An introduction to transfinancial economics
Robert Searle has been working for quite a long time on a wiki page at the p2p foundation, concerning an integrated view of an alternate economic system.
Here’s the introduction:
“Transfinancial Economics,or TFE is an emerging global paradigm for economic and financial reform. It is concerned with the possible introduction of a Non-Debt Based Economy which would be free of taxation, and interest on credit. It could replace the present Debt-Based Economy which ofcourse has taxation, and interest. However, the Non-Debt Based Economy could lead to a degree of inflation ofcourse but it could be directly, and easily contained with the use of advanced technology if necessary.
At the present time there are huge growing global problems. These include food security, poverty alleviation, population growth, and most notably global warming which if largely unchecked could lead to gargantuan economic costs, and massive loss of life.
Though there is arguably more than enough money to change the world the problem lies with legal access to it. In TFE this situation is remedied, and facilitated. It can work with the vested interests notably banks, and corporations in such as way to bring about mass environmental sustainability, and even a high degree of global justice.
Though ofcourse capital in itself is not the complete answer to the problems of the world it is at the basis of many of them. Thus, our present financial/economic system needs to be urgently addressed, and reformed into something more advanced, and beneficial.
TFE can be viewed as a very advanced form of Heterodox Economics. It may well one day replace, or rather modify out-dated Neo-Classical Economics which still dominates academia, and the policy making of many governments in the developed world, and elsewhere. “
