Standard structure of money and monetary system by introducing ethical criterions: The Ethical Approach to production and creation Money

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FAEZI SEYED MOJTABA; SARLAK AHMAD; NADRI KAMRAN; MOUSAVI JAHROMI YEGANEH

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Journal: ECONOMIC STRATEGY Year:2019 | Volume:8 | Issue:30 Page(s): 71-104

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Title

Standard structure of money and monetary system by introducing ethical criterions: The Ethical Approach to production and creation Money

Author(s)

FAEZI SEYED MOJTABA | SARLAK AHMAD | NADRI KAMRAN | MOUSAVI JAHROMI YEGANEH | Issue Writer Certificate

Keywords

Fiat MoneyQ1

Fractional Reserve BankingQ1

Ethics of Money Production and CreationQ1

Ethical criterion of MoneyQ1

Honest MoneyQ1

Abstract

Conventional money and the current monetary system are the results of changes in the economic needs of humankind throughout history as well as the result of a major diversion in the transition of economic developments. The Triangle of Fiat Money, Fractional Reserve Banking, and the Monopoly of Production and Creation money by the Government or the Central Bank, and consequently the Banking System causes Creating Unlimited Liquidity (Super Currency), Government Debt Crisis, Stagnation, Inflation and Stagflation, the manipulation of value of money, currency wars between governments, injustice and its unfortunate social consequences, and uncertainty that indicates a lot of deficiencies in the standard currency and monetary system, as well as the need to review and create Honest Money. This research has taken a special place by using the ethics approach in the production and creation of money, which in recent decades has been a subset of the literature on ethics in economics as one of the missing links of economics, while historically inducing money and illustrating the process of monetary change Utilizing the method of historical materialism, Philosophical Realism, Ethical criterion of Honest Money, introduces a standard structure for money and the monetary system.

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APA: Copy

FAEZI, SEYED MOJTABA, SARLAK, AHMAD, NADRI, KAMRAN, & MOUSAVI JAHROMI, YEGANEH. (2019). Standard structure of money and monetary system by introducing ethical criterions: The Ethical Approach to production and creation Money. ECONOMIC STRATEGY, 8(30 ), 71-104. SID. https://sid.ir/paper/233882/en

Vancouver: Copy

FAEZI SEYED MOJTABA, SARLAK AHMAD, NADRI KAMRAN, MOUSAVI JAHROMI YEGANEH. Standard structure of money and monetary system by introducing ethical criterions: The Ethical Approach to production and creation Money. ECONOMIC STRATEGY[Internet]. 2019;8(30 ):71-104. Available from: https://sid.ir/paper/233882/en

IEEE: Copy

SEYED MOJTABA FAEZI, AHMAD SARLAK, KAMRAN NADRI, and YEGANEH MOUSAVI JAHROMI, “Standard structure of money and monetary system by introducing ethical criterions: The Ethical Approach to production and creation Money,” ECONOMIC STRATEGY, vol. 8, no. 30 , pp. 71–104, 2019, [Online]. Available: https://sid.ir/paper/233882/en

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