Ownership Economics: On The Foundations Of Interest, Money, Markets, Business Cycles And Economic Development by Gunnar HeinsohnOwnership Economics: On The Foundations Of Interest, Money, Markets, Business Cycles And Economic Development by Gunnar Heinsohn

Ownership Economics: On The Foundations Of Interest, Money, Markets, Business Cycles And Economic…

byGunnar Heinsohn, Otto SteigerEditorFrank Decker

Hardcover | October 29, 2012

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This book presents the first full-length explanation in English of Heinsohn and Steiger's groundbreaking theory of money and interest, which emphasizes the role played by private property rights.

Ownership economics gives an alternative explanation of money and interest, proposing that operations enabled by property lead to interest and money, rather than exchange of goods. Like any other approach, it has to answer economic theory's core question: what is the loss that has to be compensated by interest?

Ownership economics accepts neither a temporary loss of goods, as in neoclassical economics, nor Keynes's temporary loss of already existing, exogenous money as the cause of interest. Rather, money is created as a non-physical title to property in a credit contract secured by a debtor's collateral and the creditor's net worth.

This book is an edited English translation of a highly successful German text, and offers the first book-length treatment of a theory which has received much interest since its first appearance in articles in the late 1970s.

Gunnar Heinsohnis Professor Emeritus at the University of Bremen, Germany.Otto Steiger, who passed away in 2008, was a Professor at the University of Bremen, Germany.Frank Deckeris an economist based in Sydney, Australia. 
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Title:Ownership Economics: On The Foundations Of Interest, Money, Markets, Business Cycles And Economic…Format:HardcoverDimensions:224 pages, 9.21 × 6.14 × 0.98 inPublished:October 29, 2012Publisher:Taylor and FrancisLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0415645468

ISBN - 13:9780415645461

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Table of Contents

Ownership Economics: an introductionFrank Decker Ownership Economics: On the Foundations of Interest, Money, Markets, Business Cycles and Economic DevelopmentGunnar Heinsohn and Otto Steiger Preface to the first German edition ofOwnership Economics 1. Possession and Ownership: use of goods versus economic activity  2. The blindness of the great schools of economics towards ownership  3. The economic core of the ownership system: interest, money and property assets  4. The market as the result of the ownership-based economy  5. Issues associated with ownership in developming and transformation countries