Books by Adrian Kuzminski

Modern economies must grow because money borrowed for investment can be repaid only by expanding production and consumption to meet the burden of usurious rates of interest. The roots of this dynamic between debt and growth lay in the financial revolution of the late seventeenth and early eighteenth centuries in Britain which established a new usurious monetary system.For the first time in history credit was made widely available, but only on condition of an exponentially increasing debt burden. To pay back debts production had to increase correspondingly, leading to the industrial revolution, economic growth, and modernity itself.Though private creditors gained a monopoly over the creation of credit, and were disproportionately enriched, the resulting economic growth for a time was great enough to benefit most debtors as well as creditors, ensuring widespread prosperity.That is no longer the case. With todays eco-crisis we have reached the limits of growth. We no longer have the natural resources to grow fast enough to pay our debts. This is the real root of our current financial crisis.If we are to live sustainably, our system of money and credit must be transformed. We need a non-usurious monetary system appropriate to a steady-state economy, with capital broadly distributed at non-usurious rates of interest.Such a system was developed by an early nineteenth century American thinker, Edward Kellogg, and is explored here in depth. His work inspired the populist movement and remains more relevant than ever as a viable alternative to the a financial system we can no longer afford.

Pyrrhonism is commonly confused with scepticism in Western philosophy. Unlike sceptics, who believe there are no true beliefs, Pyrrhonists suspend judgment about all beliefs, including the belief that there are no true beliefs. Pyrrhonism was developed by a line of ancient Greek philosophers, from its founder Pyrrho of Elis in the fourth century BCE through Sextus Empiricus in the second century CE. Pyrrhonists offer no view, theory, or knowledge about the world, but recommend instead a practice, a distinct way of life, designed to suspend beliefs and ease suffering. Adrian Kuzminski examines Pyrrhonism in terms of its striking similarity to some Eastern non-dogmatic soteriological traditions-particularly Madhyamaka Buddhism. He argues that its origin can plausibly be traced to the contacts between Pyrrho and the sages he encountered in India, where he traveled with Alexander the Great. Although Pyrrhonism has not been practiced in the West since ancient times, its insights have occasionally been independently recovered, most recently in the work of Ludwig Wittgenstein. Kuzminski shows that Pyrrhonism remains relevant perhaps more than ever as an antidote to today's cultures of belief.

Populism is distinguished from other political movements by its insistence on two things conspicuously missing from modern systems of political economy: genuine democracy based on local citizen assemblies, and the widespread distribution among the population of privately-owned economic capital. This book offers an historical account of populism.