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F. Soddy’s Concern :   the Sustainable Development     And

F. Soddy’s Concern :   the Sustainable Development     And

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Published by Kenji Katsuragi

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Published by: Kenji Katsuragi on Dec 10, 2009
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05/11/2014

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F. SoddyF. Soddy
s Concerns Concern
the Sustainablethe SustainableDevelopmentDevelopmentand Monetary Reformand Monetary Reform
KenjiKenjiKatsuragiKatsuragi
 
( Frof . Emeritus ,Toyama Univ. )( Frof . Emeritus ,Toyama Univ. )Rieko Nakamura ( Interpreter, Northwest PacificRieko Nakamura ( Interpreter, Northwest PacificRegionRegionEnvironmental CooperationEnvironmental CooperationCenter )Center )HirooHirooKumagai ( Prof. Fukuoka Institute of Kumagai ( Prof. Fukuoka Institute of Technology )Technology )
Keyword: Virtual Wealth, Debt, Monetary Reform, Economic Growth,Sustainable Development
 
 
Fredrick SoddyFredrick Soddy
 
(1877-1956)(1877-1956)
 
a very famous British chemista very famous British chemist
 
a Nobel Prize laureate in chemistrya Nobel Prize laureate in chemistryin 1921in 1921
 
for developing of radiochemistry andfor developing of radiochemistry anddiscovering isotopediscovering isotope
 
an economistan economist
 
(1922 – 1956)(1922 – 1956)
study of energy problem and monetary economicstudy of energy problem and monetary economicsysteem that has been completely ignored bysysteem that has been completely ignored byorthodox economists.orthodox economists. 
a pioneer of the sustainablea pioneer of the sustainableeconomicseconomics
 
Fredrick Soddy’sphoto( donated by HermanE. Daly in 1984 )
 
 
Why did Soddy start to study economic theory ?
Before the World War I of the scientific discoveries of atomBefore the World War I of the scientific discoveries of atomand radioactivity that astonished scientists by the releaseand radioactivity that astonished scientists by the releaseof the vast energy, he advocated in his works that theof the vast energy, he advocated in his works that thescientific progress would solve problems such as the energyscientific progress would solve problems such as the energyproblem and so poverty, based onproblem and so poverty, based onoptimistic scientismoptimistic scientism..
Through the War I, he came to think that the society was Through the War I, he came to think that the society wasnot mature enough to accept the scientific progressnot mature enough to accept the scientific progressappropriately. After the War he began to study economicsappropriately. After the War he began to study economicsto answer this question,to answer this question,
why does scientific progress bringwhy does scientific progress bringabout not just bounty but also harm to people?about not just bounty but also harm to people?
HeHeconcluded thatconcluded thatit is because of the existing monetaryit is because of the existing monetaryeconomic systemeconomic system, and took a radical stance, appealing that, and took a radical stance, appealing thatall scientists must realize the social meaning of theirall scientists must realize the social meaning of theirscientific study.scientific study.
Soddy moved into the economic study apart from chemicalSoddy moved into the economic study apart from chemicalone. He had studiedone. He had studiedenergy problem and monetaryenergy problem and monetaryeconomic systemeconomic systemand published many works, butand published many works, buthad beenhad beencompletely ignored by orthodox economistscompletely ignored by orthodox economists..

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