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By the Nobel prize-winning chemist Frederick Soddy on monetary policy and society and the role of energy in economic systems. Soddy criticized the focus on monetary flows in economics, arguing that real wealth was derived from the use of energy to transform materials into physical goods and services. Soddy's economic writings were largely ignored in his time, but would later be applied to the development of ecological economics in the late 20th century
Since money was invented, there has been a debate about better ways of creating it and better rules to govern how it works - until the last generation, when it began to seem that the money system had been handed down by God and remained unchanged ever since. But the last few years have seen an increasingly powerful resurgence of interest in changing the system fundamentally, and bringing the monetary trends that affect all our lives under our control. Few realize that the debate has roots and a tradition, covering mainstream economists like Keynes and Hayek, statesmen like Lincoln, entrepreneurs like Ford and Soros, as well as the imaginative mavericks behind local currencies and e-money. This volume collects together some of their most influential writings to provide a handbook on a vital train of ideas, and a guide to a debate on changing money that is becoming increasingly important.
The Collected Works of Wyndham Lewis brings together for the first time all of the published writings of Wyndham Lewis (1882-1957), a major contributor to literary modernism and one of the most important British painters of the first half of the twentieth century. This is the first comprehensive edition of Time and Western Man, with explanatory notes, previously unpublished drafts, a history of composition, and an account of its critical reception. Originally published in 1927, Time and Western Man is one of Lewis's most important books, and a pioneering work of cultural criticism. It contains scathing criticism of his fellow modernist writers, Ezra Pound, James Joyce, and Gertrude Stein. The second part of the book analyses and attacks the philosophy of 'Time', focusing especially on Henri Bergson, A. N. Whitehead, Samuel Alexander, and Oswald Spengler. Many of Lewis's most penetrating arguments are in the drafts that are printed in this edition for the first time.
In the current climate of dissatisfaction with "democratic" Western political and economic systems, this is a timely book that demonstrates a true political Third Way. Populism is distinguished from other political movements by its insistence on two things conspicuously missing from modern systems of political economy: genuine democracy based on local citizen assemblies, and the widespread distribution among the population of privately-owned economic capital. Fixing the System offers a comprehensive historical account of populism, revealing the consistent and distinct history of populism since ancient times. Adrian Kuzminski demonstrates that populism is a tradition of practice as well as thought, ranging from ancient city states to the frontier communities of colonial america-all places where widely distributed private property and democratic decision-making combined to foster material prosperity and cultural innovation. In calling for a wide distribution of both property and democracy, populism opposes the political and economic system found today in the united states and other Western countries, where property remains highly concentrated in private hands and where representatives chosen in impersonal mass elections frustrate democracy by serving private monied interests rather than the public good. As Kuzminski demonstrates, as one of very few systematic alternatives to today's political and economic system, populism, offers a pragmatic program for fundamental social change that deserves wide and serious consideration. Populism is a genuine "third way" in politics, a middle path between the extremes of corporate anarchy and collective authoritarianism. As America takes stock of her current situation and looks toward the future in the 2008 election year, Fixing the System offers a trenchant and timely study of this deep-rooted movement.