WORLD FINANCIAL STABILITY AND DIVERSIFICATION OF CURRENCIES
Abstract
Fundamental laws govern all complex flow systems, including natural ecosystems, economic and financial systems. Natural ecosystems are practical examples of sustainability: enduring, vital, adaptive. The sustainability of any complex flow system can be measured with a single metric as emergent property of its structural diversity and interconnectivity; it requires a balance in emphasis between efficiency and resilience. The urgent message for economics from nature is that the monoculture of national currencies, justified on the basis of market efficiency, generates structural instability in our global financial system. Economic sustainability therefore requires differentiation in types of currencies, specifically through complementary currencies.
About the Authors
Bernard Lietaer
Center for Sustainable Resources, University of California, Berkeley, USA
Russian Federation
Russian Federation
Research Fellow, Center for Sustainable Resources, University of California, Berkeley, USA, Visiting Professor, Finance University under RF Government
Robert E. Ulanovicz
Center for Environmental Science, University of Maryland, Solomons, USA
Russian Federation
Collaborator, Center for Environmental Science, University of Maryland, Solomons, USA
Russian Federation
Collaborator, Center for Environmental Science, University of Maryland, Solomons, USA
Sally J. Goerner
Integral Science Institute, Chapel Hill, NC, USA
Russian Federation
Collaborator, Integral Science Institute, Chapel Hill, NC, USA
Russian Federation
Collaborator, Integral Science Institute, Chapel Hill, NC, USA
Nadia McLaren
Union International Associations (UIA), Brussels, Belgium, Global Action Plan (GAP), Stocksund, Sweden
Russian Federation
Russian Federation
Collaborator, Union International Associations (UIA), Brussels, Belgium, Global Action Plan (GAP), Stocksund, Sweden
Y. V. Abramov
academician of the map
Russian Federation
The translation from English, candidate of technical Sciences, academician of the map
Russian Federation
The translation from English, candidate of technical Sciences, academician of the map
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Review
For citations:
Lietaer B., Ulanovicz R., Goerner S., McLaren N., Abramov Y. WORLD FINANCIAL STABILITY AND DIVERSIFICATION OF CURRENCIES. MIR (Modernization. Innovation. Research). 2011;2(1(5)):36-48. (In Russ.)
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