Reconsidering the privileged powers of banks : foundations of sovereign money, wealth and real capital for sustainability / Kozo Torasan Mayumi, Ansel Renner.
Mayumi, Kozo Torasan, author.; Renner, Ansel, author.
2023
HG1601 .M39 2023
Available Online

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Title
Reconsidering the privileged powers of banks : foundations of sovereign money, wealth and real capital for sustainability / Kozo Torasan Mayumi, Ansel Renner.
Author
Mayumi, Kozo Torasan, author.
ISBN
9789819960583 (electronic bk.)
9819960584 (electronic bk.)
9789819960576
9819960576
DOI
https://doi.org/10.1007/978-981-99-6058-3
Published
Singapore : Palgrave Macmillan, 2023.
Language
English
Description
1 online resource (xxi, 221 pages) : illustrations (some color)
Item Number
10.1007/978-981-99-6058-3 doi
Call Number
HG1601 .M39 2023
Dewey Decimal Classification
332.1
Summary
This book reconsiders the privileged powers commercial banks hold, i.e., their ability to create money out of nothing and then have that money grow with a positive interest rate. Said powers defy the first and second laws of thermodynamics. The necessity of understanding the dual natures of money, wealth, and real capital, or, put differently, the reality that these three entities are simultaneously individual affluence and collective biophysical debt, is emphasized. The book culminates by proposing new foundations of money, wealth, and real capital for sustainability. Kozo Torasan Mayumi, the last student of Georgescu-Roegen, works at the Kyoto College of Graduate Studies for Informatics. Ansel Renner works at the Autonomous University of Barcelona and independently contracts on bioeconomics.
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (SpringerLink, viewed October 30, 2023).
Added Author
Renner, Ansel, author.
Available in Other Form
Print version: 9789819960576
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Chapter 1: Introduction
Chapter 2: The First Unnatural Power Given to Commercial Banks: Creation of Money Out of Nothing
Chapter 3: The Second Unnatural Power Given to Commercial Banks: The Origin of Money Interest and Its Implication for Sustainability
Chapter 4: Lucrative Financial Activities and Their Close Relation to the Solvency of Society
Chapter 5: The Dual Nature of Money: Pecuniary Individualistic Perspectives Endanger Collectivistic Perspectives for Biophysical Sustainability
Chapter 6: Expanding Debt Trap and Reviving the Biophysical View on Wealth for a More Sustainable and Equitable Future: The Buddhist Perspective on a Decent Life
Chapter 7: Real Capital and its Relation to Sustainability: The Dual Nature of Real Capital as Biophysical Wealth
Chapter 8: Sustainability and the Road to Sovereign Money
Chapter 9: Conclusion: Toward a Pathway of Responsible Development.

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