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Book Cover
E-book
Author Kim, Jongchul

Title Modern Money and the Rise and Fall of Capitalist Finance The Institutionalization of Tusts, Personae and Indebtedness
Published Milton : Taylor & Francis Group, 2023

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Description 1 online resource (199 p.)
Series Routledge Frontiers of Political Economy Ser
Routledge Frontiers of Political Economy Ser
Contents Cover -- Half Title -- Series -- Title -- Copyright -- Dedication -- Contents -- List of Figures -- List of Tables -- Introduction -- Persona, Property, Trusts, and Modern Money -- Money Economy Versus Credit Economy -- Structure of the Book -- 1 Money and Property -- 1.1. Analogy -- 1.2. Property was Created in the Image of Money -- 2 Person and Property-Mistaken Ideas -- 2.1. Is Locke's Ontological Formula of "Person-Property" a Case of the Linguistic Structure of "Subject-Predicate"? -- 2.2. Locke's Ontological Formula of "Person-Property" Creates a Peculiar Concept of Ownership Rights
2.3. An Analogy between Property, Slavery, and Money -- 2.4. Linear or Recurrent -- 3 The Origin of Modern Money-Modern Money as a Trust -- 3.1. Bills of Exchange and the London Goldsmith Bankers' Notes -- 3.2. Methods of Maintaining a Fractional Reserve -- Permanent Indebtedness & Liquidity -- 3.3. The Nature of the London Goldsmith Bankers' Deposit-Taking -- Economists' Understandings of Goldsmith Bankers' Deposit-Taking -- 3.4. Goldsmith Banking as a Trust -- 3.5. Transforming into the Capitalist Money Economy -- 3.6. Summary
4 The Political Economy of Modern Money in Early Modern Times: Indebted Personae and the Rise of Modern Money -- 4.1. Modern Banking as a Trust Scheme -- 4.2. Acceptance for the Payment of Tax -- 4.3. Modern Politics as the Constructor of Modern Banking -- 4.4. Modern Politics as a Trust Scheme -- 4.5. Representative Democracy as a Trust -- 4.6. Socialization of Debt -- 5 Shadow Banking in Neoliberalism -- 5.1. Money Market Funds and Propertization -- 5.2. Propertization and the Crisis of 2008 -- 6 Person, Property, and Trusts: Revisited -- 6.1. Trusts and the Person-Property Formula
6.2. Modern Business Corporations as a Trust -- The Nature of Shares -- Social Irresponsibility and Inequality -- 6.3. Quantitative Easing as a Trust -- 7 The Fall of the Neoliberal Form of Finance and Its Predicaments -- 7.1. The Withering of Private Banking and Finance -- 7.2. The Inflationary Period -- 7.3. Demography and Globalization -- 7.4. Global Inflation -- 7.5. The Privilege of Being the World's Reserve Currency -- 7.6. Effects of Quantitative Easing -- 7.7. Beggar-Thy-Neighbor and Global Inflation -- 7.8. Genuine Solution?
8 What is to be Done?: Cooperative Basic Capital and the Abolition of the Hybridity -- 8.1. Abolishing the Hybridity -- 8.2. Basic Capital as a New Method of Wealth Redistribution -- Contemporary Proposals for Basic Capital -- Basic Capital in Ancient Times -- Plato's Klēros -- Mencius's Well-Field System -- Breaking Down the Dichotomy between the Private and the Public -- Cooperative Basic Capital -- Duty to use Productively: Workers' Cooperatives -- Distinguishing Unproductive Debts from Productive Debts -- Financing Basic Capital: Social Inheritance -- Index
Notes Description based upon print version of record
Form Electronic book
ISBN 9781000829211
1000829219