Frank Decker provides an introduction to the vast work of Gunnar Heinsohn and Otto Steiger in this first English edition. Ownership Economics (Eigentumsökonomik) is a condensed version of Heinsohn and Steiger's Ownership, Interest and Money: Unresolved Mysteries in Economic Theory (Eigentum,...

The challenge of rendering monetary exchange intelligible within a Walrasian general equilibrium framework is well known. Perhaps less well known is the difficulty of integrating monetary and exchange economies in decentralized conceptions of equilibrium, of which the evenly rotating economy of...