Joseph Huber (economist)

Joseph Huber (* November 4, 1948 in Mannheim ) is a German economist and social scientist. He developed the concept of the full economic monetary money.

Life and works

Huber studied sociology in Heidelberg and Bochum as well as economics and political science at the Free University of Berlin. After his habilitation in 1981, he worked as a journalist and political consultant for domestic and foreign addresses, before he received the 1992 Department of Economic and Environmental Sociology at the Martin Luther University in Halle.

Joseph Huber has emerged with various works, including contributions to the concept of the dual economy ( formal and informal sector of the economy and labor) and the approach of ecological modernization of technical and social innovations.

2001 Huber gave a lecture on " Seigniorage Reform and Plain Money" ( " seigniorage reform and full of money " ), and developed the whole money concept further. Huber criticized the reserve system because there can commercial banks on multiple creation of money many times generate credits towards their reserves. The central bank would thus control largely lost over the money supply and thus the money shelf since M1 would represent 85 % of the money supply. In addition, the creation of money income ( seigniorage ) would remain less the cost of administrative and transaction costs for the banks, instead of as in his concept in the public sector, which would have only the central bank profits today. The result was the development of cashless payments and ICT forms of payment. The central banks would, at least compensatory turn to the interest rate policy in an attempt to channel the money supply growth, although they According to Huber, the money supply is slipped.

Huber's model of plain money reform would consist of two parts, which would be mutually dependent. First, the restoration of state money and shelf flow from it to end seignorage. Second, the conversion of Giro in money market accounts, which would make it " full legal tender ", full of money.

According to Huber, the grand prize winner of a full monetary reform the public sector and, according to his intention, the taxpayers would be. According to Huber will allow the state budget can be rehabilitated and other economic benefits for the community at large, in the form of increased equity base and an increased investment, economic and employment levels. But is full of money "is not a contribution to the phase-out of interest-based economy ".

According to Hans Christoph Binswanger would receive in this whole money concept the central bank's control over the deposit money. Commercial banks would thus only manage current accounts, as now in the securities account. This would allow banks have stopped lending. Thus, the central bank could reduce economic growth, without that the existing system collapses the same. Binswanger sees in the concept of an approach, not to have to bail out the banks. Banks could only forgive so much credit, as might have been received as of the central bank, central banks which received more responsibility. The central bank would thus have gained an enormous amount of power gain over a central bank 's minimum reserve system and controlled the entire money market analogous to a centrally planned economy.

Writings

  • Who should change all that. The alternatives of the alternative movement. Red Book, Berlin 1980, ISBN 3-88022-229-0.
  • The lost innocence of ecology. Fischer, Frankfurt am Main 1982, ISBN 3-10-034103-1.
  • The two faces of work. Fischer, Frankfurt am Main 1984, ISBN 3- 10-034104 -X,
  • Prevail and tendons. Cultural dynamics of the West. Beltz, Weinheim, 1989, ISBN 3-407-85093- X.
  • Full money. Duncker & Humblot, Berlin 1998, ISBN 3-428-09526- X.
  • James Robertson: Creating New Money. A monetary reform for the information age. New Economics Foundation, London 2002, ISBN 1-899407-29-4 ( online ).
  • General environmental sociology. 2nd edition. VS, Wiesbaden 2011, ISBN 978-3-531-17872-1.
  • New Technologies and Environmental Innovation. Elgar, Cheltenham 2004, ISBN 1-84376-799-6.
  • GG scenario. 159 items for a new social contract. Edition Book Guild, Frankfurt am Main 2005, ISBN 3-936428-51-4.
  • James Robertson: money creation in the public sector. Towards a just monetary system in the information age. Gauke, Kiel 2008, ISBN 978-3-87998-454-1 ( revised German edition of Creating New Money. A monetary reform for the information age).
  • More and more education. Future investment or progressive illusion? Metropolis, Marburg 2009, ISBN 978-3-89518-731-5.
  • Monetary Modernization: The Future of Money order. 2nd edition. Metropolis, Marburg 2011, ISBN 978-3-89518-873-2.
Münzregal Equity (finance) James Robertson (activist) Integrated Authority File
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