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

Detlev Ehrig

Uwe Staroske

About one decade has elapsed since the introduction of the Euro: Has the Euro proved to be a stable currency? Doubts might be left. Large segments of the financial system seem to be coming apart at the seams, bailout plans have been approved. Is even a withdrawal from the European Unification going to be likely? This sounds popular, but this may be an undertaking with an uncertain ending. The contributions do not intend to give rash answers. A strengthening of the Euro is necessary, and should be preferred to its abolition. To make the Euro fit for the future is the order of the day.

Reviews and Prospects of a Unified Currency. Rück- und Ausblicke Auf Eine Einheitliche Währung

The Euro, the Eurosystem and the European Economic and Monetary Union. Der Euro, Das Eurosystem und Die Europäische Wirtschafts- und Währungsunion

Otto Steiger

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