Cartesian Economics The Bearing of Physical Science Upon State Stewardship
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Sprache:Englisch
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Beschreibung
Produktdetails
Einband
Taschenbuch
Erscheinungsdatum
01.11.2012
Verlag
CosimoSeitenzahl
48
Maße (L/B/H)
20,3/12,6/0,7 cm
Gewicht
65 g
Sprache
Englisch
ISBN
978-1-61640-739-1
Soddy's main arguments are against the concepts of debt and wealth. He likens the economy to a machine, which must draw energy from outside itself and which cannot forever recycle that energy to create more energy. Similarly, economists posited that debt could produce more wealth, and thus fuel an economy. Soddy argued instead that debt destroyed wealth, eating it up until there was more debt in a society than wealth, making it unsustainable.
These lectures are poignant, and highly applicable to the economic situation at the beginning of the 21st century. They will interest burgeoning and seasoned economists yearning for a new perspective.
FREDERICK SODDY (1877-1956) was an English radiochemist and monetary economist most well-known for proving the existence of isotopes in various radioactive elements. He worked with physicist Earnest Rutherford to explain radioactivity, contributing to the discovery of nuclear technology. Soddy also wrote several books on the theory of political economy, which he based on his scientific background and knowledge. In 1921, Soddy was awarded the Nobel Prize for Chemistry. The lunar crater is named after him, as well as the uranium compound Soddyite.
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