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Towards an ecological market

In: Central Banking, Monetary Policy and the Environment

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  • Wesley C. Marshall

Abstract

This chapter proposes the creation of a new currency, the green dollar, that would be designed to create financial incentives for environmentally helpful activities, and in the process attend to long standing problems of wealth inequality and poverty. This article goes to some lengths to explain the nature of money and how it is currently conceptualized and utilized in order to argue for the creation of a new financial system to support an ecological agenda. Such a proposal contrasts from others in that it will need very few resources, either financial or technological, to be implemented.

Suggested Citation

  • Wesley C. Marshall, 2022. "Towards an ecological market," Chapters, in: Louis-Philippe Rochon & Sylvio Kappes & Guillaume Vallet (ed.), Central Banking, Monetary Policy and the Environment, chapter 7, pages 155-175, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20017_7
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    Keywords

    Economics and Finance;

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