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The book presents a novel theory of money, contrasting traditional views from thinkers like Adam Smith and Karl Marx. Goodchild argues that money is created beyond reserves, functioning as both credit and debt. This duality necessitates a social demand for profit and further money creation to settle debts, driving global economic expansion. He posits that money transcends mere currency, becoming a supreme value and obligation, effectively replacing God as the dominant global religion, despite widespread disbelief in its foundational principles.
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Theology of Money, David Mills Daniel, Philip Goodchild
- Language
- Released
- 2014
- product-detail.submit-box.info.binding
- (Paperback)
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- Title
- Theology of Money
- Language
- English
- Authors
- David Mills Daniel, Philip Goodchild
- Publisher
- SCM Press
- Released
- 2014
- Format
- Paperback
- Pages
- 286
- ISBN13
- 9780334041429
- Category
- Business and Economics
- Description
- The book presents a novel theory of money, contrasting traditional views from thinkers like Adam Smith and Karl Marx. Goodchild argues that money is created beyond reserves, functioning as both credit and debt. This duality necessitates a social demand for profit and further money creation to settle debts, driving global economic expansion. He posits that money transcends mere currency, becoming a supreme value and obligation, effectively replacing God as the dominant global religion, despite widespread disbelief in its foundational principles.