Rethinking Income and Money
Incorporating Technology into Economic Theory
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Beschreibung
“Just the book to replace old failed economic thinking with fresh ideas about the income and investment we need.” – Neal Lawson, Executive Director, Compass
“A novel and interesting approach to some fundamental economic questions.” – Vince Cable, Secretary of State for Business, Innovation and Skills 2010-2015
”A bold and necessary re-examination of contemporary economic paradigms, addressing critical issues of income inadequacy, debt dependency, and the transformative role of technology.” – Saite Lu, Mead Fellow and Director of Studies in Economics, Emmanuel College, Cambridge
“One of today’s most provocative economic thinkers.” – Stewart Lansley, author of The Richer, The Poorer
”A distinctive voice in monetary theory and social policy debates.” – Malcolm Torry, Visiting Fellow, Institute for Policy Research, University of Bath
“Geoff Crocker courageously explores the relationship between income, money and technology in this well-documented and well-argued book.”– Slavo Radosevic, Professor of Innovation Studies, University College London
This Palgrave Pivot is immensely relevant to current policy debates on poverty, welfare policy, monetary policy, and the impact of automation. Geoff Crocker offers a radical re-interpretation of economic theory, specifically of income, money, and technology.
The book explores alternative economic paradigms, focusing on the urgent need to get adequate income to all households, whilst reducing national debt. Technology is essential for the understanding of economic outcomes, since consumption, production, employment, distribution, and transactions all shift radically with technological change. Major policy proposals include hybrid welfare schemes with reduced conditionality, an element of universal income, and a proposal for direct money financing of government expenditure, all without stoking inflation.
This book will appeal to economists, policy analysts, economic journalists, and others who are interested in radical restructuring of the economy.
Geoff Crocker graduated in economics, followed by a master’s degree in the philosophy of science. He worked internationally in industry strategy for more than 25 years. His previous books include A Managerial Philosophy of Technology (Palgrave 2012) and Basic Income and Sovereign Money: The Alternative to Economic Crisis and Austerity Policy (Palgrave 2020).
This Palgrave Pivot is immensely relevant to current policy debates on poverty, welfare policy, monetary policy, and the impact of automation. Geoff Crocker offers a radical re-interpretation of economic theory, specifically of income, money, and technology.
The book explores alternative economic paradigms, focusing on the urgent need to get adequate income to all households, whilst reducing national debt. Technology is essential for the understanding of economic outcomes, since consumption, production, employment, distribution, and transactions all shift radically with technological change. Major policy proposals include hybrid welfare schemes with reduced conditionality, an element of universal income, and a proposal for direct money financing of government expenditure, all without stoking inflation.
This book will appeal to economists, policy analysts, economic journalists, and others who are interested in radical restructuring of the economy.
Analyses the impact of technology on the economy, specifically how automation leads to low household incomes Shows how the processes of money creation and debt-funded government expenditure can be redefined Critiques mainstream economic theory and proposes policies to raise low household incomes and reduce government debt
Autor*in
Geoff Crocker
Themen in »Rethinking Income and Money«
Technology Economic theory Monetary policy Austerity Poverty Technology theory Heterodox economics Quantitative easing Debt Green technology Income floor Direct money financing
Stimmen zu »Rethinking Income and Money«
“Rethinking Income and Money is just the book we need to replace old failed economic thinking with fresh ideas about the income and investment our society is going to need in these chaotic and volatile times.” (Neal Lawson, Executive Director, Compass think tank)
“This book is a novel and interesting approach to some fundamental economic questions by someone who has been a business practitioner as well as a thinker.” (Vince Cable, Secretary of State for Business, Innovation and Skills 2010-2015, Leader of the Liberal Democrats 2017-2019)
“Geoff Crocker's Rethinking Income and Money presents a bold and necessary re-examination of contemporary economic paradigms, addressing critical issues such as income inadequacy, debt dependency, and the transformative role of technology. This timely analysis challenges traditional views on welfare policy and the nature of money. Crocker not only redefines the economic discourse but also provides actionable policy solutions to adapt to a technology-driven future.” (Saite Lu, Mead Fellow and Director of Studies in Economics, Emmanuel College, Cambridge)
“Geoff Crocker is one of today’s most provocative economic thinkers. His heterodox ideas will generate debate, but given the state of Britain’s economy, his diagnosis and solutions must be taken seriously.” (Stewart Lansley, author of “The Richer, The Poorer: How Britain Enriched the Few and Failed the Poor, A 200-Year History”)
“For twenty years Geoff Crocker has been a distinctive voice in monetary theory and social policy debates, and it is a pleasure to see ideas previously canvassed in a wide variety of presentations and publications evolve further in this thoroughly researched new book.” (Malcolm Torry, Visiting Fellow, Institute for Policy Research, and editor of “The Palgrave International Handbook of Basic Income”)
“In a rapidly changing world, extant economic concepts must be put under scrutiny on a regular basis to ensure that they are still applicable and useful in research and application. Geoff Crocker’s book invites experts and interested laypersons to do so.” (Albrecht Fritzsche, Full Professor and Research Director at IEDC - Bled School of Management; lead editor of “Rethinking Technology” and “Engineering and Innovating in the Open Lab”)
“Geoff Crocker has been a valued critical friend in our work in ideas, economics and cities. We’ve learned much from his work. His new book provides both detailed analysis of where we are and – built on this experience – a guide to make economic thinking and policy better in the years to come.” (Andrew Kelly, Founder and Director, Festival of Ideas, Bristol)
“Geoff Crocker courageously explores the relationship between income, money and technology in this well-documented and well-argued book. His knowledge and original thinking on these issues are impressive. If you are interested in the contemporary macroeconomic issues of debt, money, basic income, and the role of technology, this book is your essential reading. It will put you in the core of debate, inform and provoke.” (Slavo Radosevic, Professor of Innovation Studies, University College London)
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