Geldtheorie - The Gang of 8

verfasst von Popeye, 25.09.2002, 15:48

-->Wer an geldtheoretischen Fragen Interesse hat, dem sei dieser Link der
Gang of 8, die sich unter dem Dach des Institute for Creditary Economics <a href=http://Creditary-Economics.org/>Hompage</a> zusammengetan haben, empfohlen.
Bitte beachten, dass der erste Link (Gang of 8) nur mit der Einstellung ‚Cookies akzeptieren' zugänglich ist.


Die Artikel der folgenden Autoren seien besonders empfohlen (jeweils Autor anklicken, dann Artikel wählen):

Gardiner
Gardiner,Principles_of_Creditary_Economics
Hudson
Hudson,M,0002The Early Evolution of Interest-Bearing Debt.DOC
Hudson,M,0010,Reconstructing the Origins.DOC
Wichtig> Hudson,M,0003,The_Cartalist-Monetarist_Debate_in_Historical.doc
Hudson,M,0011,The Role of Accounting in Civ.DOC
Hudson,M,Was_the_Jubilee_Year_Utopian_or_Practical_Policy.doc
Meakin
Meakin,_Principles_of_Creditary_Economics_Definitive_Credec.doc
Wray
WRAY9903_WHAT_IS_MONEY_AND_WHERE_DID_IT_COME_FROM.doc

Auch die Diskussionsgruppe (zugänglich von der Hompage) bietet interessantes Material.

Hier noch zur Einstimmung das Credo des Institute for Creditary Economics:
Statement on Creditary Principles
for the

ICE - Institute for Creditary Economics


"... practically and analytically a credit theory of money is possibly
preferable to a monetary theory of credit."
Joseph A. Schumpeter, History of Economic Analysis (1954:717)


1. The differentiation of human labour made a credit system essential for the free exchange of
goods and services. A direct barter system was inadequate for the fullest possible development
of the potential of human industry.

2. The most potent form of credit was trade credit advanced by one supplier in the chain of
production to the next in line.

3. The debts created by the granting of trade credit are monetised, that is they become a means
of exchange. The bill of exchange in all its forms has throughout human history and pre-history
been the way of achieving this object, converting a trade debt into a negotiable instrument which
is usable as money.

4. All money is debt, but not all debt is money, though all debts have the capability of becoming
money, a means of exchange, by being made assignable.

5. Money therefore consists of assignable debts, whether it is being used as a medium of
exchange or as store of claims on value.

6. Money is therefore created by the granting and drawing down of loans.

7. When a bank allows a loan to be drawn down, at the same time the credit balance to finance
the loan is automatically created somewhere in the banking system.

8. Savings are retained financial assets, though the period of retention may be brief or long. As
all financial assets are forms of credit/debt, savings automatically come into existence when a
new loan is drawn down.

9. One of the purposes for which a loan may be granted is real investment, that is the creation of
new productive assets. It follows that the savings to finance real investment must be created
automatically by the spending of a loan to create a new productive asset.

10. Savings = borrowings (The definition of borrowing in this context includes equity finance).

11. The encouragement of saving automatically encourages an equal amount of borrowing.
There is no reason at all why the borrowing should be solely for the purpose of real investment.
Among the many assets it may finance are debtors, work in progress, stocks, or consumer credit.

12. The only way to promote real investment is to create a favourable environment for it.




Viel Spaß!
Popeye

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gesamter Thread:

• Geldtheorie - The Gang of 8 - Popeye, 25.09.2002, 15:48
  • Re: Geldtheorie - The Gang of 8 / Wahnsinn, was du immer findest oT - --- ELLI ---, 25.09.2002, 20:49
  • Re: Geldtheorie - The Gang of 8 - dottore, 26.09.2002, 15:14
    • Re: Geldtheorie - The Gang of 8 - Popeye, 26.09.2002, 16:46
      • Re: Es kommt auf den zedierbaren Titel an, nicht auf den Kredit allein - dottore, 27.09.2002, 10:23
        • Re: Es kommt auf den zedierbaren Titel an, nicht auf den Kredit allein - Popeye, 27.09.2002, 12:40
    • Re: Geldtheorie - The Gang of 8 - R.Deutsch, 26.09.2002, 18:31
      • Re: Geldtheorie - The Gang of 8 - dottore, 27.09.2002, 09:53