Corporate and Social Transformation of Money and Banking Breaking the Serfdom

by Mouatt, Simon; Adams, Carl

• ISBN13: 9780230275942
• ISBN10: 023027594X
• Format: Hardcover
• Copyright: 2010-12-15
• Publisher: Palgrave Macmillan

Summary

As the real economy is increasingly digitalized, banking lags behind. It is thus not well placed to support the new economy. The book provides some perspective on the changes taking place, identifying the systemic weaknesses in the traditional financial infrastructure, and proposing some radical rethinking to address systemic financial instability.

Author Biography

Simon Mouatt is Senior Lecturer in Economics at Southampton Solent University, UK. His research focuses on the erosion of state (financial) sovereignty, and general transformation of the capitalist credit system, from a Marxian Perspective. He is interested in all aspects of monetary theory, and the functioning of capitalist financial relations. Carl Adams is Principal Lecturer in the School of Computing at the University of Portsmouth, UK. His research focuses on electronic money systems, mobile information, innovation cycles, open-source software and the input of new technology on society.

Table of Contents

Introduction; C.Adams & S.Mouatt
PART ONE: THEORY
Monetary Monopoly as Structural Cause for Systemic Financial Instability?; B.Lietaer
Marx’s Big Idea; N.Potts
When is a Financial Crisis not a Financial Crisis?; N.Potts
The Dissolution of the Financial State; S.Mouatt
The Corporate Subjugation of Money and Banking; S.Mouatt
PART TWO: THE EVIDENCE
The Emergence of Non-Banks: E-Commerce Driven Competition in the Financial Sector; C.Adams
Changing Payment Systems; C.Adams
Ascendant Corporate Monies: Electronic Money in an Electronic World; C.Adams
Complementary Currencies at Work; B.Lietaer
PART THREE: THE FUTURE
Towards an Ecology of Complementary Currencies; B.Lietaer
The State-Issue of Currency without Usury; P.Challen, S.Mouatt & R.Shakespeare
The Future: Competition from the Technology Arena; C.Adams
A Complementary and Competitive Monetary System for the Future?; C.Adams & S.Mouatt