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Rethinking our Centralized Monetary System Lewis D. Solomon

Rethinking our Centralized Monetary System By Lewis D. Solomon

Rethinking our Centralized Monetary System by Lewis D. Solomon


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Summary

As we approach the 21st century, we must rethink our centralized monetary system as part of a larger reexamination of existing political economy, according to Solomon.

Rethinking our Centralized Monetary System Summary

Rethinking our Centralized Monetary System: The Case for a System of Local Currencies by Lewis D. Solomon

As we approach the 21st century, we must rethink our centralized monetary system as part of a larger reexamination of existing political economy, according to Solomon. In questioning the passive acceptance of a federal monopoly in producing money, the author challenges prevailing notions of progress and economic life. Advancing the idea of local currencies to promote a political economy based on empowerment, self-reliance, and ecological permanence, the book discusses three viable systems, all of which are possible under federal and state laws: barter, customer discounts, and local scrip not pegged to the U.S. dollar. The business and practical aspects of each of these systems is considered. This original work will be of interest to scholars, students, and policy-makers in political economy, money and banking, public finance, and public policy.

About Lewis D. Solomon

LEWIS D. SOLOMON is Arthur Selwyn Miller Research Professor of Law at the George Washington University Law School. He is the author of 23 books including, most recently, Taxation of Investments (1994) and Corporations: Law and Policy (1994).

Table of Contents

Acknowledgments Introduction The Evolution of the U.S. Monetary and Banking System: An Overview The Current Context and Objectives of Local Currency Issuance Barter: Evolution into a Modern Economic Tool Discount Scrip: Creating a Local Currency Pegged to the U.S. Dollar Local Currency Not Pegged to the U.S. Dollar Legal Aspects of Local Currency Conclusion Bibliography Index

Additional information

NPB9780275953768
9780275953768
0275953769
Rethinking our Centralized Monetary System: The Case for a System of Local Currencies by Lewis D. Solomon
New
Hardback
Bloomsbury Publishing Plc
1996-01-19
184
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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