- Hardcover: 384 pages
- Publisher: Century (25 Jan. 2001)
- Language: English
- ISBN-10: 0712683992
- ISBN-13: 978-0712683999
- Package Dimensions: 23.4 x 16.2 x 3.4 cm
- Average Customer Review: 4.8 out of 5 stars See all reviews (16 customer reviews)
- Amazon Bestsellers Rank: 802,022 in Books (See Top 100 in Books)
The Future of Money: Creating New Wealth, Work and a Wiser World Hardcover – 25 Jan 2001
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Following the gloomy prognostications of the future of the global economy in John Grey's False Dawn, it is refreshing to read Bernard Lietaer's upbeat account of The Future of Money. Lietaer made his name implementing the convergence mechanism for the European single currency, and was named the world's top currency trader in 1989. This suggests that he knows what he's talking about when he argues that "we are largely ignorant about our money system", concerning the nature and management of money. Lietaer argues that once we understand the shifting temperament and function of money, particularly in relation to the current revolution in information technology, we can harness it for a brighter future.
Lietaer begins by addressing what he sees as the four "megatrends" currently driving society--an "Age Wave", the growth of an increasingly aged population, the Information Revolution, Monetary Instability, and Climate Change. Lietaer argues that "all crises contain hidden opportunities", which leads him to his central thesis that "we are now engaged in a structural shift of the world system, and this shift offers an unprecedented opportunity to give birth to Sustainable Development". Much of the rest of the book deals with defining sustainable development, and offering practical scenarios for its implementation. Much of this seems vague and utopian, but along the way Lietaer offers a wonderfully lucid account of the philosophy of money, the liquidity of currency and the nature of personal savings. As a financial map of the 21st century, The Future of Money is a little hazy, but as a story of the current state of money, it's extremely entertaining. --Jerry Brotton
"Read this thoughtful, penetrating, readable book and you'll understand how profoundly present monetary systems and the people who control them affect your life" (Dee Hock, Founder and CEO Emeritus, VISA International)
"Exciting, challenging and profound; a unique and essential contribution to our understanding of money." (Dr. Peter Russell, author of The Global Brain Awakens)
"This is an important breakthrough in the emerging new economics ofsustainability and human wellbeing." (Ed Mayo, President, the New Economics Foundation)
"I thoroughly disagree with it." (The Rt. Hon. John Redwood, MP) --This text refers to the Paperback edition.
Top Customer Reviews
When Bernard analyzes the prevailing monetary systems and begins to look at the consequences (that are not necessarily consciously designed into the system, and that we are not aware of on a daily basis) you can start to see that there are positive aspects of the system that we have--and some negative ones as well.
Our money system is good at creating competition, financing business ventures that compete in the marketplace and centralizing wealth and power--which can be beneficial to development and growth--which are positive results in many cases. On the down side, the current prevailing global currencies have proved to do poorly at addressing a lot of social issues such as poverty, education, community development, unemployment, etc.
While a lot of time, effort and money has been thrown at these important social issues, they still seem to prevail and little progress has been made in the last century.
In "The Future of Money" Bernard proposes some practical solutions. He proposes creating "complementary currencies" that are designed with different rules and different system and designed in a manner that creates sustainability, community, abundance and stability.Read more ›
This book really opened my eyes- I would recommend it to anyone interested in what sort of world we are in the process of creating. Not only is it rigorously analytic and comprehensively well researched - but it is also genuinely inspiring. The subject is money; what it is, where it comes from, where it goes; its history, its present, its future. Unlike so many books about money it is focused not on what happens in the minds of economists but on the phenomena that point to a revolution in progress. Who better to have witnessed such phenomena first hand than Bernard Lietaer who has 30 years of experience working as a central banker, a speculative currency trader, a professor of international finance and as an international financial adviser. He wrote "The Future of Money" while a fellow at the Centre for Sustainable Resources at Berkeley, California. We often hear that money is at the root of so many of the worlds problems (unpayable debts, capital flight, foreign exchange instability, insufficient funding for social programmes etc.). However, this book attempts to turn that notion on its head in order to show that money could rather be the root of all possibilities. A crucial point is that how we use money is largely determined by what we understand it to be. We are so used to money that we think we know what it is and we tend to take it for granted - and yet the nature of money is changing, offering us the opportunity to reappraise it, reclaim it, reorganize it for the common good. Of course this process is not automatic but rather contingent upon our conscious choice.Read more ›
The true facts behind and about the money system are a revelation.
The guy who wrote this is the genuine article, (he set up the Euro).
Consider this fact, money is often the most powerful influence on human behaviour in our capitalist system.
Economic competition created by interest on money is not sustainable for more than 20 years say, we are a heartbeat away from the money crisis, the bigbang is coming if we don't get it together to control money better.
Read this book and understand the behaviour that is required to make our future sustainable.
Detailed ideas and amazing stories of cities in Brazil and real stories where communities have challenged the banks' money system and made their communities much better.
If you can bear to read this, Mr Bernard Lietaer, thanks for the information, fantastic book, by the way; I have bought and given copies of this to my brother, my best customer, and a lawyer who bought me lunch (mind you, I don't think he's reading it!-) Alisdair Findlay, Liquidator, Glaswegian.
Most Recent Customer Reviews
Whilst full of interesting details, especially the parts that deal with complementary and alternative currencies which are a sort of global travel diary from the writer, the... Read morePublished 20 months ago by a
Book is well written and well documented, and gives feasible alternatives to today's strained world economy, all with very good example. Read morePublished on 12 Oct. 2013 by Peter Leidesdorff
This is an excellent book written with a real compassion for the future of human society. It shows that our real problems are created by our monetary system. For Dr. Read morePublished on 21 Nov. 2011 by richard
Notwithstanding than the gold standard was dispensed with in 1944 following the Bretton Woods agreement I would say this book is worth its weight in gold. Read morePublished on 2 Oct. 2010 by Mr Fipple
this book is a superb, thought provoking look at money, what it is and what it represents. You do not need a degree in economics to understand this (in fact such a grounding is... Read morePublished on 2 Mar. 2007 by vikingraider
The Future of Money
Most if not all of us can not ignore the mega trends that are impacting on all of our lives. Read more
The Future Of Money is a bold and ambitious attempt to show how root-and-branch reform of the global monetary system can help to solve some of the most pressing problems facing the... Read morePublished on 4 May 2004 by Mr. G. P. D. Ingram
I do not have a background in finance or economy, and I still understood what was said. Fun to read with interesting general knowledge points. Read morePublished on 20 Mar. 2002