Introduction -- Part I: Modern money. What money is based on--viz., "nothing" ; Spending from nothing ; Promising from nothing ; Democracy's dollar -- Part II: The money contract. A very (very) brief history of finance--i.e., civilization ; Why money cannot be printed ; What we owe each other --...

Chapter 1.Introduction: Money, Finance, & Production in Contemporary Commercial Republics -- Chapter 2.Money, Capital, & Investment: Fixing Some Critical Terms & Relations -- Chapter 3.Franchise Finance: A Brief Exposition & Exposé -- Chapter 4.Franchise Finance: Why & How We Got Here --...

Climate scientists have determined that we must act now to prevent an irreversible and catastrophic climatic tipping point, beyond which neither our own nor many other species can be assumed likely to survive. On the way to that bleak ending, moreover, extreme socio-economic injustice and...

This essay, an abbreviated rendition of the author's What Kinds of Stock-Ownership Plans Should There Be?, considers the prospects for generalizing the familiar Employee Stock-Ownership Plan - or 'ESOP' - in a manner that affords ownership stakes in firms to more people than currently hold this...

In the view of many analysts, the best way to assist “underwater” homeowners — those who owe more on their mortgages than their houses are worth — is to reduce the principal on their home loans. Yet in the case of privately securitized mortgages, such write-downs are almost impossible to...

One way or another, the European Monetary Union (EMU) is apt to endure. The prospect of continuation under the precise contours of the regime as we presently find it, however, is anything but certain. Hence many investors and other actual or prospective contract parties are likely to remain...

Respected real estate analysts now forecast that the U.S. is poised to experience a renewed round of home mortgage foreclosures over the coming 6 years. Up to 11 million underwater mortgages will be affected. Neither our families, our neighborhoods, nor our state and national economies can bear...