The Growth Spiral

Money, Energy, and Imagination in the Dynamics of the Market Process

Authors: Binswanger, Hans Christoph

  • Proposes a new approach to understanding the modern economy
  • Presents a model of economic growth incorporating the roles of monetary dynamics and natural resources
  • Written for the specialist and the interested lay reader
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  • ISBN 978-3-642-31881-8
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Hardcover $129.00
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  • ISBN 978-3-642-31880-1
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Softcover $129.00
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  • ISBN 978-3-642-44001-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book develops a new theory of the modern economy. Conventional economic theory is (still) based on an essentially static notion of equilibrium. In contrast, this book offers an analysis of the economic process based on a truly dynamic approach. It understands modern economic activity as manifesting itself in a growth spiral. There are two main drivers of the dynamics of this spiral: steady money creation in the banking system, on the one hand; and the continuous inflow of energy and raw materials through the exploitation of natural resources, on the other. Both driving forces are generally neglected by the conventional theory. Understanding their role is absolutely essential for preventing our economy from being more and more exposed to financial and ecological crises. This book offers important insights about the functioning of the modern economy and addresses the specialist as well as the interested lay reader.

About the authors

Hans-Christoph Binswanger is a Professor Emeritus of economics at the University of St. Gallen, Switzerland, where he was also Head of the Institute of Economics and Director of the Institute for Economy and the Environment. He holds a phd and a habilitation from University of Zurich, Switzerland. He has published extensively in books and journals on environmental and resource economics as well as monetary economics, and has been awarded several research and policy prizes.

Reviews

From the reviews:

 

“The subtitle of the book encapsulates the author’s ambitious research agenda combining growth theory, monetary policy, environmental economics, economy history, and economic dynamics to build ‘the foundations for a new theory of the modern economy.’ … This book is intended to appeal to a broad audience of academics, policymakers, and lay readers.” (Jesse Perla, Journal of Economic Literature, Vol. LI (4), December, 2013)

Table of contents (13 chapters)

  • Introduction

    Binswanger, Hans Christoph

    Pages 1-5

  • The Difference Between Market and Barter: Money and the Making of Markets

    Binswanger, Hans Christoph

    Pages 9-13

  • Capital and the Firm: The Firm as the Engine of the Market Process

    Binswanger, Hans Christoph

    Pages 15-36

  • Money and Money Creation in a Two-Stage Banking System

    Binswanger, Hans Christoph

    Pages 37-46

  • The Development of the Theories of Production: Valid Insights and Shortcomings

    Binswanger, Hans Christoph

    Pages 49-74

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-3-642-31881-8
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-642-31880-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • ISBN 978-3-642-44001-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Growth Spiral
Book Subtitle
Money, Energy, and Imagination in the Dynamics of the Market Process
Authors
Copyright
2013
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-31881-8
DOI
10.1007/978-3-642-31881-8
Hardcover ISBN
978-3-642-31880-1
Softcover ISBN
978-3-642-44001-4
Edition Number
1
Number of Pages
XII, 168
Topics