Titlebook: Reconsidering the Privileged Powers of Banks; Foundations of Sover Kozo Torasan Mayumi,Ansel Renner Book 2023 The Editor(s) (if applicable)

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N斯巴达人

Book 2023 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 affl

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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..978-981-99-6060-6978-981-99-6058-3

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PLIC

The Second Unnatural Power Given to Commercial Banks: The Origin of Money Interest and Its Implicathe nonsensical nature of the practice and the inequitable implications for future generations. The chapter further details several of Soddy’s and Georgescu-Roegen’s contributions to bioeconomics, underscoring their relevance for understanding the interplay between monetary dynamics and biophysical sustainability.

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Lucrative Financial Activities and Their Close Relation to the Solvency of Society,ter describes societal paradoxes stemming from the two unnatural powers given to commercial banks, emphasizing the iron grip the banking sector has on money supply and consequent solvency challenges. It suggests an urgent need for a well-through-out sovereign money system designed to mitigate the several financial burdens felt by modernity.

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