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GOOD
MORNING.
‘The first man who, having fenced in a piece of land, said
"This is mine," and found people naïve enough to believe
him, that man was the true founder of civil society. From
how many crimes, wars, and murders, from how many
horrors and misfortunes might not any one have saved
mankind, by pulling up the stakes, or filling up the ditch,
and crying to his fellows: Beware of listening to this
impostor; you are undone if you once forget that the fruits
of the earth belong to us all, and the earth itself to
nobody’.
Jean-Jaques Rosseau, Discourse on Inequality (1854)
WHAT IS
ECONOMICS?
“economy in general [is] the art of providing for all the
wants of a family, [so the science of political economy]
seeks to secure a certain fund of subsistence for all the
inhabitants, to obviate every circumstance which may
render it precarious; to provide every thing necessary for
supplying the wants of the society, and to employ the
inhabitants ... in such manner as naturally to create
reciprocal relations and dependencies between them, so
as to supply one another with reciprocal wants.”
James Stuart, 1767
“(..) study of mankind in the
ordinary business of life.”
Alfred Marshall (1842-1924)
• Economic
Phenomena
• Economic
events

• Management

• Financial
Decisions
• Material
things
• Money

In “O que é a Economia?”
João César das Neves
9
The nomos comes always
and ONLY after the logos…
Satish Kumar
Property

Value

Metrics &
Goals
C1:

Freedom
Market
Private

C5:

Central control
Market
Private

C2:

Freedom
Planned
Private

C6:

Central Control
Planned
Private

C3:

Freedom
Market
Public

C7:

Central control
Market
Public

C4:

Freedom
Planned
Public

C8:

Central Control
Planned
Public

Plutocracy

‘Small is Beautiful’, (1971) E.F. Schumacher
H

FMA

:Any system that promotes and/or gives

the possibility of continuous concentration
and
acumulation
of
power
(Political, Economic, Environmental, Knowledg
e, Spiritual) is inherently and inevitably
UNSUSTAINABLE.
The system is not
BROKEN..it is
working at its BEST!
Private Property
Small firms

Common Property
Cp-ops; Mutuals; Trust
State; International ORG
Bens
Internacional

Economia Não-contabilizada

Euro; Dolar; Libra

Economia contabilizada

Nacional

Regional

Freecycle
Moedas
Local
LOCAIS

Sistemas deBancos
pontos/Créditos
BARTER
do
Tempo

Serviços

19
Kwh/Currency
Dinheiro & Democracia

97%

ISG, 22 Abril 2013
Dinheiro & Democracia

ISG, 22 Abril 2013
Dinheiro & Democracia

ISG, 22 Abril 2013

Fonte: Banco de Portugal
Dinheiro & Democracia

1. BOOM & BUST Cyles

ISG, 22 Abril 2013
Dinheiro & Democracia

ISG, 22 Abril 2013

Que percentagem dos empréstimos bancários vão para as
Empresas, para a economia real produtiva?

A: 8%

C: 43%

B: 22%

D: 68%
Positive
Interest
money

• Acumulation
• Short-term
inv

Free
interest
money

Negative
interest
money

•M3
• Controle

• Circulation
• Medium/Long
term inv.
26
Central
bank
Comercial

Bank

27
Tabela:[5] Sistema de empréstimo com reserva fracionada, passando por 10 ciclos com uma taxa de reserva em 20%[2][6][7]

banco individual

quantidade depositada

quantidade emprestada

reservas

A

100

80

20

B

80

64

16

C

64

51.20

12.80

D

51.20

40.96

10.24

E

40.96

32.77

8.19

F

32.77

26.21

6.55

G

26.21

20.97

5.24

H

20.97

16.78

4.19

I

16.78

13.42

3.36

J

13.42

10.74

2.68

K

10.74
reservas totais:
89.26

total depositado:

total emprestado:

reservas totais + a ultima quantidade depositada:

457.05

357.05

100

dinheiro comercial criado + dinheiro do banco central:

dinheiro do banco comercial criado:

dinheiro do banco central:

457.05

357.05

100

28
GDPMANIA
Re-DESIGN our Economic system..
 Appropriate SCALE and FUNCTION.
 Respect the laws of termodynamics,
physics, as well as the natural laws which
bound human behaviour based on
empirical experience and a holistic
vision.

 Principles NOT DOCTRINES.

32

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