Makoto Nishibe Libros

The book explores a novel approach to institutional design, emphasizing the role of community currencies as adaptive solutions to economic challenges like financial instability and community decline due to globalization. It argues that diverse monetary institutions can coexist and thrive, offering a realistic alternative to conventional national financial systems. By framing community currencies as platforms that embody both economic and social values, the text highlights their potential to reshape market dynamics and foster noncapitalistic economic practices through an evolutionist institutional design perspective.

Focusing on the profound implications of globalization, the book explores Polanyi's three socioeconomic principles: exchange, reciprocity, and redistribution. It offers a coherent theoretical framework for understanding the evolution of market and capitalist economies, particularly how commodification has progressed through Marx's concept of the market's integration into community and state structures. This analysis provides a deep insight into the interconnectedness of economic systems and societal dynamics in the context of globalization.

Focusing on the evolutionary aspects of money and markets, this book offers a fresh perspective on their self-fulfilling and self-destructive characteristics. It critiques neoclassical general equilibrium theory, which overlooks the role of money in concentrated markets. Instead, it introduces an alternative theory that explores how a realistic "dispersive market" operates using money and inventory as buffers, creating a multilayered system for price and quantity adjustments.