Among the many misconceptions people have about money is that a finite amount is circulating in economies, loan creation is always associated with debt creation, bank profit is dependent on interest payments, and saving money and accumulating wealth are beneficial goals. Here Dunne (founder, Danu Resources) and Lietaer (formerly international finance, Univ. of Louvain, Belgium) turn these assumptions upside down by presenting current and historic evidence of alternative monetary systems successfully implemented worldwide. The authors convincingly argue that the use of diverse currencies increases a society's economic efficiency and resilience, and that monetary systems are evolving to meet changing societal circumstances by taking advantage of human capital and new technologies. -VERDICT A must-read for community leaders, planners, policymakers, human resource, and other business professionals who are interested in learning about the creation and sustainability of innovative monetary systems. --Library Journal
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Wednesday, May 8, 2013
Rethinking money : how new currencies turn scarcity into prosperity
Among the many misconceptions people have about money is that a finite amount is circulating in economies, loan creation is always associated with debt creation, bank profit is dependent on interest payments, and saving money and accumulating wealth are beneficial goals. Here Dunne (founder, Danu Resources) and Lietaer (formerly international finance, Univ. of Louvain, Belgium) turn these assumptions upside down by presenting current and historic evidence of alternative monetary systems successfully implemented worldwide. The authors convincingly argue that the use of diverse currencies increases a society's economic efficiency and resilience, and that monetary systems are evolving to meet changing societal circumstances by taking advantage of human capital and new technologies. -VERDICT A must-read for community leaders, planners, policymakers, human resource, and other business professionals who are interested in learning about the creation and sustainability of innovative monetary systems. --Library Journal