Towards a New International Monetary Order

This book presents a thorough and critical evaluation of the monetary and financial system prevalent in Western economies. Further, it seeks to explain why this system so often leads to financial crises and why they have been dealt with unsatisfactorily in the past. In order to provide answers to these questions, the book investigates the monetary and financial system from a multidisciplinary perspective, with a strong focus on the ethical value choices which throughout history have shaped the monetary and financial legal system. In the closing chapters, the book also advances a detailed proposal for a New Global Monetary Order, one based on altruism, as an alternative to the neoliberal values dominant today.

Provides unique insights into the functioning of the monetary and financial system functions in light of the underlying ethical choices made in neoliberal societies Explains in detail how the monetary and financial system lies at the root of several troublesome characteristics of modern societies, such as the increasing, global polarization between rich and poor Contains a blueprint for a New Monetary Order based on altruism (instead of egoism) and which could address some of the major economic problems of our time Includes supplementary material: sn.pub/extras

Autorentext
Koen Byttebier, Vrije Universiteit Brussels

Inhalt
Introduction.- On the conventional nature of money.- The debate about the ethics of money pursuit.- Building stones for a new monetary world order.- Some further institutional and other practical aspects of the organization of the new monetary world order.- Concluding reflections.