Reform Proposals in the Monetary System for Attaining Global Economic Stability

Released on by Clive Menzies
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  • Reform Proposals in the Monetary System for Attaining Global Economic Stability Book Detail

  • Author : Clive Menzies
  • Release Date : 2018
  • Publisher :
  • Genre :
  • Pages : 0
  • ISBN 13 :
  • File Size : 60,60 MB
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Reform Proposals in the Monetary System for Attaining Global Economic Stability by Clive Menzies PDF Summary

Book Description: The paper while examining the proposal to create a Trade Referenced Currency (TRC) at the global level that can be potentially used as a common unit of account and internationally accepted means of payment goes deeper and attempts to put monetary reform in the context of Critical Thinking's evidence-backed narrative for the political economy. It is essential to understand the context in which money operates; who controls money, and consequently, the levers of power. He argues that the global problems such as instability have been misdiagnosed and the primary cause of misdiagnosis is that orthodoxy limits investigation to symptoms rather than seeking root causes. Underpinning the political economy are three fundamental flaws which shape it and create the global and domestic problems we suffer today: institutional hierarchy; denial of access to the commons and usury. He argues that we need to realize that we cannot produce a successful blueprint for “Attaining Global Economic Stability.” What we can do is to show how and why a non-hierarchical political economy will create resilience and stability at the global level while responding to local, regional, national and global needs, i.e., a global political economy co-created by the people, for the people.

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