:

product description page

Ownership Economics : On the Foundations of Interest, Money, Markets, Business Cycles and Economic

Ownership Economics : On the Foundations of Interest, Money, Markets, Business Cycles and Economic - image 1 of 1

About this item

This book presents the first full-length explanation in English of Heinsohn and Steiger's groundbreaking theory of money and interest, which emphasizes the role played by private property rights.

Ownership economics gives an alternative explanation of money and interest, proposing that operations enabled by property lead to interest and money, rather than exchange of goods. Like any other approach, it has to answer economic theory's core question: what is the loss that has to be compensated by interest?

Ownership economics accepts neither a temporary loss of goods, as in neoclassical economics, nor Keynes's temporary loss of already existing, exogenous money as the cause of interest. Rather, money is created as a non-physical title to property in a credit contract secured by a debtor's collateral and the creditor's net worth.

This book is an edited English translation of a highly successful German text, and offers the first book-length treatment of a theory which has received much interest since its first appearance in articles in the late 1970s.

Edition: Reprint
Number of Pages: 224
Genre: Business + Money Management
Format: Paperback
Publisher: Taylor & Francis
Author: Gunnar Heinsohn
Language: English
Street Date: December 12, 2016
TCIN: 51558914
UPC: 9781138241282
Item Number (DPCI): 248-24-6275
If the item details above aren’t accurate or complete, we want to know about it. Report incorrect product info.

Guest reviews

Prices, promotions, styles and availability may vary by store & online. See our price match guarantee. See how a store is chosen for you.