Ownership economics : on the foundations of interest, money, markets, business cycles and economic development

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.

Alternative title
Eigentum, Zins und Geld
Location
Deutsche Nationalbibliothek Frankfurt am Main
ISBN
9780415645461
0415645468
Dimensions
24 cm
Extent
xxvii, 192 Seiten
Language
Englisch

Bibliographic citation
Routledge frontiers of political economy ; 168

Keyword
Wirtschaftstheorie
Eigentum

Event
Veröffentlichung
(where)
London
(who)
Routledge
(when)
[2013]
Creator
Heinsohn, Gunnar
Steiger, Otto

Table of contents
Rights
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Last update
11.06.2025, 1:45 PM CEST

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Associated

Time of origin

  • [2013]

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