Money - The New Rules of the Game

  • Christian Felber

Table of contents

  1. Front Matter
    Pages i-xix
  2. The Process towards a New Monetary Order

  3. The Content – Cornerstones of a Democratic Monetary System

    1. Front Matter
      Pages 35-35
    2. Christian Felber
      Pages 37-40
    3. Christian Felber
      Pages 41-52
    4. Christian Felber
      Pages 53-64
    5. Christian Felber
      Pages 65-70
    6. Christian Felber
      Pages 71-82
    7. Christian Felber
      Pages 83-101
    8. Christian Felber
      Pages 103-118
    9. Christian Felber
      Pages 119-134
    10. Christian Felber
      Pages 135-146
    11. Christian Felber
      Pages 147-160
    12. Christian Felber
      Pages 175-187
  4. Kick Off

    1. Front Matter
      Pages 189-189

About this book

Introduction

This book advocates a holistic reform of the current monetary and financial system dealing with the issues of money creation, central banks, loans, stock markets, tax justice, pension security and the international monetary system - “Bretton Woods II”. Its innovative approach presents several alternatives for each cornerstone, in addition to introducing a participatory democratic process whereby sovereign citizens can themselves determine the rules governing the new financial and monetary system. With “democratic money conventions” in each municipality, where the elements of this new money system are discussed and decided on in a participatory manner, and a federal money covenant which then elaborates a template for a referendum about the future “money constitution”, a true “sovereign” could progressively convert money from a financial weapon into a democratic tool.

The envisaged democratic monetary system, by providing equal opportunities for every member of society to participate in the development of the “new rules of the game”, turns money progressively into a public good which increases the freedom for all.

The new system furthermore drives the enhancement of constitutional and relational values such as human dignity, solidarity, justice, sustainability, or democracy. Money should serve life and should serve the common good. The “Bank for the Common Good” Project, which was initiated in Austria by the author Christian Felber, represents a practical example of his proposals.

Keywords

Financial System New Economy Common Good Ethical Banking Sovereign democracy Monetary system Democratic economic order Money as a public good Democratic central banks National debt crisis EU bank supervision Secure pensions Currency cooperation Bank for the Common Good

Authors and affiliations

  • Christian Felber
    • 1
  1. 1.Economics and BusinessVienna UniversityViennaAustria

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-67352-3
  • Copyright Information Springer International Publishing AG 2017
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-67351-6
  • Online ISBN 978-3-319-67352-3
  • About this book