Die monetaristische Geldtheorie gesteht zwar dem Geld als „Luxusgut” einen eigenen Nutzen zu, gelangt aber erst durch eine kritische Synthese mit der keynesianischen Liquiditätstheorie des Zinses zu sinnvollen Ergebnissen. Sowohl Milton Friedmans Idee, das Wohlfahrtsoptimum durch eine...

Land conversion is often not carried out in a sustainable way. The loss of arable land and biodiversity, concern about food security and rising costs of infrastructure due to urban sprawl are just some of the problems under discussion. This paper compares Germany, China and Cambodia. The article...

A positive interest rate has many impacts on ecology. One of them is the pushing of economic growth. In the present economy, accumulation of capital is an end in itself. According to the “Golden Rule of Accumulation”, the extension rate of the capital stock is equal to the interest rate....

Most of the land reforms of recent decades have followed an approach of “formalization and capitalization” of individual land titles (de Soto 2000). However, within the privatization agenda, benefits of unimproved land (such as land rents and value capture) are reaped privately by...