American Journal of Economics and Sociology最新文献_第2页

Innovative Field Experiments: Regional Currencies With Built-In Negative Interest 创新领域实验：具有内在负利率的区域货币

IF 1.8 4区经济学

American Journal of Economics and Sociology Pub Date : 2026-09-09 Epub Date: 2026-05-07 DOI: 10.1111/ajes.70050

Christian Gelleri

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引用次数: 0

Begetting Silvio Gesell in the Modern Economy: A Marriage of Frederick Soddy and Kenneth Boulding 现代经济中西尔维奥·格塞尔的诞生：弗雷德里克·索迪和肯尼斯·博尔丁的婚姻

IF 1.8 4区经济学

American Journal of Economics and Sociology Pub Date : 2026-09-09 Epub Date: 2026-03-27 DOI: 10.1111/ajes.70035

Ahmed Anwar

引用次数: 0

Silvio Gesell on Money: The Problem and the Solution 西尔维奥·格塞尔谈金钱：问题与解决之道

IF 1.8 4区经济学

American Journal of Economics and Sociology Pub Date : 2026-09-09 Epub Date: 2026-04-09 DOI: 10.1111/ajes.70045

Josh Sidman

{"title":"Silvio Gesell on Money: The Problem and the Solution","authors":"Josh Sidman","doi":"10.1111/ajes.70045","DOIUrl":"https://doi.org/10.1111/ajes.70045","url":null,"abstract":"<div>\u0000 \u0000 <p>Most discussions about money begin by identifying three core functions that money performs—i.e., <i>medium of exchange</i> (MoE), <i>unit of account</i> (UoA) and <i>store of value</i> (SoV). Silvio Gesell's revolutionary insight was that the MoE and SoV functions are inherently incompatible. Regardless of the specific design of money—whether backed by gold, unbacked fiat or crypto—any form of money that is intended to be used as a vehicle for saving will systematically fail to perform the MoE function. As Gesell put it, “money cannot be… simultaneously spur and brake.” If we must choose between money's functions—and Gesell told us we must—clearly the MoE function is the one we should choose, since it is the fundamental precondition of an advanced <i>division of labor</i> system, upon which all of our lives depend. Therefore, Gesell said, including the SoV function in money's design is a fundamental mistake that gives rise to a variety of harmful consequences. After laying out a clear, logical analysis explaining how this flaw in the design of money is the root cause of problems including poverty, ever-increasing wealth inequality, inflation and deflation and recurring economic crises—Gesell offered a simple yet radical solution: “I therefore propose a complete separation of the medium of exchange from the medium of saving.” His proposed methodology for accomplishing this is <i>demurrage</i>—a planned, consistent, gradual decline of the purchasing power of money. The purpose of this reform is to make money unsuitable for use as a vehicle for saving and thereby make it a reliable MoE that will perform its essential function without causing all of the aforementioned problems. He explained how doing so will completely transform the economy, finally allowing the free-market system to deliver on its promises of robust wealth creation, equitable distribution of wealth and economic stability.</p>\u0000 </div>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"85 4","pages":"429-439"},"PeriodicalIF":1.8,"publicationDate":"2026-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148909887","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Private Land Ownership: Tax or Socialize? 土地私有制：税收还是社会化？

IF 1.8 4区经济学

American Journal of Economics and Sociology Pub Date : 2026-09-09 Epub Date: 2026-03-20 DOI: 10.1111/ajes.70033

Dirk Loehr

{"title":"Private Land Ownership: Tax or Socialize?","authors":"Dirk Loehr","doi":"10.1111/ajes.70033","DOIUrl":"https://doi.org/10.1111/ajes.70033","url":null,"abstract":"<p>This study compares the land reform concepts of Henry George and Silvio Gesell, both of whom rejected private appropriation of land rent as unjust. While George proposed to “hollow out” private land ownership through a comprehensive land value tax, Gesell aimed at full socialization of land combined with lease auctions and compensation of former owners through interest-bearing government bonds, embedded within his “free money” system. Gesell's approach represents a radical systemic reform requiring public ownership and involving high administrative costs, whereas George's model is incremental and tax-based but faces unresolved valuation and constitutional problems. The article highlights practical obstacles to both approaches, such as administrative complexity, auction distortions, and the integration of property taxation into multi-level fiscal systems. It also discusses the further development of the approaches, including conceptual tenders and self-assessment of land values. Ultimately, it concludes that a forward-looking land regime should combine elements of both thinkers—Gesell's socialization principles for high-value urban land and George's land value taxation for peripheral areas—while re-examining the doctrinal foundations of property law to achieve a just, sustainable, and institutionally coherent land order.</p>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"85 4","pages":"455-461"},"PeriodicalIF":1.8,"publicationDate":"2026-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ajes.70033","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148909844","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Strange? Unduly Neglected? Prophet? 很奇怪吗?过度被忽视?先知?

IF 1.8 4区经济学

American Journal of Economics and Sociology Pub Date : 2026-09-09 Epub Date: 2026-05-05 DOI: 10.1111/ajes.70053

Josh Sidman

引用次数: 0

Is There a Growth Imperative Inherent in Our Financial System? 我们的金融体系中是否存在增长的内在必要性？

IF 1.8 4区经济学

American Journal of Economics and Sociology Pub Date : 2026-09-09 Epub Date: 2026-03-24 DOI: 10.1111/ajes.70036

Felix Fuders, Milagros Guerrero

引用次数: 0

IF 1 4区经济学