Chapters authored
From Money-Centered to People- and Planet-Centered Ledger Economics: Leveraging the Hidden Wealth of Underutilized Productive Capacity
This chapter introduces a for-profit way to repair persistent problems in free enterprise economics and commerce. Today, continuous advances in technology and human capabilities fail to produce a commensurate, across-the-board rise in the standard of living and quality of life for households and communities. Instead, win-lose competition over money and proliferation of competitive duplication put downward pressure on profits, wages and the purchasing power of families. Despite an ever-growing economic pie, everyone does not enjoy a secure income. This is a money issue, not a productivity issue. Eventually, so-called equilibrium is achieved when businesses downsize, merge and/or fail. But businesses fail while there are still unmet needs for their products and services revealing a missed business opportunity. An innovative alternative is to monetize and market currently underutilized productive capacity using a new form of business scrip termed Ledger Dollars (L$) L$ increase purchasing power within a cooperative network of business and community stakeholders. L$ are analogous to loyalty rewards—backed by unsold products and services—but reward more than consumer spending and enhance cooperation and eco-sustainability. Ledger Dollars constitute a new financial asset class designed to improve traditional fiat-centered economics and advance the now popular Triple-Bottom-Line of People, Planet and Profits.
Part of the book: Investment Strategies in Emerging New Trends in Finance
Financial Literacy Plus New Purchasing Power, How Ledger Economics Can End Poverty and Promote Continuous Economic Improvement
Financial Literacy plus new purchasing power can drive rapid and environmentally sustainable, local-to-global, economic development. Historically, new technologies promote new forms of money and commerce that usher in new economic eras. This chapter is for leaders and innovators in financial services and sustainable economic development. It reveals an emerging era of sustainable prosperity for all. The world can now eradicate centuries-old poverty and inequality at the pace of mobile apps and social media. The funding for this paradigm shift is a next-generation financial instrument and not higher taxes, deeper debt, or redistribution of wealth schemes. The chapter introduces the first token-less ledger currency that is distributed through a public Business-Community Wealth Ledger (BCWL). Dual Currency transactions integrate fiat currencies with wealth-backed ledger currencies, monetizing and mobilizing currently underutilized business resources and increasing profits for participating businesses.
Part of the book: Financial Literacy in Today's Global Market