Author

About Rodney Shakespeare

Rodney is Visiting Professor of Binary Economics at Trisakti University, Jakarta where he teaches on the international postgraduate Islamic Economics and Finance program.

He has also been offered, and has accepted, a Professorship at a large private university in Bangladesh. He is a Cambridge MA; a qualified UK Barrister; and a well-known paper presenter and lecturer particularly at Islamic conferences dealing with money, the real economy, and social and economic justice. He is a co-founder of the Global Justice Movement www.globaljusticemovement.net and the author of www.binaryeconomics.net

Rodney’s first book on binary economics The Two-factor Nation was published in 1976. He is co-author (with Robert Ashford) of the standard textbook on binary economics Binary Economics – the new paradigm 1999).

Rodney Shakespeare is also co-author (with Peter Challen) of the subsequent text Seven Steps to Justice (2002) which further develops binary economics, and is also author of The Modern Universal Paradigm (July, 2007) containing later developments in particular relating to paradigmatic understanding and the appeal of binary economics to people of faith and of good faith.


Contact Rodney by email
rodney.shakespeare1-at-btopenworld.com



Visual Summary of the Main Binary Mechanisms and Solution to the Global Financial and Environmental Crisis

Below is a visual summary of the main binary mechanism which can be used to provide a gentle but powerful solution to the global financial and environmental crisis. It will prove helpful to study the diagram for a few minutes.

NB The banking system is gradually stopped (by a gradual rise to 100% banking reserves) from continually creating money out of nothing. Instead it lends its own capital and (with permission) the deposits of customers. As the banking system’s money creation is stopped, a supply of national bank-issued interest-free loans (administered by the banking system) is opened up with the supply being directed at the development and spreading of productive (and the associated consuming) capacity. In effect, there will be two interest rates – one for binary purposes and the other for the rest of the economy.

Please also notice that, by using the banking reserves mechanism, the national bank has a macro tool in addition to that of interest rates to control the total volume of money in the economy.

New Monetary Reform Diagram


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