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418:. As debt compounding at some rate of interest, virtual wealth will grow effortlessly over time and without limit, instead of diminishing with use as does real wealth. Soddy uses actual occurring examples to demonstrate what he considers a major flaw of prevailing economic theory.
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In this book Soddy points out the fundamental difference between real wealth (consumables such as buildings, equipment, energy, food) and virtual wealth, in the form of money and debt. Soddy contends that real wealth is subject to
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and will rot, rust, wear out, or be consumed over time, while money and debt (as artificial accounting devices) are subject only to the laws of mathematics, not the laws of
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on monetary policy and society and the role of energy in economic systems. Soddy criticized the focus on monetary flows in
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Humanity's economic system viewed as a subsystem of the global environment
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Wealth, Virtual Wealth and Debt: The
Solution of the Economic Paradox
448:"Frederick Soddy and the Doctrine of 'Virtual Wealth'"
389:is a 1926 book by the Nobel Prize–winning chemist
216:International Society for Ecological Economics
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244:The Entropy Law and the Economic Process
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104:Index of Sustainable Economic Welfare
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479:, Opinion Section, April 12, 2009.
124:Sustainability, 'weak' vs 'strong'
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473:"Mr. Soddy’s Ecological Economy"
556:Books about wealth distribution
386:Wealth, Virtual Wealth and Debt
237:Wealth, Virtual Wealth and Debt
79:Ecological model of competition
405:Real wealth and virtual wealth
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16:1926 book by Frederick Soddy
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401:in the late 20th century.
265:Prosperity Without Growth
159:Nicholas Georgescu-Roegen
74:Ecological market failure
309:Environmental economics
64:Carbon fee and dividend
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169:E. F. Schumacher
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496:(19 November 2008).
399:ecological economics
324:Planetary boundaries
272:Ecological Economics
251:The Limits to Growth
119:Steady-state economy
34:Ecological economics
334:Sustainable finance
189:Richard B. Norgaard
184:Joan Martinez Alier
164:Kenneth E. Boulding
477:The New York Times
258:Small Is Beautiful
84:Ecosystem services
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539:The Role of Money
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149:Serhiy Podolynsky
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94:Energy accounting
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314:Externality
204:Clive Spash
199:Tim Jackson
179:Herman Daly
532:Faded Page
458:2008-12-31
434:References
502:Adbusters
395:economics
275:(journal)
550:Category
534:(Canada)
422:See also
294:Degrowth
57:Concepts
26:a series
24:Part of
412:entropy
142:People
229:Works
509:2014
492:and
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
