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the law. Democratizing money will therefore ensure equal opportunity to the ownership of property, and thus full … capital via the creation of money. If the divergence between capital and labor-between rich and poor-is explained by the … monopoly access of capitalists to finance, then reducing this divergence is crucially dependent on the democratization of money …
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This paper explores the rise of money and class society in ancient Greece, drawing historical and theoretical parallels … metallist theories of money. It will be shown that the origins and the evolution of money were closely intertwined with the rise … and consolidation of class society and inequality. Money, class society, and inequality came into being simultaneously, so …
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The first attempt in the human history to consciously create money ended in a collapse in 1720, well-known as the money … mania. This unfortunate start raises doubt on money creation as a whole such that today there are still voices questioning … created money even though it is now indispensible for the world economy. But this misfortune also has the bright side in that …
Persistent link: https://www.econbiz.de/10011927951
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The current discussion about the future of the financial system draws heavily on a set of theories known as the ‘New Monetary Economics’. The New Monetary Economics predicts that deregulation and financial innovation will lead to a moneyless world. This paper uses a market microstructure...
Persistent link: https://www.econbiz.de/10010206380
's key variable, the quantity of money …
Persistent link: https://www.econbiz.de/10010191681
variant of the Freeman (1996) model of money and payments, we first analyze the problematic monetary situation in the …
Persistent link: https://www.econbiz.de/10003227206
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