The Economics of Transformation

How can we transform our society? What is the role of finance in this process? The book will provide unconventional answers to these questions. Currently finance is still driving sustainability, but it should be the other way around: Sustainability should drive finance. Finance does not follow natural laws, but resembles conventions and reflects one of the most powerful leveragers to transform our society. This book provides multiple 'out of the box' solutions for the financial and monetary sector to shift our society towards a more sustainable future. Finance is the 'missing link' in the overall transformational process we are experiencing right now globally.

Cases studies, descriptive tables and graphs and a variety of additional material on 'how the monetary system works' and 'how it should work' support the idea of a new and upcoming General Theory on financing our planetary commons, on money and a sustainable development for the 21st century and provides a compelling argument for the 'cheapest of all worlds'.

This is the reader for scholars in the field, for politicians who have to make decisions, for bankers, investors and regulators who work in the financial sector and for everybody who has a bank account.

• J. M. Keynes for the 21st century
• Details the role of finance for societies in transformation
• The 'missing link' with multiple 'out of the box' solutions
• Where sustainability drives finance, not the other way round

Professor Stefan Brunnhuber is a psychiatrist, chief medical officer and academic researcher and endowed chair specialising in psychology and sustainability. He is a trustee of the World Academy of Art and Science and a member of the European Academy of Sciences and Arts, the Club of Rome and the German Free Democratic Party (FDP), and currently serves on the German government’s Sustainable Finance committee. He has over 500 publications and lectures to his name and more than 25 years’ hands-on experience in the fields of finance and sustainability. Contact: www.stefan-brunnhuber.de

"The 'Economics of Transformation' demonstrates the direction, in which the world community has to move."
Radermacher, Franz Josef, Professor of informatics, mathematician and economist, co founder of the Global Marshall plan-initiative, Germany

"An important book, and a compelling economic logic for transformation to happen, a cogent narrative."
Shrivastava, Paul, Co president ,The Club of Rome, Professor of management and organization at Pennsylvania State University, USA

"... an in-depth examination of the role of finance to accomplish the transformation we are all in right now. A must read!"
Bardi Udo, Member Club of Rome, Professor for physical chemistry, Italy

"A stunningly comprehensive synthesis"
Costanza Robert, Professor for ecological economics, Institute for Global Prosperity, University College London, Winner of the blue planet prize 2024

"A fascinating and brilliant new maxim"
Gammelin, Kai, senior risk manager, CEO DigiChance Next, former member of the senior management team risk & compliance UBS AG

"'The Economics of Transformation' introduces a new General Theory, captures perfectly the dilemma we confront today, …..a brilliant and compelling piece of work, path-breaking…"
Joe ingram, Fellow of The Canadian Global Affairs Institute, former President of The North South Institute, and former Special Representative of The World Bank to the United Nations and The World Trade Organization

"The kind of out-of-the-box thinking we need to navigate these perilous times…."
Doyne Farmer, complex system scientists, University of Oxford, Complexity Economics, Institute for New economic thinking, Santa Fe Institute