Monday

The Money Key

This is an index to essays, reports, book reviews and news about money and land reform. Below the index are headlines with intros to main issues.

Philosophy of Money What is Money?/

Reflections on Karl Polanyi's 1943 book "Great Transformations"



21.04.2010 [Money]
Renaissance of Respublica
Dr Peter Bowman, tutor at School of Economic Science, and member of the Council of Management of Henry George Foundation reflects on Karl Polanyi's 1943 book "Great Transformations" which explores what happened to sow the seeds of self-destruction in our present monetary system. Polanyi's thesis is that it was a deception.

It was the pretence that the primary elements of the economy, namely land, labour and credit, are commodities that can be traded in the market in the same way that actual commodities can. He pointed out that these primary elements of the economy are patently not commodities in that they are not man-made goods. [Read more]

No comments: