Theology of Money Paperback

by Philip Goodchild

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Theology of Money

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Goodchild examines the theory of money in a comparable manner to Adam Smith, Karl Marx and Georg Simmel. However by contrast to the conclusions of these thinkers, he proposes that money is essentially created in excess of reserves, making it a simultaneous credit and debt. Since money is a debt that must be repaid with interest in the form of money, then the creation of money imposes a social demand for an increase in profit and an increase in the creation of money in order to repay debt. This vicious circle drives the expansion of the global economy. In summary, Goodchild argues that money is a promise, a supreme value, a transcendent value and an obligation or a law. He argues that money has taken the place of God. It is the dominant global religion in practice, even if no one believes in it in principle.

Theology of Money by Philip Goodchild was published by SCM Press in October 2007 and is our 37670th best seller. The ISBN for Theology of Money is 9780334041429.

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Details for Theology of Money

Author / Artist
Book FormatPaperback
PublisherSCM Press (October 2007)
Number of Pages277
Thickness15 mm
Height234 mm
Width156 mm
Product Code1117156
Page last updated 16th February 2019
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