Detlev S. Schlichter: Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown (2011)
Filed under book | Tags: · banking, economics, economy, finance, money
The case for the inevitable failure of a paper money economy and what that means for the future
All paper money systems in history have ended in failure. Either they collapsed in chaos, or society returned to commodity money before that could happen. Drawing upon novel new research, Paper Money Collapse conclusively illustrates why paper money systems—those based on an elastic and constantly expanding supply of money as opposed to a system of commodity money of essentially fixed supply—are inherently unstable and why they must lead to economic disintegration.
These highly controversial conclusions clash with the present consensus, which holds that elastic state money is superior to inflexible commodity money (such as a gold standard), and that expanding money is harmless or even beneficial for as long as inflation stays low. Contradicting this, Paper Money Collapse shows that:
– The present crisis is the unavoidable result of continuously expanding fiat money
– The current policy of accelerated money production to “stimulate” the economy is counterproductive and could lead to a complete collapse of the monetary system
– Why many in financial markets, in media, and in the policy establishment are unable (and often unwilling) to fully appreciate the underlying problems with elastic money.
This compelling new book looks at the breakdown of modern economic theory and the fallacy of mathematical models. It is an analysis of the current financial crisis and shows in very stark terms that the solutions presented by paper money-enthusiasts around the world are misguided and inherently flawed.
Foreword by Addison Wiggin
Publisher John Wiley & Sons, 2011
ISBN 1118095751, 9781118095751
240 pages
Amber Hickey (ed.): A Guidebook of Alternative Nows (2012)
Filed under book | Tags: · activism, art, capitalism, economics, economy, education, finance, financial crisis, occupy movement, social movements
A Guidebook of Alternative Nows is a collaboratively created book.
34 visionary creative thinkers and makers contributed to this book which illuminates ways of devising more socially, economically, and ecologically just versions of now.
Contributors: Alex Kemman (The Valreep Collective), Annie Sprinkle and Beth Stephens, Artist Bailout Collective, Billy Mark, Cheyenna Weber (SolidarityNYC), Antonio Scarponi (Conceptual Devices), Critical Art Ensemble, Ethan Miller, Fallen Fruit (David Burns, Matias Viegener, and Austin Young), Georg Hobmeier and Tommy Noonan, Howling Mob Society, Jeanne van Heeswijk, Jenny Cameron, Johannes Grenzfurthner (Monochrom), Marc Herbst and Christina Ulke (Journal of Aesthetics & Protest Editorial Collective), Justseeds Artists’ Cooperative, Ken Ehrlich and Kate Johnston, Llano Del Rio Collective, New Social Art School, Platform, Rori Knudtson (School of Critical Engagement), Santiago Cirugeda (Recetas Urbanas), Sasha Costanza-Chock, SPURSE, swearonourfriendship, T.J. Demos, Temporary Services, The Laboratory of Insurrectionary Imagination, Precarious Workers Brigade, The Vacuum Cleaner, The Yes Men, TradeSchool.coop, UrbanFarmers, Watts House Project.
Publisher The Journal of Aesthetics and Protest Press, 2012
ISBN 978-0-615-64972-6
266 pages
via An Chaosdroid
Real-World Economics Review, No. 1-59 (2000-2012)
Filed under journal | Tags: · economics, economy, finance, financial crisis, market, money, neuroeconomics, pluralist economics, plutonomy, political economy, post-autistic economics, society
“The movement for Post-Autistic Economics (PAE) was born through the work of Sorbonne economist Bernard Guerrien. The movement is best seen as a forum of different groups critical of the current mainstream: from behavioral and heterodox to feminist, green economics and econo-physics. Started in 2000 by a group of disaffected French economics students, Post-Autistic Economics first reached a wider audience in June 2000 after an interview in Le Monde.
It was supported by the Cambridge Ph.D. students in 2001 with the publication of ‘Opening Up Economics: A Proposal By Cambridge Students’, later signed by 797 economists.
PAE has challenged standard neoclassical assumptions and incorporated ideas from sociology and psychology into economic analysis. Specifically, the notions of utility theory, rational choice, production and efficiency theory (Pareto optimality), and game theory have been criticised.
Other topics include ‘Gross National Happiness’, realism vs. mathematical consistency, ‘Thermodynamics and Economics’, or ‘Irrelevance and Ideology’. Contributors include Bruce Caldwell, James K. Galbraith, Robert L. Heilbroner, Bernard Guerrien, Emmanuelle Benicourt, Ha-Joon Chang, Herman Daly and Richard D. Wolff.
In March 2008 the Post-Autistic Economics Review changed its name to the Real-World Economics Review.” (from Wikipedia)
Editor: Edward Fullbrook
Associate Editor: Jamie Morgan
Open-access journal
ISSN 1755-9472
wikipedia (Post-autistic economics)
authors (RWER blog)
publisher
PDF (Issue 59, March 2012)
PDF (Issue 58, December 2011)
PDF (PDF papers, all past issues)