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Reconsidering The Privileged Powers Of Banks Kozo Torasan Mayumi

  • SKU: BELL-53328934
Reconsidering The Privileged Powers Of Banks Kozo Torasan Mayumi
$ 31.00 $ 45.00 (-31%)

4.7

76 reviews

Reconsidering The Privileged Powers Of Banks Kozo Torasan Mayumi instant download after payment.

Publisher: Palgrave Macmillan
File Extension: PDF
File size: 5.62 MB
Pages: 242
Author: Kozo Torasan Mayumi, Ansel Renner
ISBN: 9789819960576, 9819960576
Language: English
Year: 2023

Product desciption

Reconsidering The Privileged Powers Of Banks Kozo Torasan Mayumi by Kozo Torasan Mayumi, Ansel Renner 9789819960576, 9819960576 instant download after payment.

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.

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