 -- 195 -6 -- Athanasiou, Tom 159 -60 -- Bangaladesh -- 119 -- 202 -3 -- Bank of England -- 56 -- 64 -- banks/banking -- 55 -7 -- 63 -8 -- 143 -- 145 -6 -- 209 -- 215 -- 216 -17 -- ethical 172 -3 -- Barataria initiatives 188 -9. 327 $abarter -- 11 -- 31 -- 32 -- 33 -- 82 -- 85 -- basic income -- 162 -- 192 -5 -- 221 -- Basic Income European Network [BIEN] 192 -- Belloc, Hilaire 127 -- Bennholdt-Thomsen, Veronika -- 77 -8 -- 223 -- 224 -- Bentham, Jeremy 26 -- Berry, Thomas 197 -- Bhaduri, Amit 117 -- Blair, Tony 2 -3 -- bookkeeping money 65 -6 -- Booth, David -- 160 -- 163 -- 164 -- Brennan, Teresa 165 -- Brohman, John 182 -- Buchan, James -- 15 -- 49 -- 50 -- 52 -- 56 -7 -- 58 -- 59 -60 -- Cahn, Edgar 186 -- capital -- 34 -5 -- 179 -- 181 -- finance 111 -13 -- finance 144 -5 -- finance 178 -- finance 179 -- finance 205 -- social 9 -- social 177 -8 -- social 219 -- capitalism -- 71 -2 -- 81 -4 -- 90 -4 -- 107 -9 -- 142 -6 -- alternatives to 17 -- alternatives to 71 -4 -- alternatives to 97 -- alternatives to 123 -41 -- alternatives to 208 -- alternatives to 220 -- alternatives to 222 -- alternatives to 226 -9 -- and democracy 18 -- and democracy 59 -60 -- and democracy 70 -- and democracy 107 -- and environmental accounting 163 -- and environmental accounting 166 -- control of means of production 14 -15 -- control of means of production 37 -- control of means of production 72 -3 -- control of means of production 84 -- control of means of production 96 -- control of means of production 98 -- Carchedi, Guglielmo 32 -- Carney, Diana 177 -8 -- Carson, Rachel -- 8 -- 158 -- Chesterton, G.K. 127 -- chrematistics -- 42 -3 -- 61 -- 111 -- circular flow model -- 11 -- 25 -6 -- 85 -- 142 -3 -- 218 -- 227 -- alternatives to 35 -9 -- and capital 34 -5 -- and capital 144 -- and Douglas' A+B theorem 128 -- and Douglas' A+B theorem 138 -41 -- and time 33 -4 -- role of money in 31 -3 -- role of money in 59 -- citizenship 2 -3 -- Clark, John Bates 112 -- class relations -- 114 -21 -- 221 -- Cobb, John B. Jr. 40 -1 -- Cole, G.D.H. -- 104 -- 128 -- 147 -- 149 -50. 327 $acommodity fetishism -- 82 -3 -- 181 -- commons -- 77 -80 -- 223 -- Community Supported Agriculture [CSA] 171 -2 -- consumerism -- 82 -3 -- 111 -- emulative 104 -- emulative 114 -15 -- emulative 121 -- emulative 135 -- green 158 -- Cooke, Bill 205 -6 -- corporations, and political power -- 70 -- 91 -- 92 -4 -- 95 -- 113 -- 166 -- credit -- 3 -5 -- 13 -- 55 -64 -- 67 -- 116 -- 142 -3 -- and prices 145 -6 -- real and financial 132 -4 -- socialisation of 134 -- crop rotation 168 -- cultural inheritance -- 80 -- 147 -9 -- 155 -- 181 -- 221 -- 222 -- Curitiba, Brazil 186 -- currency -- international 218 -- speculation 54 -5 -- Da Corta, Lucia 118 -- Daly, Herman -- 40 -1 -- 131 -- 158 -- 160 -- 161 -- 162 -3 -- debt cancellation 201 -2 -- debt-based economy -- 165 -6 -- 218 -- 222 -- 223 -- evolution of 60 -1 -- evolution of 67 -- democracy -- 18 -- 59 -60 -- 70 -- 107 -- development -- 8 -- 41 -- 135 -6 -- 158 -60 -- 161 -- 166 -- 205 -- Diamond, Peter 23 -- distributism -- 127 -- 196 -- Dodd, Nigel 212 -- Dominguez, Joe 197 -200 -- Douglas, Clifford H. -- 97 -- 126 -30 -- 134 -7 -- 147 -- 149 -- 151 -- 153 -4 -- 158 -- 221 -2 -- A+B theorem 138 -41 -- A+B theorem 214 -- and producer/consumer banks 194 -- and producer/consumer banks 195 -- Douthwaite, Richard -- 172 -- 185 -- 186 -- 187 -- 214 -15 -- 218 -- 221 -- Dow, Sheila 22 -3 -- Draft Mining Scheme -- 128 -- 129 -- 130 -4 -- 137 -- 155 -- 156 -- 196 -- Dugger, William 93 -4 -- ebcu [energy-backed currency units] 218 -- eco-taxes -- 162 -- 164 -- 193 -- ecological economics -- 2 -- 15 -- 22 -- 156 -- 157 -73 -- 223 -4 -- ecological sustainability -- 1 -- 95 -- 137 -- 155 -- 165 -- 208 -- 209 -- 219 -- 222 -3 -- economic democracy -- 1 -2 -- 72 -- 95 -- 97 -- 150 -- 208 -- 209 -- 219 -- and social credit 125 -- and social credit 128 -- and social credit 146 -- and social credit 155. 327 $aand social credit 194 -5 -- control over means of subsistence 73 -- control over means of subsistence 98 -9 -- control over means of subsistence 225 -6 -- economics -- abstracted model 30 -1 -- abstracted model 43 -- and reality 44 -6 -- and social sciences 209 -10 -- as natural system 22 -- as natural system 23 -- as natural system 25 -- as natural system 54 -- as natural system 88 -- as natural system 99 -- as natural system 211 -- classical school 23 -- classical school 25 -6 -- equilibrium 12 -13 -- equilibrium 26 -- equilibrium 27 -- equilibrium 28 -9 -- equilibrium 32 -- equilibrium 36 -- linear theorising 16 -17 -- methodological individualism 29 -30 -- methodological individualism 39 -- orthodoxy 21 -30 -- orthodoxy 39 -43 -- rethinking 178 -83 -- scientific study of 211 -12 -- Ehrlich, Paul 158 -- Ekins, Paul -- 43 -- 163 -- Elgin, Duane 197 -- enclosure -- 73 -- 74 -80 -- Engels, Friedrich 106 -- Ethical Investment & -- Research Information Service [EIRIS] 172 -- export credit schemes -- 134 -- 136 -- Fabians/Fabianism -- 102 -- 124 -- 125 -- 126 -7 -- 154 -- 220 -- Farmers' Markets 172 -- Feiner, Susan 45 -- feminist economics -- 2 -- 15 -- 22 -- 30 -- 42 -- 45 -- 156 -- 173 -8 -- financial independence [FI] 197 -200 -- Fine, Ben -- 9 -- 219 -- Fisher, Irving 185 -- food -- locally produced 170 -2 -- mass production 169 -- processing 154 -- security 7 -8 -- Foucault, Michel 210 -- Foville, A. de 50 -- fractional reserve banking -- 64 -6 -- 67 -- 222 -- Frank, Thomas 70 -- free market -- 24 -- 90 -- 91 -- 94 -6 -- freedom -- 15 -- 17 -18 -- 25 -- 59 -- 96 -- 212 -- 225 -6 -- Freeman, Alan -- 32 -- 36 -7 -- 82 -- 83 -4 -- 85 -- Friedman, Milton 27 -- Friedmann, Harriett 167 -8 -- Funtowicz, Silvio 165 -- Galbraith, John K. -- 22 -- 63 -- garden economics 170. 327 $aGeneral Agreement on Tariffs and Trade [GATT]. 330 $bOn the whole, classical and radical economists have marginalised the role of money, most particularly the role of credit, in driving the machinery of accumulation and exclusion. Although critiques of capitalism from Marxist, feminist, ecological and many other perspectives abound, The Politics of Money is unique in gathering the strengths of these differing critiques into a coherent whole. The authors have drawn upon their varied expertise in economics and the social sciences to produce the foundations of a new political economy that will enable communities to reconstruct their socio-economic fabric through social and political control of money systems. The book opens with a review of the role of money in current society, an overview of the history of money creation and a critique of the main theoretical developments in economic thought. Alternative perspectives on money are then presented through a review of a number of radical perspectives but focusing mainly on the work of Marx, Veblen and the social credit perspective of Douglas and the guild socialists. In the final part of the book contemporary monetary theories and experiments are analysed within the theoretical and historical perspectives provided in the earlier chapters. The main argument of the book is that it is necessary to understand the crucial role of finance in driving the 'free market' economy if a democratic and sustainable economy is to be achieved. 606 $aMonetary policy 606 $aCapitalism 606 $aMoney 615 0$aMonetary policy. 615 0$aCapitalism. 615 0$aMoney. 676 $a332.46 700 $aHutchinson$b Frances$f1941-$0265710 701 $aMellor$b Mary$0879034 701 $aOlsen$b Wendy Kay$01097764 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910816215803321 996 $aThe politics of money$93986123 997 $aUNINA