Format:
1 online resource (235 pages)
Edition:
1st ed.
ISBN:
9780415313940
,
9781317833543
Content:
The Role of Money examines the mystery of money in its social aspect and illustrates what money now is, what is does and what it should do
Note:
Cover -- Half Title -- Title Page -- Copyright Page -- Original Title Page -- Table of Contents -- CHAPTER I. THE PHILOSOPHIC BACKGROUND- ERGOSOPHY -- The Objective -- The Monetary System Obsolete -- The Community Standpoint -- Social Importance of Energetics -- Energy Theory of Wealth -- Ergosophy -- Wealth and Calories -- Marxism Obsolete -- Relation between Peoples and Governments -- Physical Interpretation of History -- The Truth about " Materialism -- The Physical Origin of " Progress -- The Doctrine of Struggle -- Modern Wars and National Debts -- The Real Struggle -- The Taboo on Scientific Economics -- Wars and Revolutions result from Wealth -- The Monetary System impedes the Flow -- CHAPTER II. THE THEORY OF MONEY-VIRTUAL WEALTH -- What is Money? -- Barter and Barter-Currencies -- Paper Money -- Bank-Credit -- The Private Issue of Money -- Monetary Policy -- What gives Value to Money? -- Two Fundamental Monetary Principles -- Virtual Wealth -- The Community's Credit -- Credit money a Tax -- Backed " Money -- Money a Claim to what does not Exist -- The Price-Level -- Money from the Issuer's Standpoint -- Money not now a Tangible Token -- Changeover from Barter to Credit Money -- The False Step -- Why was it False ? -- The Profits of the Issue of Money -- Money Indestructible without Expropriation -- CHAPTER III. THE EVOLUTION OF MODERN MONEY -- The Origin of the Cheque -- Government Regulation of Banking -- Lending Cheque books -- Genuine and Fictitious Loans -- Current Account Deposits -- Why Cheque Money is preferred to Tokens -- The Gold-Standard -- The Correct Procedure -- The Credit or Trade Cycle -- How the Losses are Distributed -- Fraudulent Monetary Terminology -- The Gold Drain -- The Government's Connivance -- The Cunliffe Committee -- Deflation -- The Abortive Return to Gold -- True-blue Treason -- The 1928 Act
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The Price Index determines the Quantity of Money -- The Wasteful Costs of Distribution -- The Rôle of Money summarized. -- CHAPTER VII. DEBTS AND DEBT REDEMPTION -- An Age of Power rather than of Machines -- Money Unrepayable-National Debt -- Capital Debts Unrepayable-" Saving " Conventional -- Necessity of Constant Price index -- How the Workers Would Benefit -- Regulation of Money by Price index -- A simple Price index -- The Statistical Bureau -- A Reconstituted Mint -- Criticism of Proposals to Nationalize Banking -- Prevention Better than Cure -- Interest on Debts -- If Increment looking Forward, then Decrement looking Backward -- Paterson's Interest Law Discounting the Principal -- Gesell's Ideas of Making Money Itself Depreciate -- Objections -- The Possibility of Arbitrarily Lowering Interest Rates -- The Probable Effect in Increasing Capital Indebtedness -- Straightforward Debt Redemption by Taxation -- CHAPTER VIII. THE PRACTICAL SITUATION -- Is the New or the Old Economics Upside-down ? -- Abundance First, Apportionment Second -- The Attitude of the Public towards Costs -- Government Interference in Economics not Helpful -- A Progressive Evolution of Industry -- Monetary Reform First -- The Existing System on the Horns of a DiIemma -- The Economic Necessity of Frontiers -- Free Exchanges mean Free Trade -- Compromise hardly Feasible -- CHAPTER IX. HONESTY IS THE BEST MONETARY POLICY -- The Signs of a New Truth -- Monetary Reform Begins at Home-The U.S.A. Plan -- Synopsis of the Principles of Reform -- Free the Exchanges -- The Real Universal Dictatorship -- Reculer pour mieux sauter -- Which is Lawful, to Create Money or Wealth ? -- The British Way -- The Real Antagonist -- Envoi -- BIBLIOGRAPHY
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What is Genuine Money To-day? -- CHAPTER IV. MONEY AS IT NOW IS -- Monetary Illusions -- A Distinction without a Difference -- The Vested Interest in Creating Money -- Open Market Operations -- Cash ! -- Banks now Create Money for Themselves to Spend -- The Banker as Tax-gatherer -- The Sprat to catch a Mackerel -- Banks give no Security Whatever -- The Time-element of Money -- The Circulation of Money -- The Value of Money or Price-level -- Some Monetary Factors -- A Grain Currency -- Economizing in the Use of Money now Fallacious -- Money Tokens or Book Credit? -- Should Money-lending now be Permitted ? -- Physical Absurdity of Short-term Lending -- Current Accounts and Time-deposits -- How the Banker avoids His Own Trap -- CHAPTER V. INTERNATIONAL ECONOMIC RELATIONS -- Bad Money Embroils the Nations -- International Banking -- Money at Call and Short Notice -- How the International Banker rules the World -- Money is National not International Debt -- Importers pay Exporters of their Own Nation -- The Balance of Trade -- Effect of Loans and Repayments -- The Foreign Exchanges -- Gold-Standard drags all Nations down to Level of Lowest -- Effect of freeing Foreign Exchanges -- Correct Use of Gold -- CHAPTER VI. PHYSICAL REQUIREMENTS OF A MONEY SYSTEM -- Money in the New Economics -- There is now no Shortage of Wealth -- Motive -- The Existing Wealth -- Consumption for Production and for Leisure -- Consumable and Capital Wealth -- Capital Debts not Repayable -- Energy Considerations -- Productive Capital not Distributable -- Capital under Communism and Individualism -- All Costs of Production are Distributed to Consumers -- Production for Consumers -- Production for Producers -- The Accumulation of Debts -- Solution of the Un-employment Problem -- Cost of Increasing Production not Repayable -- The Quantity of Money cannot be Calculated
Additional Edition:
Print version Soddy, Frederick The Role of Money Oxford : Taylor & Francis Group,c2003 ISBN 9780415313940
Language:
English
Keywords:
Electronic books
URL:
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