Overview

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.

Full Product Details

Author:   Kozo Torasan Mayumi ,  Ansel Renner
Publisher:   Springer Verlag, Singapore
Imprint:   Springer Verlag, Singapore
Edition:   1st ed. 2023
Weight:   0.447kg
ISBN:  

9789819960576

ISBN 10:   9819960576
Pages:   221
Publication Date:   27 October 2023
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Chapter 1:           IntroductionChapter 2:           The First Unnatural Power Given to Commercial Banks: Creation of Money Out of Nothing Chapter 3:           The Second Unnatural Power Given to Commercial Banks: The Origin of Money Interest and Its Implication for Sustainability Chapter 4:           Lucrative Financial Activities and Their Close Relation to the Solvency of Society Chapter 5:           The Dual Nature of Money: Pecuniary Individualistic Perspectives Endanger Collectivistic Perspectives for Biophysical Sustainability Chapter 6:           Expanding Debt Trap and Reviving the Biophysical View on Wealth for a More Sustainable and Equitable Future: The Buddhist Perspective on a Decent Life Chapter 7:           Real Capital and its Relation to Sustainability: The Dual Nature of Real Capital as Biophysical Wealth Chapter 8:           Sustainability and the Road to Sovereign Money Chapter 9:           Conclusion: Toward a Pathway of Responsible Development

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Author Information

Kozo Torasan Mayumi graduated from the Graduate School of Engineering at the Department of Applied Mathematics and Physics of Kyoto University. Between 1984 and 1988, he studied bioeconomics at the Department of Economics of Vanderbilt University under Prof. Nicholas Georgescu-Roegen’s supervision. Mayumi has been working in the field of energy analysis, ecological economics and complexity/hierarchy theory. Having retired from Tokushima University, he now works at the Kyoto College of Graduate Studies for Informatics. Ansel Renner graduated from the Department of Geography and School of Environment of McGill University and the Institute of Environmental Science and Technology of the Autonomous University of Barcelona. As an academic researcher at the latter-mentioned institute, also as an independent contractor, Renner has been working on accounting methodology for processes of informed deliberation on the science-policy interface in relation to systemic issues of sustainability.

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