Modern money and the rise and fall of capitalist finance : the institutionalization of trusts, personae, and indebtedness

Author(s)
    • Kim, Jongchul (Associate professor)
Bibliographic Information

Modern money and the rise and fall of capitalist finance : the institutionalization of trusts, personae, and indebtedness

Jongchul Kim

(Routledge frontiers of political economy)

Routledge, 2023

  • : hbk

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Note

Includes bibliographical references and index

Description and Table of Contents

Description

Modern Money and the Rise and Fall of Capitalist Finance examines the true nature of modern money and seeks ideas for an alternative economic system for a just society. This book suggests that adopting the ideas and institutions of a trust allowed personae to be combined with creditor-debtor relations and, by doing so, led to the evolution of modern money. This also helps explain why modern banking arose in England rather than continental Europe, by conceptualizing modern money as a trust and investigating the inseparable relationship between personae and modern money, because it is more than creditor-debtor relations - it takes the form of a trust. In explaining how the capitalist credit-money economy differs from previous economies, this book is a significant contribution to the literature on modern money, heterodox economics and the philosophy of economics and finance.

Table of Contents

Introduction 1. Money and Property 2. Person, Property, and Trusts 3. Modern Bank Money and a Trust: Hybridity of Property and Debt 4. Modern Bank Money and Trusts: Indebted Legal Personae, such as Corporations and States, 5. Liquidity as a Trust 6. Modern Money as a Trust Conclusion

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Details
  • NCID
    BC16923875
  • ISBN
    • 9780367510473
  • LCCN
    2022037655
  • Country Code
    uk
  • Title Language Code
    eng
  • Text Language Code
    eng
  • Place of Publication
    Abingdon
  • Pages/Volumes
    xii, 184 p.
  • Size
    24 cm
  • Classification
  • Subject Headings
  • Parent Bibliography ID
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