Creditary economics is a broad and inclusive term for all theories of economics and political economy that drastically de-emphasize or deny altogether a role for debt and assumptions of fixed yield for such financial capital instruments. These theories usually emphasize a role for local currency, especially in keeping a service economy functioning normally even during national or global depression. Economics (deriving from the Greek words οίκω [oeko], house, and νέμω [nemo], distribute) is the social science that studies the allocation of scarce resources through measurable variables. ... Political economy was the original term for the study of production and the relationships of buying and selling and their relationship to laws, customs and government. ... Debt is that which is owed. ... The yield of a financial instrument, usually a debt or other fixed income instrument, is the amount the holder is paid each year for leaving his or her money invested in that instrument. ... Financial capital, or economic capital, is any liquid medium or mechanism that represents wealth, or other styles of capital. ... In economics, a local currency is a currency not backed by a national government, and intended to trade only in a small area. ... Service economy can refer to one or both of two recent economic developments. ... A recession is usually defined in macroeconomics as a fall of a countrys Gross National Product in two successive quarters. ...

In neoclassical economics, nation-states are presumed to control and administer natural capital and human capital, and to grant credit according to a money supply system that reflects anticipated yield of these in financial capital under globalization. Neoclassical economics is the grouping of a number of schools of thought in economics. ... -1... Natural capital refers to the mineral, plant, and animal formations of the Earths biosphere when viewed as a means of production of oxygen, water filter, erosion preventer, or provider of other natural services. ... Human capital is a way of defining and categorizing peoples skills and abilities as used in employment and otherwise contribute to the economy. ... There are several variations of the meaning of the word credit, but they all relate to the central concepts of approval, praise, value, or confidence. ... Money supply (monetary aggregates, money stock), a macroeconomic concept, is the quantity of money available within the economy to purchase goods, services, and securities. ... The yield of a financial instrument, usually a debt or other fixed income instrument, is the amount the holder is paid each year for leaving his or her money invested in that instrument. ... Financial capital, or economic capital, is any liquid medium or mechanism that represents wealth, or other styles of capital. ... Globalization (or globalisation) is a term used to describe the changes in societies and the world economy that are the result of dramatically increased trade and cultural exchange. ...

Creditary economics challenges these assumptions, especially that global market values reflect local value of life or global value of Earth. This article needs cleanup. ... FUCKING BULLSHIT!! The value of life is an economic or moral value assigned to life in general, or to specific living organisms. ... In economics, value of Earth is the ultimate in ecosystem valuation, and important to value of life calculations. ...

Although the name emerged relatively recently and is associated to a degree with Henry Liu and others who refer to the G8 as "gang8", many predecessor theories and movements actually share these assumptions, while disagreeing on a great many elements of political economy: G-8 work session; July 20-22, 2001. ... Political economy was the original term for the study of production and the relationships of buying and selling and their relationship to laws, customs and government. ...

• Islamic economics which permits only joint venture investments
• Ecological economics and its successor human development theory
• Feminist economics and the more general Green economics which put a high premium both on nature's services to humanity and mother's services to children, neither of which has status in debt economics
• Global Resource Bank advocates who see the Earth as a commons

An important point of consensus among these is that debt reflects power relations that are incompatible with creativity, conservation of either energy or materials, and the integrity of natural capital, social capital and individual capital. Islamic economics is economics in the political context of Islam. ... A joint venture is a business relationship between two or more parties to undertake economic activity together. ... Investment is a term with several closely-related meanings in finance and economics. ... Ecological economics is a branch of economic theory, also known as human development theory or natural welfare economics, that assumes an inherent link between the health of ecosystems and that of human beings. ... Human development theory is an economic theory that merges older ideas from ecological economics, sustainable development, welfare economics, and feminist economics. ... Feminist economics is not a single study but more a set of observations by feminist ethicists, economists, political scientists and systems scientists, that womens traditional work (e. ... Green economics loosely defines a theory of economics by which an economy is considered to be component of the ecosystem in which it resides. ... Natures services is an umbrella term for the ways in which nature benefits humans, particularly those benefits that can be measured in economic terms. ... Human beings are defined variously in biological, spiritual, and cultural terms, or in combinations thereof. ... A male Caucasian toddler child A child (plural: children) is a young human. ... The Global Resource Bank is a monetary reform project which would tie the value of currency strictly to yield of natural capital. ... Earth, also known as the Earth or Terra, is the third planet outward from the Sun. ... Commons are any sets of resources that a community recognizes as being accessible to any member of that community. ... Consensus has two common meanings. ... Sociologists usually define power as the ability to impose ones will on others, even if those others resist in some way. ... One can define creativity as the mental phenomena, skills and/or tools capable of originating (and subsequently developing) innovation, inspiration or insight. ... Conservation may refer to the following: Conservation ethic in relation to preserving ecosystems Conservationist Conservation movement Conservation law of physics Conservation of energy Conservation of mass Conservation in genetics This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... Natural capital refers to the mineral, plant, and animal formations of the Earths biosphere when viewed as a means of production of oxygen, water filter, erosion preventer, or provider of other natural services. ... Social capital refers to the collective value of all social networks and the inclinations that arise from these networks to do things for each other, according to Robert Putnam, author of Bowling Alone and the concepts leading exponent (though not its originator). ... Individual capital comprises inalienable or personal traits of persons, tied to their bodies and available only through their own free will, such as skill, creativity, enterprise, courage, capacity for moral example, non-communicable wisdom, invention or empathy, non-transferable personal trust and leadership. ...

The term post-autistic economics is sometimes used by advocates of deeper monetary reform. This implies that debt economics is a form of autism. ... Monetary reform is accounting reform that reaches more deeply into banking central bank, money supply and monetary policy. ... In psychiatry, autism (called autistic disorder in the DSM) is considered a neurodevelopmental disorder that causes marked problems with social relatedness, communication, interest, and behavior. ...

Defenders of debt relations often argue that such measures as bankruptcy, debt relief, debt forgiveness, bailouts and deflation of major currencies serve to relieve the problems associated with most debt relations - and that these can continue to be managed on a case-by-case basis. Detractors tend to respond that these are "band-aid measures" and that the continuing race to the bottom in environment, labour and social welfare services is due in the main to debt relations. Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. ... Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. ... In rebreather underwater breathing sets, a bailout is a second (usually open-circuit) supply of air or other breathing gas to help the diver to reach safety if his main breathing set fails. ... In economics, deflation is a decrease in the general price level, or a rise in the purchasing power of money with respect to a large class of goods or services. ... In comparisons of regulation, a race to the bottom is said to occur when competition between nations (over investment capital, for example) leads to the rapid dismantling of regulatory standards. ... Labor law or labour law is the body of laws, administrative rulings, and precedents which address the relationship between and among employers, employees, and labor organizations, often dealing with issues of public law. ...

Furthermore, begging to bankers in foreign nations for "forgiveness" is seen by most nationalists as humiliating, particularly if odious debt incurred by some former dictator is involved. Many see this processing of granting credit and forgiving debt as a form of imperialism and racism, which keeps local economies in service to global militarism. For other uses, see Bank (disambiguation). ... Forgiveness has been described as a quality by which one ceases to feel resentment against another for a wrong he or she has committed against oneself. ... Quote: -Albert Einstein Nationalism is an ethno-political ideology that sustains the concept of a nation-identity for an exclusive group of people. ... Odious debt is debt which is incurred by a regime for purposes which do not serve the interest of the state. ... Dictator was the title of a magistrate in ancient Rome appointed by the Senate to rule the state in times of emergency. ... A cartoon portraying the British Empire as an octopus, reaching into foreign lands Imperialism is a policy of extending the control or authority over foreign entities as a means of acquisition and/or maintenance of empires, either through direct territorial or through indirect methods of exerting control on the politics... An African-American drinks out of a water cooler designated for use by colored patrons in 1939 at a streetcar terminal in Oklahoma City. ... Militarism is the philosophical belief in which militaries (armies or navies) should control the country and whatever they do theyre causing good to the country. ...

Marilyn Waring for instance contrasted the value placed on the service done to society by mothers hauling water, gathering firewood, and raising children, to that placed on military "work", which in many countries is engaged in guarding capital assets used to generate financial capital to pay off foreign debt. In effect, women's work was considered worthless as it did not directly generate hard currency or seem to provide any means of protection to capital assets that did. This is contrary to the long-term interests of the child, mother, or whole society, she argued. She accused the still-standard UN measures of national income of guaranteeing uneconomic growth. Some people joke that she may be the only individual on Earth who has actually read the UN standards, which run to an entire wall of documentation. Marilyn Waring (born 1952) is a renowned New Zealand feminist and activist for female human rights author and academic. ... In accounting, a capital asset is an asset that is recorded as capital - that is, property that creates more property, e. ... Financial capital, or economic capital, is any liquid medium or mechanism that represents wealth, or other styles of capital. ... ). External debt is the part of a countrys debt owed to creditors outside the country. ... Hard currency, in economics, refers to a currency in which investors have confidence, such as that of a politically stable country with low inflation and consistent monetary and fiscal policies, and one that if anything is tending to appreciate against other currencies on a trade-weighted basis. ... A means of protection is some contract or guarantee of security for body or property. ... In accounting, a capital asset is an asset that is recorded as capital - that is, property that creates more property, e. ... Measures of national income and output are used in economics to estimate the value of goods and services produced in an economy. ... The neutrality of this article is disputed. ...

See also

• Debt-free Money
• list of economics topics
• list of finance topics
• list of ethics topics