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I am a semi-retired self employed business owner who designs and builds instruments and machines. Obtained a BS in Sociology (with minors in Physics and Math) in the 1960's and became interested in studying the structural violence built into our social, political and economic systems as an avocation.
Monday, May 4, 2015(8 comments)
Seigniorage, Its relation to Justice, Trust and Commitment
Seigniorage is something that usually only policy wonks talk about, but if we want to discuss money as a justice issue, it is a pivotal concept that needs a more general understanding.
What we propose to do is go beyond the standard definition to describe and discuss the function of seigniorage in trade. We will find that it functions in very different ways, according to the way money is organized.