Adopted from: Post-Keynesian Economics Study Group at http://www.postkeynesian.net/keynes.html
30 October 2012
Richard Werner, University of Southampton
The Quantity Theory of Credit
discussant: Victoria Chick, UCL
background paper – slides (Werner) – talk only (Werner and Chick) – Where does money come from?
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Source: Holt-LunstadJ, Smith TB, Layton JB (2010) Social Relationships and Mortality Risk: A Meta-analytic Review. PLOS Medicine 7(7): e1000316.
https://journals.plos.org/plosmedicine/article?id=10.1371/journal.pmed.1000316
The Life-Ground of Value: A concept introduced by McMurtry (1998) which signifies the totality of conditions, natural and/or social, upon which any living thing or collection of living things depends for its existence.
The Life-Ground: the conditions of all life and substantive value.
Most simply expressed, all the conditions required to take your next breath. Axiologically understood, all the life support systems required for human life to reproduce or develop. The life-ground is to be distinguished from the concept of “the life-world” which refers to background beliefs.
The universal basis of all value, the maximal development of the capabilities of living things relative to their degree of organic and social complexity.
The totality of conditions presupposed by the life of individual living things; the basis of there being value and beings that can value.
While religions have featured the animating breath of life, they have attributed it to a transcendental creator so as to overlook its source in the creation itself–a kind of idolatry of man-made ideas.
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