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Democracy and Money - Lessons for Today from Athens in Classical Times (Paperback)
Loot Price: R1,303
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Democracy and Money - Lessons for Today from Athens in Classical Times (Paperback)
Series: Banking, Money and International Finance
Expected to ship within 12 - 17 working days
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The authors of this book argue that post-war fiscal and monetary
policies in the U.S. are prone to more frequent and more
destabilizing domestic and international financial crises. So, in
the aftermath of the one that erupted in 2008, they propose that
now we are sleepwalking into another, which under the prevailing
institutional circumstances could develop into a worldwide
financial Armageddon. Thinking ahead of such a calamity, this book
presents for the first time a model of democratic governance with
privately produced money based on the case of Athens in Classical
times, and explains why, if it is conceived as a benchmark for
reference and adaptation, it may provide an effective way out from
the dreadful predicament that state managed fiat money holds for
the stability of Western-type democracies and the international
financial system. As the U.S. today, Athens at that time reached
the apex of its military, economic, political, cultural, and
scientific influence in the world. But Athens triumphed through
different approaches to democracy and fundamentally different
fiscal and monetary policies than the U.S. Thus the readers will
have the opportunity to learn about these differences and
appreciate the potential they offer for confronting the challenges
contemporary democracies face under the leadership of the U.S. The
book will find audiences among academics, university students, and
researchers across a wide range of fields and subfields, as well as
legislators, fiscal and monetary policy makers, and economic and
financial consultants.
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