Escolar Documentos
Profissional Documentos
Cultura Documentos
Claudio Vitari
Associate Professor in Management and
member of the endowed chair Mindfulness, Well-being at work and Economic Peace
Bank
Account
Deposit
(liability)
Debt
Money
Mortgage
Note
(asset)
Mortgage
note
F=P(1+i)n
Alternatives
The money we use is simply a social construction, a
collective agreement to accept a certain form of
measurement, store of value, and unit of exchange.
Once we accept that money is not a thing out there,
external to us, but a social construction, it follows that
we can change it.
We can make collective agreements to use other
forms of money that will operate (at least) as
effectively as the money issued by states.
10
11
Mutual Credit
The WIR business circle
cooperative (Wirtschaftsring)
was founded by the
entrepreneurial middle-class
in Switzerland in 1934 as an
answer to the money scarcity
of the Great Depression, and
still thrives after 75 years.
60,000 business members
$2 billion in transactions
cleared annually.
12
Barter Exchanges
In 2008, about 250,000 North
American companies conducted
barter transactions worth more than
$16 billion.
About $11 billion of that involved
small and medium sized businesses.
07/23/2010
13
13
Money power
Those who create and issue money and credit direct the policies of
government and hold in the hollow of their hands the destiny of the
people.
- Sir Reginald McKenna, former President of the Midland Bank of England