Show Less

Unconventional Consideration Manners of the Economic Crisis III

What is to be done as a solution for the crisis?

Uwe Petersen

In the beginning of 2011 Unkonventionelle Betrachtungsweisen zur Wirtschaftskrise. Von Haien, Heuschrecken und anderem Getier (Unconventional Consideration Manners of the Economic Crisis I. From Sharks, Grasshoppers and other Creatures) was published, which explained aphoristically succinct aspects of the economic crisis. At the end of August, 2011, the second volume with the subtitle Illnesses of the Economic System and Possibilities and Limits of their Healing appeared in German, which analyses the traditional measures of the economic policy and exemplarily describes the economic case history of single countries. The result of these analyses was that the conventional economic policies only cured symptoms but aggravated even the fragility of the economic system. Therefore in this book (a little modified and actualised translation of the third volume published in German in 2012) unconventional solution possibilities of the financial and economic crisis are indicated, and are backed up ethically. The treatises in this volume are clear for themselves, and at the same time give an overview about the crisis problems all together, and that’s why it seemed to be justified to translate only this volume in English.

Prices

Show Summary Details
Restricted access

Contents

Extract

Introduction ........................................................................................................... 9 A. The axiomatic and economic-ethical bases of our today's finance-capitalistic economic system and their relation to the sense of economy................................ 11 I. Economy as an order enclosing the people ...................................................... 11 II. Economy as a remedial process escorted by God ........................................... 16 III. The European economy as a synthesis of antique and Jewish/Christian understanding of economy .................................................................................. 20 IV. The liberal capitalistic economic ethics ........................................................ 21 V. Maximisation of strategic and minimisation of economic-ethical behaviour in the Capital Market .......................................................................................... 25 VI. Economic-ethical necessity to overcome selfish economic behaviour in favour of an identification with the common welfare ......................................... 30 B. Necessary economic measures to overcome the global financial and economic crisis .................................................................................................... 33 I. The restriction and reduction of public indebtedness....................................... 33 1. Improvement of public finances by depreciation of the public debts through inflation ............................................................................................................... 35 2. State bankruptcy or devaluation of the debts to stabilise the public finances .... 36 3. Restriction of state expenses in order to decrease indebtedness and repay debts .................................................................................................................... 41 4. Increase of public revenues to stabilise the public finances .............................. 43 4.1 Taxation of the economic activities to avoid further indebtedness .................. 43 4.1.1 Sales Tax rise to avoid further indebtedness................................................ 43 4.1.2 Income Tax rise to avoid further indebtedness ............................................ 44 4. 2 Taxation of existing stock values to avoid further indebtedness..................... 46 4.2.1 Death Taxes to avoid further indebtedness .................................................. 46 4.2.2 Property Tax to avoid further indebtedness ................................................. 47 4.2.3 Balancing circulating Government stocks with the national debts through property delivery .................................................................................................. 47 6 II. The removal of chronically active and passive...

You are not authenticated to view the full text of this chapter or article.

This site requires a subscription or purchase to access the full text of books or journals.

Do you have any questions? Contact us.

Or login to access all content.