THE FUTURE OF MONEY Bernard A. Lietaer About the Author Bernard Lietaer had thirty years of professional experiences, which tend to mutually exclude each . The Future of Money has ratings and 14 reviews. Joshua said: Fascinating! It is especially prescient given that it was published in (!) yet seem. Bernard Lietaer March 1. The Future of Money: How New Currencies Create Wealth, Work and a Wiser World. (Book #2 – US Version). June
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Rather, it is the limited functionality of our money and monetary system that is a major force behind our present disorders. You will learn how different objectives can be supported – or hindered – by a currency.
Like all magicians, they don’t like to show their tricks. Yet the prevailing money vuture prescribes all of our economics, and much of our current social behavior and political climate. He links currency systems to their effects in societies. Similarly, these currencies were designed to foster competition among their users, rather than cooperation. Most people probably suspect that the answer to the nature of money comes from the study of economics or monetary theory, and we all know these fields are boring – full of equations and devoid of emotional juice.
There are two main reasons why money appears so mysterious: Or a working year of six months. As Marcel Proust observed, ‘Material objects have in themselves no power, but, since it is our practice to bestow power upon them Similarly, the common agricultural laborer in 10th to 13th century mediaeval Europe spent less than half of his waking hours at work.
Alternative currencies can only offer a partial solution. Secrets are harder and harder to keep, and ownership, early arrival, and geography are of declining significance in accessing, futuge and using knowledge and wisdom that are the really valuable legal tender of our time.
Refresh and try again. As Bernard Lietaer points out, the money system is not neutral. They are created by the participants at the moment lietae their transaction.
Every village has futurr or more festival holidays throughout the year, with elaborate ephemeral artful expressions. It is about the concept of money, and how different money systems shape different societies. Summer A world in balance It’s 1 p. Short-term thinking is shown not to be due to human nature, but to lietqer prevailing money system.
Under such a money system, long-term concerns would be the norm, the spontaneous response. There is, in short, a definite whiff of the s in the air. One expert’s opinion is that ‘Global ageing will become not just the transcendent economic issue of the 21st century, but the transcendent political issue as well.
The Future of Money
We saw that our oldest information systems are money systems chapter 1 remember, even writing was if invented to record financial transactions. So, naturally, you would prefer the Pound 20 note, because lifelong experience has taught you that the, Pound 20 note will be lieter by everyone as worth You have a deeply held belief – and here is the key – not that the note is valuable, but that everyone else will accept it as valuable.
So for me the book could have been much, much shorter. For the past 30 years, many economists futurw forecast reduced working weeks or retirement at age This book is unique in that it integrates the letaer varied professional perspectives into a coherent view on money.
As a result, the severity of any recession and unemployment will be significantly reduced. If you are very familiar with these topics, skip the Primer, and go straight to Chapter 1. And even these account the future growth in the Staggering numbers do not take into account number of the elderly reflected in Figure 1.
The Future of Money by Bernard A. Lietaer
When you use software, you are not stopping millions of others from using it also, as was guture case with the key resources of the past. In ‘real’ world transactions, these conditions are rarely met.
Money or lack thereof, is a fundamental component of our lives. Before anything else, we need to ov the basics. However, during the next decade, we should expect another multiplication, this time by a factor of 45! Throughout history, virtually every society has conferred some mysterious sacred qualities on its currency.
Here is lietarr budget for this endeavor. The risks are not only financial, some of the emerging money technologies could create a society more repressive than anyone of us thought possible.
It is worth remembering what John F. On his retirement, Mr. The age of 65 was initially chosen by Bismarck as an official ‘retirement age’ during the 19th century, when the life expectancy in Germany was 48 years. So when priests or priestesses were in power, temples issued money. Using the high-speed underground, she returns to her other community, the village nestled in the foothills of the Alps, 15 minutes away.
Are we going wrong somewhere- Wassily Leontieff, Nobel Prize-winning economist, lietaee summarized the overall process as follows: Today, money remains shrouded just as effectively by academic jargon and esoteric equations. A Primer is available at the end of this book.
A total economic meltdown was avoided only because the US on an scale billion. Most surprising to them was the discovery that this machine compacted time. Four key features still characterize our ‘normal’ money systems and remain basically unquestioned: This is one of the books that helped me understand that money is a human invention, and not natural mechanism, and that was a step toward my current work and passion.
Transaction Net: The Future of Money by Bernard Lietaer
Is this the fault of the overly efficient money system, or of the inefficient redistribution schemes? Using this approach, would it not be possible for the Information Revolution to evolve into an authentic Age of Knowledge? Part One brings our hidden assumptions about money to the surface.
Economists will correctly argue that productivity improvements in one sector tend to create jobs in other sectors, and that therefore ‘in the long run’ technological change doesn’t matter. The Future of Lieater and its sequel The Mystery of Money are the basis of an international television series currently in production.