The modern money society tells us that having money is the way to wealth and happiness. By contrast, the Hamburg Institute for Financial Services (IFF) has been conducting its research over the past 20 years based on the opposite thesis that money is in fact a dangerous medium with which to manage one's wealth. It is imperative that modern society use money in a sensible way, and ensure that the allocation of capital and work is done in a sustainable fashion. Through the financial services provided, banks can either promote egoism and greed-like behavior or, through nudging by society itself, can encourage more cooperation, responsibility, and balance in society. This book explores new concepts concerning the use of money, which has been the IFF's main focus through the years. The book is an aggregation of the IFF's philosophy and research work, examining topics discussed in the IFF's annual newsletter Using Money Sensibly, which provides documentation of 20 years of the institute's work serving the interest of consumers and the general public. Some of the topics examined include: --- Money and Ethics --- Trust in Monetary Economics --- Social Justice in a Money Society --- Courage and Self-Confidence --- Truth and Honesty --- The Social Question of the Private Economy --- Banks and Social Responsibility --- Rationalization and Supply --- And many more....
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