Another good resource--extreme sounding at first, but more logical every time I read it, is Margrit Kennedy's piece on interest (available in its entirety on line). She explains why fractional reserve is a totally bogus concept.
Kennedy is from Germany; there are a lot of economists from all over the world who do have approaches much better than the "Keynes vs Chicago" options we are usually forced to choose between. Again the E F Schumacher Society is a good link into that work, as is the magazines Orion and Yes!. Resurgence is also an interesting magazine, but so "New Age-y that it won't have as much mainstream appeal as the others. There are MANY good books that explore economy from an ecological perspective (Korten et al, who is also linked with Yes!). We just have to help make it become the way the world works (what Korten and Joanna Macy call "The Great Turning.") Margaret On Nov 24, 2008, at 8:29 AM, goodsell wrote: > I'd be interested in this as well. Both the current economic > foundation as > well as monetary policy must be changed. Keynesian economics clearly > doesn't > account for the true costs of production, which I think is a huge > part of > the problem, but not all. There's alot of reading out there on "why" > both > the economic and monetary systems are failing us now and why they > need to be > changed, but I've yet to find good alternatives proposed, especially > as a > replacement to the fractional reserve banking system which demands > exponential growth. > > --Martha > > _______________________________________________ For more information about sustainability in the Tompkins County area, please visit: http://www.sustainabletompkins.org/ RSS, archives, subscription & listserv information for: [email protected] http://lists.mutualaid.org/mailman/listinfo/sustainabletompkins free hosting by http://www.mutualaid.org
