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The Nature of Money in Modern Economy –Implications and Consequences طبيعة المال في الاقتصاد الحديث - التبعات والتبعات

Author

Listed:
  • Stephen Zarlenga

    (Director, American Monetary Institute (AMI), New York, USA)

  • Robert Poteat

    (Senior adviser to the AMI, New York, USA)

Abstract

This paper discusses the great importance of the monetary question, and briefly examines some of the dominant erroneous concepts of money and their effects upon societies. It also points and links to the great progress currently being made by researchers in this field, so readers can examine them more fully. It presents very brief summaries of what some of the important new papers do. It also aims at helping instructors in outlining a reading curriculum to assist in a long overdue understanding of money power. Finally, the paper presents a money and banking system proposal which has evolved since the Great Depression of the 1930s, and is now ready for implementation and has even been introduced as potential legislation into the United States Congress. تناقش هذه الورقة الأهمية الكبرى للمسألة النقدية ، وتدرس بإيجاز بعض المفاهيم الخاطئة المسيطرة للنقود وآثارها على المجتمعات. ويشير أيضًا إلى التقدم الكبير الذي يحرزه الباحثون في هذا المجال ويربطه ، حتى يتمكن القراء من فحصهم بشكل كامل. ويقدم ملخصات مختصرة للغاية حول ما تقوم به بعض الأوراق الجديدة الهامة. كما يهدف أيضًا إلى مساعدة المدرسين في تحديد منهج القراءة للمساعدة في فهم طويل لقوة المال. وأخيراً ، تعرض الورقة مقترحاً بالنقود والنظام المصرفي الذي تطور منذ الكساد العظيم في ثلاثينيات القرن العشرين ، وهو الآن جاهز للتطبيق ، وقد تم إدخاله كتشريع محتمل في كونغرس الولايات المتحدة.

Suggested Citation

  • Stephen Zarlenga & Robert Poteat, 2016. "The Nature of Money in Modern Economy –Implications and Consequences طبيعة المال في الاقتصاد الحديث - التبعات والتبعات," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 29(2), pages 57-73, January.
    • Handle: RePEc:abd:kauiea:v:29:y:2016:i:2:no:4:p:57-73
    DOI: 10.4197/Islec.29-2.4
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    References listed on IDEAS

    as
    1. Adair Turner, 2015. "Between Debt and the Devil: Money, Credit, and Fixing Global Finance," Economics Books, Princeton University Press, edition 1, number 10546.
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