As the real economy is increasingly digitalized, banking lags behind. It is
thus not well placed to support the new economy. The book provides some perspective on the
changes taking place, identifying the systemic weaknesses in the traditional financial
infrastructure, and proposing some radical rethinking to address systemic financial
instability.
SIMON MOUATT is Senior Lecturer in Economics at Southampton Solent
University, UK. His research focuses on the notion of the erosion of state (financial)
sovereignty, and general transformation of the capitalist credit system, from a Marxian
perspective. He is interested in all aspects of monetary theory, and the functioning of
the capitalist financial system per se.
CARL ADAMS is Principal Lecturer and Research Degrees Co-ordinator in
the School of Computing at the University of Portsmouth, UK. His research focuses on
mobile information systems, innovation cycles, open-global sourcing and the impact of new
technology on society.
Table of Contents
Introduction; C.Adams & S.Mouatt
PART ONE: THEORY Monetary Monopoly as Structural Cause for Systemic Financial
Instability?; B.Lietaer
Marx’s Big Idea; N.Potts
When is a Financial Crisis not a Financial Crisis?; N.Potts
The Dissolution of the Financial State; S.Mouatt
The Corporate Subjugation of Money and Banking; S.Mouatt
PART TWO: THE EVIDENCE The Emergence of Non-Banks: E-Commerce Driven
Competition in the Financial Sector; C.Adams
Changing Payment Systems; C.Adams
Ascendant Corporate Monies: Electronic Money in an Electronic World; C.Adams
Complementary Currencies at Work; B.Lietaer
PART THREE: THE FUTURE Towards an Ecology of Complementary Currencies;
B.Lietaer
The State-Issue of Currency without Usury; P.Challen, S.Mouatt & R.Shakespeare
The Future: Competition from the Technology Arena; C.Adams
A Complementary and Competitive Monetary System for the Future?; C.Adams & S.Mouatt
264 pages, Hardcover