Private households and money supply

Auteurs

• Wolfgang Chr. Fischer

Paramètres

• Affaires et économie

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This research explores the significance of private household production, often overlooked in Economics literature. It argues that the development of private household production is influenced more by social and economic orders than by the level of economic division of labor. The study examines factors that can help maintain a household's buffer function during economic downturns. When households lose the ability to be self-sufficient in essential production areas—such as nutrition, storage, cleaning, and personal care—they become increasingly dependent on the market. This reliance necessitates that household members earn income to sustain a reasonable living, linking them directly to the national economy's performance. Consequently, issues like cash economy and inflation pose significant challenges for many households. The integration of national economies into the global market further heightens this dependency on international markets. A key future challenge will be how private household production adapts within Western societies characterized by free market principles, despite various market modifications. This raises questions about the potential realization of Aldous Huxley’s visions in "Brave New World."

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• Année de publication: 2013