The Economics of Transformation: A General Theory on Financing Our Global Commons, on Money and a Sustainable Development for the 21st Century

How can we transform our society? What is the role of finance in this process? The book will provide unconventional answers to these questions. Currently finance is still driving sustainability, but it should be the other way around: Sustainability should drive finance. Finance does not follow natural laws, but resembles conventions and reflects one of the most powerful leveragers to transform our society. This book provides multiple ’out of the box’ solutions for the financial and monetary sector to shift our society towards a more sustainable future. Finance is the ’missing link’ in the overall transformational process we are experiencing right now globally.

Cases studies, descriptive tables and graphs and a variety of additional material on ’how the monetary system works’ and ’how it should work’ support the idea of a new and upcoming General Theory on financing our planetary commons, on money and a sustainable development for the 21st century and provides a compelling argument for the ’cheapest of all worlds’.

This is the reader for scholars in the field, for politicians who have to make decisions, for bankers, investors and regulators who work in the financial sector and for everybody who has a bank account.

Professor Stefan Brunnhuber is a psychiatrist, chief medical officer and academic researcher and endowed chair specialising in psychology and sustainability. He is a trustee of the World Academy of Art and Science and a member of the European Academy of Sciences and Arts, the Club of Rome and the German Free Democratic Party (FDP), and currently serves on the German government’s Sustainable Finance committee. He has over 500 publications and lectures to his name and more than 25 years’ hands-on experience in the fields of finance and sustainability. Contact: www.stefan-brunnhuber.de