Eigentum, Zins und Geld

Property, interest, and money have been a puzzle for established economics to this day. No representative of the prevailing doctrine has been able to convincingly explain how the exchange of goods, from which everything economic is derived, actually produces money. Gunnar Heinsohn and Otto Steiger solve these riddles by turning the accepted teaching on its head. They advocate for a paradigm shift: it is not exchange, but property that is the origin of all economic activity; interest and money are its firstborn offspring. Where property is absent or abolished, there is no economy, only production. By explaining and theoretically grounding how our economy truly functions for the first time, the authors lay a new foundation for economic theory and economic policy.