I Evidence -- 1 In the Beginning was Definition of Money -- 2 Your Money is Someone’s Debt -- 3 Debt Money System is Design Failure -- II Analysis -- 4 Debt Money System is Debt End ! -- 5 Collapse of the Mainstream Economics -- 6 Paradigm Shift in Macroeconomics -- 7 Mathematical Analysis of the Paradigm Shift -- 8 There Exist Only Four Monetary Theories -- 9 Debt Money as a Means of Control -- 10 MMT Hides System Design Failures of Debt Money -- III Solution -- 11 Transition to the Public Money System -- 12 Electronic Public Money -- 13 Public Money Initiative -- 14 MuRatopia Economy.

In this book the authors take a scientific scalpel to the “money problem” by applying the Accounting System Dynamics (ASD) method they developed and identifies the root cause of the major problems facing our economy. Specifically, the ASD method has made it possible to propose a paradigm shift in economics by challenging the mainstream theories that fail to incorporate endogenous debt money, including standard IS-LM analysis, new Keynesian and neoclassical models, and recent Modern Money Theory (MMT). Building on empirical and theoretical analyses, this book then proposes the issuance of Electronic Public Money (EPM) that will end national debt, banking crisis, built-in inequality and inflation, while protecting privacy and freedom against Central Bank Digital Currency (CBDC) that will bring about a total surveillance and dystopian society. The book also discusses feasibility and desirability of Uniform Tax System that will solve the problem of double taxation and makes tax evasions impractical. Finally, the book offers a new socioeconomic system design of MuRatopia (green village economy) beyond the failures of capitalism, communism and globalism. Comprehensive, critical, yet visionary and cosmopolitan, this book is an essential reading not only for professionals and students of economics, but also for general readers seeking a clear exposition of the systemic failures of the current debt-based economy and a practical solution toward achieving long-term sustainability.