This book aims to explore stability in an international financial system using disequilibrium theory. It examines historical cases of both instability and stability and reviews price-disequilibrium theory to construct a theoretical model for a stable international financial system. In the modern knowledge economy in a global world, financial socio-technical systems still continue to be central to global commerce. Moreover, technological advances in computer and communications have changed both the knowledge economy and the financial system. While globalization and technology have made international finance more powerful and important to knowledge economies, they have also increased the volatility, instability, and fraudulent use of international finance. The international world has not experienced a long-term, stable financial system after 1913. International financial systems have been periodically unstable, triggering financial crises and resultant economicdepressions in different nations. Yet the global economy cannot develop properly without a stable international system, which distributes wealth to economically productive activities. How then can a stable and modern international-financial-system be constructed? In this provocative volume, the authors applies the cross-disciplinary analysis of societal dynamics to important economic writers to derive a new approach to the problem of stabilizing international financial systems.

Autorentext

Frederick Betz is a Visiting Professor, Nile University, Cairo, and Adjunct Professor, Department of Engineering and Technology, Portland State University. In 2007-8 he was a Visiting Scientist on the Science and Technology Research Council, Turkey, and from 1998 to 2005, he served as a Professor in the Graduate School of Management and Technology Management at the University of Maryland University College (UMUC). He has published several books, including Managing Technological Innovation (Wiley, 2/e, 2004), Executive Strategy (Wiley, 2002), Strategic Technology Management (McGraw-Hill), and Managing Science (Springer, 2010). He has published numerous scholarly articles in such journals as Journal of Technology Transfer, Technology Management, and International Journal of Innovation and Technology Management.

Inhalt

Chapter 1 Price Disequilibrium Theory.- Chapter 2 International Grid of Capital Flows: Innovation, Crisis, and Off-shore Banking.- Chapter 3 Dynamics of Government Fiscal Instability.- Chapter 4 Public and Private Debt Markets in Disequilibrium Theory.- Chapter 5 Why 'Austerity' Failed In Greece: Testing The Validity of Economic Models.- Chapter 6 Financial Hegemony Dutch Republic.- Chapter 7 Financial Hegemony British Empire.- Chapter 8 Design of An International Central Bank.- Chapter 9 Gaming The System.- Chapter 10 Riding-The-Bubble.