436 Ergebnisse
Wie hängen die Geldschöpfung der Geschäftsbanken und (endloses) Wirtschaftswachstum zusammen? Der Vortrag gibt eine Einführung in das Funktionieren des Bankensystems und die Logik der Geldschöpfung und geht dabei auch auf die Konzepte ein, die in der traditionellen Theorien nicht immer berücksichtigt werden: 1) Historische Entstehung von Geschäftsbanken 2) Geldschöpfung erhöht Geldmenge 3) Rolle der Zentralbank 4) Geldmengenwachstum führt zu Wirtschaftswachstum, Inflation oder spekulativer Blase?
Die Zeit, um den Klimakollaps allein mit marktkonformen Instrumenten abzuwenden, ist abgelaufen – jetzt helfen nur mehr Verbrauchsminderungen. Und durch eine Wegbesteuerung des desaströsen Überkonsums können zugleich die Mittel für den Aufbau einer regenerativen Infrastruktur verfügbar gemacht werden.
Peter Spahn beginnt mit einer Übersicht verschiedener Geldtheorien. Er geht dabei auf die Merkantilisten und ihren Fokus auf Reserven und Gold ein, der jedoch nicht einem Fetischismus geschuldet war, sondern der Wichtigkeit von Edelmetallen als Bankreserve und dadurch als Kondition für die Schöpfung von Bankkredit galt. Danach werden die klassische Theorie und insbesondere die Quantitätsgleichung und aus dieser folgende theoretische Ableitungen vorgestellt. In der Neoklassik wird Geld als Mittel zur Minimierung von Transaktions- und Informationskosten angesehen bzw. als Alternative zum Auktionator bei Walras. Aus Postkeynesanischer Sicht und aus der soziologischen Perspektive wird auf die Effekte einer Geldwirtschaft eingegangen, sowie auf die Bedeutung von Vertrauen und die institutionelle Knappheit des Geldes. Zum Schluss wird die aktuelle Geldpolitik der EZB problematisiert.
In seinem Vortrag erläutert Helge Peukert wie die neoklassische Denkschule und Wirtschaftspolitik zu der internationalen Finanz- und Schuldenkrise der letzten Jahre geführt hat. Hierbei übt Peukert besonders Kritik am bestehenden Banken - und Finanzsystem. Er zeigt auf welche Gefahren und Antriebsfaktoren solch ein System bergen kann.
This multimedia dossier is part of the series „Understanding Finance“ by Finance Watch. The dossier focuses on universal banks – banks that pursue commercial and investment banking and points out several problems of those megabanks, especially in the context of the financial crisis (too big to fail).
The page "Positive Money" gathers text and short videos which explain how money is created by banks by giving loans. It furthermore presents the consequences of this process on housing prices, inequality and the environment and its role in the financial crisis. The dossier is provided by the campaign "Positive Money" which aims at a democratic control over money creation. Besides texts by the campaign, the page makes available links to journal and conference articles on the topic. The page focuses on the banking system of the UK.
Unternehmen wird eine besondere Veränderungsbereitschaft zugeschrieben, und die Hoffnung ist, dass sie zu einem neuen Bild der Wirtschaft beitragen. Darin fehlen jedoch wesentliche andere Institutionen, die den Unternehmen Grenzen setzen. Ein Beitrag von Sabrina Schmidt und Carla Young.
Welche Rolle können Zentralbanken, staatliche Banken wie KfW und EIB und private Finanzwirtschaft spielen, um den anstehenden Umbau voranzubringen? Müssen Zentralbanken eingreifen, wenn Politik versagt?
This paper investigates how the concept of public purpose is used in Modern Monetary Theory (MMT). As a common denominator among political scientists, the idea of public purpose is that economic actions should aim at benefiting the majority of the society. However, the concept is to be considered as an ideal of a vague nature, which is highly dependent on societal context and, hence, subject to change over time. MMT stresses that government spending plans should be designed to pursue a certain socio-economic mandate and not to meet any particular financial outcome. The concept of public purpose is heavily used in this theoretical body of thought and often referred to in the context of policy proposals as the ideas of universal job guarantee and banking reform proposals show. MMT scholars use the concept as a pragmatic benchmark against which policies can be assessed. With regards to the definition of public propose, MMT scholars agree that it is dependent on the social-cultural context. Nevertheless, MMT scholars view universal access to material means of survival as universally applicable and in that sense as the lowest possible common denominator.
Photo by Alina Grubnyak on Unsplash Networks are ubiquitous in our modern society The World Wide Web that links us to and enables information flows with the rest of the world is the most visible example It is however only one of many networks within which we are situated Our …
A free online course at Masters-level will enable you to understand the past, present and future role of money in society.
The current global financial system may not withstand the next global financial crisis. In order to promote the resilience and stability of our global financial system against future shocks and crises, a fundamental reconceptualisation of financial regulation is necessary. This reconceptualisation must begin with a deep understanding of how today's financial markets, regulatory initiatives and laws operate and interact at the global level.
Globalisierung, Gier und fehlende Bankenregulierung - sie alle wurden für die Krise der Weltwirtschaft verantwortlich gemacht. In Wahrheit sind dies nur Nebenschauplätze eines weit größeren Dramas.
Examine what would happen if we were to deploy blockchain technology at the sovereign level and use it to create a decentralized cashless economy. This book explains how finance and economics work today, and how the convergence of various technologies related to the financial sector can help us find solutions to problems, such as excessive debt creation, banks getting too big to fail, and shadow banking.
Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing by Costas Lapavitsas puts forth a distinctive view defining financialization in terms of the fundamental conduct of non-financial enterprises, banks and households.
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
As the current economic crisis spreads around the globe questions are being asked about what king of capitalist or post-capitalist economy will follow. There is increasing talk of the need for stringent economic regulation, the need to temper greed and individualism, to make the economy work for human and social development.
Once in a while the world astonishes itself. Anxious incredulity replaces intellectual torpor and a puzzled public strains its antennae in every possible direction, desperately seeking explanations for the causes and nature of what just hit it. 2008 was such a moment. Not only did the financial system collapse, and send the real economy into a tailspin, but it also revealed the great gulf separating economics from a very real capitalism.
Derek Neal writes that economists must analyze public education policy in the same way they analyze other procurement problems. He shows how standard tools from economics research speak directly to issues in education. For mastering the models and tools that economists of education should use in their work, there is no better resource available.--
This open access book presents an alternative to capitalism and state socialism through the modelling of a post-market and post-state utopia based on an upscaling of the commons, feminist political economy and democratic and council-based planning approaches.
Maria Nikolaidi on how Minsky’s theory has been modelled over past decades and how one can use these models in order to analyse contemporary issues such as financial fragility and financial instability caused by climate change.
Teaching the public about lobbying and its effects on financial institutions that help run the economy in which we all live and use.
This content submission has two parts: (1) a link to the post by Wolf Richter on deterioration of US subprime credit card debt and loans, driven in part by the overuse of hedonic quality adjustments in the Consumer Price Index (CPI) used by the US Bureau of Labor Statistics, and (2) to introduce Exploring Economics to the website Naked Capitalism, which is an effort to promote critical thinking through the medium of a finance and economics blog and fearless commentary.
As part of the 2019/2020 Exploring Economics Experience, one of our supporters Prof. Steve Keen gave a presentation to our editorial team. Read more
In this short podcast, Naomi Fowler, the Tax Justice Network's creative strategist, discusses how the laws made by those who profited from slavery and the empire and, the extractive business models of the major financial sector continue to impoverish some of the poorest nations.
How long the COVID-19 crisis will last, and what its immediate economic costs will be, is anyone's guess. But even if the pandemic's economic impact is contained, it may have already set the stage for a debt meltdown long in the making, starting in many of the Asian emerging and developing economies on the front lines of the outbreak.
Andrea Binder ist Expertin für Offshore Finanzen und humanitäre Politik. In ihrer kürzlich ausgezeichneten Dissertation hat sie sich damit beschäftigt, wie G...
This article examines the spread of financialization in Germany before the financial crisis. It provides an up-to date overview on the literature on financialization and reviews which of the phenomena typically associated with financialization have emerged in Germany. In particular, the article aims to clarify how the prevailing institutional structure and its changes had contributed to or had countervailed the spread of financialization and how it had shaped the specific German variant of financialization. For this end, it combines the rich literature on Germany's institutional structure with the more macroeconomic oriented literature on financializaton. With the combination of those different perspectives the article sheds light on the reasons for the spread of financialization and the specific forms it has taken in Germany.
How exactly are persisting social inequalities and the operations of modern finance connected? Adam Tooze provides a detailed answer to a still relevant problem by focusing on the Great Financial Crisis and the role of the finance industry in the USA.
Marx Reloaded ist eine Kulturdokumentation die den Ideen des deutschen Sozialisten und Philosophen Karl Marx nachgeht und ihre Relevanz für das Verständnis der globalen Wirtschafts und Finanzkrise von 2008 2009 untersucht Diese Krise löste die tiefste weltweite Rezession seit 70 Jahren aus und veranlasste die US amerikanische Regierung mehr als …
Als Reaktion auf die russische Invasion in die Ukraine haben westliche Staaten eine Reihe beispielloser Sanktionen verhängt. Viele davon treffen das russisch...
This self-paced free course by Perry Merhling guides you to his "Money View" approach that integrates the fields of economics and finance. The course can easily be understood by people interested people without technical economic knowledge or training as it is primarily a tool for analysis.
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