Sacred Economics, Revised: Money, Gift & Society in the Age of Transition

Sacred Economics, Revised: Money, Gift & Society in the Age of Transition

by Charles Eisenstein
Sacred Economics, Revised: Money, Gift & Society in the Age of Transition

Sacred Economics, Revised: Money, Gift & Society in the Age of Transition

by Charles Eisenstein


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Expanded and updated, Charles Eisenstein's classic treatise on capitalism, currency, and the gift economy.

This revised version traces the history of money, from ancient gift economies to modern capitalism, and includes new material on cryptocurrencies and emerging research that has come out since the book's original publication. Charles
Eisenstein shows how capitalism contributes to alienation, competition, and scarcity; destroys community; and necessitates endless growth at the cost of social and environmental devastation. Today, these trends have reached their extreme—and their collapse presents a golden opportunity to transition to a more connected, ecological, and sustainable way of being.

Eisenstein describes the deeper narratives beneath our economic system, and how we can reimagine it to align with a new story. Applying a broadly integrated synthesis of theory, policy, and practice, he explores avant-garde concepts of the New Economics, including negative-interest currencies, local economies, gift economics, cryptocurrencies, and the restoration of the commons. Tapping into a rich lineage of conventional and unconventional economic thought, Eisenstein presents a vision that is original yet commonsense, radical yet gentle, and increasingly relevant as the crises of our civilization deepen.

Product Details

ISBN-13: 9781623175764
Publisher: North Atlantic Books
Publication date: 02/16/2021
Pages: 520
Sales rank: 127,820
Product dimensions: 5.90(w) x 8.90(h) x 1.20(d)

About the Author

Charles Eisenstein is a teacher, speaker, and writer focusing on themes of civilization, consciousness, money, and human cultural evolution. His writings on the web magazine Reality Sandwich have generated a vast online following; he speaks frequently at conferences and other events, and gives numerous interviews on radio and podcasts. Eisenstein graduated from Yale University in 1989 with a degree in Mathematics and Philosophy, and spent the next ten years as a Chinese-English translator. The author of Sacred Economics (EVOLVER EDITIONS, 2011), he currently lives in Harrisburg, Pennsylvania.

Table of Contents

Introduction 1

Part I The economics of separation

Chapter 1 The Gift World 15

Chapter 2 The Illusion of Scarcity 31

Chapter 3 Money and the Mind 47

Chapter 4 The Trouble with Property 65

The Urge to Own 65

The Original Robbery 70

The Georgist Tradition 77

Chapter 5 The Corpse of the Commons 87

Cultural and Spiritual Capital 88

The Strip-Mining of Community 93

The Creation of Needs 97

The Money Power 107

Chapter 6 The Economics of Usury 113

An Economic Parable 115

The Growth Imperative 120

The Concentration of Wealth 124

Wealth Redistribution and Class Conflict 131

Inflation 139

Morefor You Is Less for Me 142

Chapter 7 The Crisis of Civilization 147

Chapter 8 The Turning of the Age 165

Money: Story and Magic 165

Humanity's Coming-of-Age Ordeal 172

Part II The economics of reunion

Chapter 9 The Story of Value 183

Chapter 10 The Law of Return 197

Chapter 11 Currencies of the Commons 209

Chapter 12 Negative-Interest Economics 227

History and Background 230

Modern Application and Theory 238

The Debt Crisis: Opportunity for Transition 254

Thinking for the Future 257

More for Me Is More for You 268

Chapter 13 Steady-State and Degrowth Economics 275

Sustainability Reconsidered 275

Transition to Steady State: Bump or Crash? 278

Shrinking Money, Growing Wealth 284

Disintermediation and the P2P Revolution 288

Chapter 14 The Social Dividend 295

The Paradox of Leisure 295

The Obsolescence of "Jobs" 300

The Will to Work 305

Who Shall Remove the Garbage? 312

Chapter 15 Local and Complementary Currency 319

The Cakh-22 of Local Currency 322

Time Banking and Mutual Credit 331

The Crypto Revolution 341

Chapter 16 Transition to Gift Economy 349

Chapter 17 Summary and Roadmap 363

1 Debt Cancellation 364

2 Negative-Interest Currency 369

3 Elimination of Economic Rents, and Compensation for Depletion of the Commons 371

4 Internalization of Social and Environmental Costs 372

5 Economic and Monetary Localization 374

6 The Social Dividend 377

7 Economic Degrowth 378

8 Gift Culture and P2P Economics 381

Part III Living the new economy

Chapter 18 Relearning Gift Culture 387

Chapter 19 Nonaccumulation 403

Chapter 20 Right livelihood and Sacred Investing 419

The Dharma of Wealth 419

Robbing Peter to Pay Paul 422

Old Accumulations to New Purposes 430

Right Livelihood 436

Chapter 21 Working in the Gift 441

Trusting Gratitude 441

Business in the Gift 446

The Sacred Professions 453

Chapter 22 Community and the Unquantifiable 461

Chapter 23 A New Materialism 471

Conclusion: The More Beautiful World Our Hearts Tell Us Is Possible 481

Bibliography 491

Index 497

About the Author 507

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