IJCCR (International Journal of Community Currency Research) Contents, 1998 to 2015
IJCCR (International Journal of Community Currency Research) Contents, 1998 to 2015
source: http://www.youtube.com/watch?v=bCQaNdbRMWw published on Sep 27, 2014.
This is a rough transcript of the above video that you should store on your offline-harddisk just in case youtube decides to delete it.
Universities and wast majority of the population and academics all have a blind spot – we have a blind spot on the domain of money.
this blind spots consists of 3 levels/layers:
When you do an open system – then the model that we are proposing which is a complex flow network (like in any natural ecosystem) in which money circulates is the valid one – and we have the proof from thousands of examples of natural ecosystems that this is not stable – unless you put diversity and inter-connectivity within a particular range.
We need to rethink – which mathematics are used and which theoretical framework is being used – which just requires rethinking the entire economic field – which is of course very exciting – for those who want to create something.
There is a huge amount of work to be done – everything needs to be redone.
Economics has never incorporated entropy.
it has been attempted by Nicolas Georgescu-Roegen (Mathematician, Statistician and Economist) in the 1960s/1970s – but has never been integrated back into economics – has never been integrated into mainstream-economics.
I found it interesting that Samuelson who wrote the preface of Georgescu‘s book basically said: all economists should read this book.
Nicolas Georgescu-Roegen is the scholar of the scholars – and the economist of the economists – really hardcore – and no economist should be ignorant of the implications of entropy in the field – because it really questions everything.
Samuelson himself has never changed his book (to reflect that) – it ran through another 20 editions without changing it (in that direction in any way) – so there is an ideological blockage.
The
i see in the economic framework – besides the definition of an open system – as opposed to a closed system – which is the way it is usually taught – is what do we do what they call “extranalaties”.
In the economic field you have a theoretical framework that is perfectly rational and perfectly mathematical coherent – but it is not related to anything outside of it’s framework.
This is a structural problem – and if you deal with structural problems you need to have structural solutions – if you don’t you just gonna repeat the cycle.
FALSE! if there are “STRUCTURAL PROBLEMS IN YOUR ECONOMIC MODEL.”
What i am proposing as a model is: You have the economy as a center – and you have around it the human-social system were economics is a subset of – there are lots of things we do that are not economic.
And the social-system itself is a subset of the biosphere – so the three fall into each other – and therefore there are no analogies in that approach – that is the model – which is called
i haven’t invented it – there is a full series of people that have been working with it.
but that is not what is taught.
What is taught is an abstract ideology that has nothing to do with reality.
Just for the Love of it: Who the F**** is “Courtney Love was invented?” ah never mind i just misheard something in the above video.
Video: Description is: “Bernard Lietaer – Outspoken comments on capitalism. See Lietaer‘s interview ”What about Money?” at https://www.youtube.com/watch?v=33eG7… . The book he mentions: http://www.amazon.com/The-Entropy-Law… by Nicolas Georgescu-Roegen. (Mathematician, Statistician and Economist)
“Every few generations a great seminal book comes along that challenges economic analysis and through its findings alters men’s thinking and the course of societal change.
This is such a book, yet it is more.
It is a “poetic” philosophy, mathematics, and science of economics.
It is the quintessence of the thought that has been focused on the economic reality.
Henceforce all economists must take these conclusions into account lest their analyses and scholarship be found wanting.
“The entropy of the physical universe increases constantly because there is a continuous and irrevocable qualitative degradation of order into chaos.
The entropic nature of the economic process, which degrades natural resources and pollutes the environment, constitutes the present danger. The earth is entropically winding down naturally, and economic advance is accelerating the process. Man must learn to ration the meager resources he has so profligately squandered if he is to survive in the long run when the entropic degradation of the sun will be the crucial factor, “for suprising as it may seem, the entire stock of natural resources is not worth more than a few days of sunlight!” Georgescu-Rogen has written our generation’s classic in the field of economics.”Library Journal
–This text refers to the Paperback edition.
http://0-www.worldcat.org.novacat.nova.edu/identities/lccn-n50016290/
Nicholas Georgescu-Roegen, born Nicolae Georgescu (4 February 1906 – 30 October 1994) was a Romanian Americanmathematician, statistician and economist. He is best known today for his path-breaking 1971 magnum opusThe Entropy Law and the Economic Process, where he argued that all natural resources are irreversibly degraded when put to use in economic activity. A progenitor and a paradigm founder in economics, Georgescu-Roegen’s work was seminal in establishing ecological economics as an independent academic subdiscipline in economics.
“All activities in nature will drive things towards entropy = disorder, so things naturally get disordered.”
“The only way to prevent things from getting disordered – is to apply some energy to them – your body for instance is very ordered and the only way it stays ordered is that you spend a ton of energy holding it together in an ordered fashion – the day that you die – you no longer are expending any energy that hols your body together and your body will fall apart.”
Krasser SCheiß.
source: https://www.youtube.com/watch?v=nIr5BdotYls
See BIS.org’s History where it acts as a central bank for central banks: https://www.bis.org/about/history.htm…”
The Bank for International Settlements (BIS) was established in 1930 in Basel, Switzerland.
It is an international organisation, created pursuant to an international treaty (The Hague Agreements of 1930). Its shareholding members are central banks and monetary authorities.
The mission of the BIS is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks.
The following pages will tell you more about the history of the BIS:
The following provide more detail about the BIS’s role and evolution:
See also this is the biz, the booklet produced for the BIS’s 75th anniversary exhibition.
Dartmouth College, Hanover, New Hampshire, USA
University of Iceland, Reykjavik, Iceland
University of Freiburg, Freiburg, Germany
Universität Klagenfurt, Vienna, Austria
University of Helsinki, Helsinki, Finland
Universidade Federal Fluminense (UFF), Rio de Janeiro, Brazil
University of Canberra, Bruce, Australian Capital Territory, Australia
York University, Toronto, Canada
Helmholtz Centre for Environmental Research – UFZ, Leipzig, Germany
University of Denver, Denver, Colorado, USA
Boston, Massachusetts, USA
Universidade Nova de Lisboa (Lisbon), Lisbon, Portugal
Ashoka Trust for Research in Ecology and the Environment (ATREE), Bangalore, India
Australian National University, Canberra, Australian Capital Territory, Australia
Australian National University, Canberra, Australian Capital Territory, Australia
Fontainebleau, France
Madison, Wisconsin, USA
Delhi, India
Glasgow, UK
Port Elizabeth, South Africa
Shanghai, China
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Stockholm, Sweden
Troy, New York, USA
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Vienna, Austria
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Pretoria, South Africa
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Bellaterra Barcelona, Spain
Santiago, Chile
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Tokushima City, Japan
Rio de Janeiro, Brazil
London, UK
Amsterdam, Netherlands
Berkeley, California, USA
Atlanta, Georgia, USA
Leeds, England, UK
Tempe, USA
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Canberra, Australia
Vancouver, British Columbia, Canada
Lyngby, Denmark
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Vienna, Austria
Vienna, Austria
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Please also watch the two speakers before him to fully understand what he is talking about: https://altcoopsys.org/2016/10/03/financial-reform-for-a-sustainable-economy-globalutmaning-speakers-bernard-lietaer-michael-kumhof/
They had implemented at least half of the Bretton-Woods money-reform proposals.
In the wake of the Global financial crisis of 2008, policymakers and others have called for a new international monetary system that some of them also dub Bretton Woods II. On the other side, this crisis has revived the debate about Bretton Woods II.[Notes 5]
On 26 September 2008, French President Nicolas Sarkozy said, “we must rethink the financial system from scratch, as at Bretton Woods.”[44]
On 24–25 September 2009 US President Obama hosted the G20 in Pittsburgh. A realignment of currency exchange rates was proposed. This meeting’s policy outcome could be known as the Pittsburgh Agreement of 2009, where deficit nations may devalue their currencies and surplus nations may revalue theirs upward.
In March 2010, Prime Minister Papandreou of Greece wrote an op-ed in the International Herald Tribune, in which he said, “Democratic governments worldwide must establish a new global financial architecture, as bold in its own way as Bretton Woods, as bold as the creation of the European Community and European Monetary Union. And we need it fast.” In interviews coinciding with his meeting with President Obama, he indicated that Obama would raise the issue of new regulations for the international financial markets at the next G20 meetings in June and November 2010.
Over the course of the crisis, the IMF progressively relaxed its stance on “free-market” principles such as its guidance against using capital controls. In 2011, the IMF’s managing director Dominique Strauss-Kahn stated that boosting employment and equity “must be placed at the heart” of the IMF’s policy agenda.[45] The World Bank indicated a switch towards greater emphases on job creation.[46][47]
However, Deutsche Bank’s Sanjeev Sanyal has argued that the insistence on global balance is fundamentally flawed and that sustained economic growth has always relied on symbiotic imbalances. This means that the world will eventually have to accept a return to new period of imbalance that he calls Bretton Woods III.[42]