Towards a New International Monetary Order (Economic and Financial Law & Policy – Shifting Insights & Values, 1)

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. Front Matter....Pages i-xvii Introduction....Pages 1-12 On the Conventional Nature of Money....Pages 13-80 The Debate About the Ethics of Money Pursuit....Pages 81-352 Building Stones for a New Monetary World Order....Pages 353-442 Some Further Institutional and Other Practical Aspects of the Organization of the New Monetary World Order....Pages 443-487 Concluding Reflections....Pages 489-501