AbstractMoneyless economy (MLE) does not have any money in the economy. All products and services are free for all people. This means everybody must work, work for free, and get everything they want for free also. Any work that a society needs is considered legitimate. MLE is not socialism. MLE has the ability to provide a lifestyle that anyone wants. We show that it is possible to run the exact same economy that we have now, in the exact same way, and without money. Any government of any country can make smooth transition to MLE if it so desires and is not afraid of money power that exists today in our society. MLE will eliminate poverty, crime, corruption, and wars from the world. MLE will protect environment, human values, and bring true democracy to all countries. In a sense MLE will bring heaven on earth. We should understand that the money is free, like air, for the central bank, thus in one sense we have MLE now. Similarly the earth as given to us is also free. Thus all we need to implement MLE is to change our mindset. We need MLE for the evolution of the society to the next higher level.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 39763.
Date of creation: 15 Jun 2012
Date of revision:
Money; Laws of nature; Moneyless economy; Central bank;
Find related papers by JEL classification:
- E0 - Macroeconomics and Monetary Economics - - General
- P0 - Economic Systems - - General
- K0 - Law and Economics - - General
- A1 - General Economics and Teaching - - General Economics
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- Nelson, Anitra, 2001. "The poverty of money:: Marxian insights for ecological economists," Ecological Economics, Elsevier, vol. 36(3), pages 499-511, March.
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