Introduction. -- Part I. Money and the market. -- The difference between markets and barter: money and the making of markets. -- Capital and the firm : the firm as the engine of the market process. -- Money and money creation in a two-stage banking system. -- Part II. Market and production. --...

Preface to the German Edition -- Preface to the English Edition -- Introduction -- Part I: Money and the Market -- Part II: Market and Production -- Part III: Money and Production in the Dynamics of the Growth Spiral - Growth Imperative and Growth Impetus -- Summary and Outlook -- References

We study how income inequality affects the social value of a dynamic public good, such as natural capital. Our theory shows that both intra- and intertemporal inequality affect the social value of public natural capital. The direction and size of the effects are driven by the degree of...