Wealth, Virtual Wealth and Debt
E734973
"Wealth, Virtual Wealth and Debt" is a 1926 economic treatise by Nobel laureate Frederick Soddy that critiques the monetary system and distinguishes real wealth from financial abstractions and debt.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Wealth, Virtual Wealth and Debt canonical | 1 |
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
book
ⓘ
economic treatise ⓘ |
| argues |
compound interest on debt can outgrow real productive capacity
ⓘ
debt-based money systems are inherently unstable ⓘ financial wealth is a claim on real wealth rather than wealth itself ⓘ real wealth consists of physical goods and services ⓘ |
| author | Frederick Soddy NERFINISHED ⓘ |
| countryOfOrigin | United Kingdom ⓘ |
| criticizes |
fractional reserve banking
ⓘ
private control of money creation ⓘ |
| critiques |
confusion between wealth and money
ⓘ
treatment of money as wealth in itself ⓘ |
| focusesOn |
credit creation by banks
ⓘ
critique of the monetary system ⓘ distinction between real wealth and financial abstractions ⓘ relationship between money and debt ⓘ |
| genre | non-fiction ⓘ |
| hasAuthorNobelPrizeField | chemistry ⓘ |
| hasAuthorNobelPrizeYear | 1921 ⓘ |
| hasConcept |
debt as a financial claim
ⓘ
money as a token system ⓘ real wealth ⓘ virtual wealth ⓘ |
| influenced |
ecological economics discourse
ⓘ
later monetary reform movements ⓘ |
| language | English ⓘ |
| notableFor |
distinguishing virtual wealth from physical wealth
ⓘ
early critique of debt-based money ⓘ linking thermodynamics concepts to economics ⓘ |
| positionInAuthorCareer | later economic work of Frederick Soddy ⓘ |
| proposes |
linking money more closely to real wealth
ⓘ
reform of the monetary system ⓘ |
| publicationYear | 1926 ⓘ |
| relatedTo |
social credit movement
NERFINISHED
ⓘ
sovereign money proposals ⓘ |
| relatedWorkByAuthor |
Cartesian Economics
NERFINISHED
ⓘ
The Role of Money NERFINISHED ⓘ |
| subject |
banking
ⓘ
debt ⓘ economics ⓘ financial system ⓘ monetary theory ⓘ money ⓘ wealth ⓘ |
| timePeriodDiscussed | early 20th century monetary system ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.