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The Economics of ‘Spontaneous’ Plan Coordinated Growth under the Decentralised Money and Banking Alternative

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  • Robert Wutscher

Abstract

The structure of the banking system has imposed significant costs on the public. In particular, the operations of central banks as regulators of the monetary system have increased long run inequality and underlying cyclical unemployment. Unlike the “Occupy” movement (which blamed individual bankers for problems), the issue is structural and much of the blame lies on the attempts of central banks to control inflation. A spontaneous plan coordinated cross-sector growth model under the alternative of productivity induced price deflation that will only work under a properly designed decentralised free banking system is introduced. This paper is foundational to an understanding of how the real economy would (actually) work (differently) under such a decentralised free banking system.

Suggested Citation

  • Robert Wutscher, 2025. "The Economics of ‘Spontaneous’ Plan Coordinated Growth under the Decentralised Money and Banking Alternative," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 17(3), pages 1-17, March.
    • Handle: RePEc:ibn:ijefaa:v:17:y:2025:i:3:p:17
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    References listed on IDEAS

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    1. Aghion, Philippe & Bolton, Patrick & Dewatripont, Mathias, 2000. "Contagious bank failures in a free banking system," European Economic Review, Elsevier, vol. 44(4-6), pages 713-718, May.
    2. M. A. Hudson, 1965. "Ricardo On Forced Saving," The Economic Record, The Economic Society of Australia, vol. 41(94), pages 240-247, June.
    3. Robert Wutscher, 2024. "The economics of decentralized money and banking," SN Business & Economics, Springer, vol. 4(11), pages 1-25, November.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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