Margrit Kennedy

INTRODUCTION

It takes some audacity for a non-economist to write a book about economics, especially if the book deals with one of the basic yardsticks of the profession, i.e., money.

Money is the measure in which most economic concepts are expressed. Economists use it as merchants use kilograms and architects use metres. They seldom question the way it works and why in contrast to the meters and kilograms it is not a constant measure but varies, now, almost daily.

This book takes a look at how money works. It exposes the reason for the constant change in one of our most important measures. It explains why money not only "makes the world go round" but also wrecks the world in the process.

The huge debt accumulated by Third World countries, unemployment, environmental degradation, the arms build-up and proliferation of nuclear power plants, are related to a mechanism which keeps money in circulation: interest and compound interest. This, according to economic historian John L. King, is the "invisible wrecking machine" in all so-called free-market economies.

WHO WOULD PROFIT FROM A NEW MONETARY SYSTEM?

INDIVIDUAL AND SOCIAL CHANGE seems to happen for three basically different reasons:

(1) because a breakdown due to a particular pattern of behavior has occurred, i.e., in order to avoid another occurrence;

(2) because a breakdown due to a particular pattern of behavior may occur, i.e., in order to avoid the break-down;

(3) Because another pattern of behaviour seems more adequate in order to achieve the desired result.

The change in the monetary system proposed in the last chapter may happen for any one, any combination, or all of the above reasons.

See her page in Wikipedia

July 2011

For the last two years we have been working on implementing a long-time plan: making all our publications available digitally on the web.

We have now done it. You will find five decades of our books, articles, lectures and more in PDF-format on http://kennedy-library.info/

We cordially invite you to visit this library and wish you joy in searching and reading. We would be really pleased to get your feedback and any suggestions to make it better – so that the library is easy to handle.

Greeting from our eco-village Lebensgarten!

Margrit & Declan Kennedy

http://kennedy-library.info