Otto Steiger

Gunnar Heinsohn

ungelöste Rätsel der Wirtschaftswissenschaft

Eigentum, Zins und Geld

This book presents the first full-length explanation in English of Heinsohn and Steiger's groundbreaking theory of money and interest, which emphasizes the role played by private property rights. Ownership economics gives an alternative explanation of money and interest, proposing that operations enabled by property lead to interest and money, rather than exchange of goods. Like any other approach, it has to answer economic theory's core question: what is the loss that has to be compensated by interest? Ownership economics accepts neither a temporary loss of goods, as in neoclassical economics, nor Keynes's temporary loss of already existing, exogenous money as the cause of interest. Rather, money is created as a non-physical title to property in a credit contract secured by a debtor's collateral and the creditor's net worth. This book is an edited English translation of a highly successful German text, and offers the first book-length treatment of a theory which has received much interest since its first appearance in articles in the late 1970s.

On the Foundations of Interest, Money, Markets, Business Cycles and Economic Development

Ownership Economics

Eigentumsökonomik

"[Der Autor] liefert ...einen handbuchartigen, kritischen Überblick über die 42 bekannteren Theorien zu Auschwitz und deren "Vertreter" und entwickelt schliesslich eine eigene Theorie: Er vertritt die Auffassung, dass der Mord an den Juden der Versuch gewesen ist, die jüdische Ethik ... zu beseitigen."--Provided by publisher.

Gunnar Heinsohn

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