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Money and Justice - A critique of modern money and banking systems from the perspective of Aristotelian and Scholastic thoughts (Paperback)
Loot Price: R1,302
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Money and Justice - A critique of modern money and banking systems from the perspective of Aristotelian and Scholastic thoughts (Paperback)
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Money has always represented power. For Aristotle, this power was
inseparable from the exercise of justice within a community. This
is why issuance of money was the prerogative of the lawful
authority (government). Such a view of monetary power was
widespread, and includes societies as distant as China. Over the
past several centuries, however, private interests increasingly
tapped into the exercise of the money power. Through gradual
shifts, commercial banks have gained a legally protected right to
create money through issuance of debts. The aim of this book is to
unravel various layers hiding the real workings of modern money and
banking systems and injustices ingrained in them. By asking what
money really is, who controls it and for what purpose (why), the
book provides insight into understanding of modern money and
banking systems, as well as the causes of growing financialization
of economies throughout the world, money manias and economic
instability. The book also increases the awareness of injustices
hidden in the workings of modern money and banking systems and the
need for moral underpinnings of such systems. Finally, it suggests
a money system which could immensely improve human, economic, and
ecological conditions.
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