Title: Private Households and Money Supply
Description: Private Households and Money Supply aims to contribute to the knowledge and understanding of the
significance of private household production and often this crucial issue had been regarded in the
relevant literature of Economics as a quantité négligeable. This research demonstrates that ultimately
the development of the private household production is not primarily depending on the
level of the economic division of labour, but substantially depending on the realised social and
economic order and their further development.
This study is focused on the development of private household production and its various factors
which could help to minimize the loss of a buffer function for times of economic downturn. Once
the ability to establish a self-sufficient household with most of its vital areas of production for instance
of nutrition, storage, shopping, cleaning, clothes, natural domestic production and personal
care of household members is lost, the dependency on the market is inevitably created. Income in
terms of money has to be the source of the members of the household’s activities to maintain a
reasonable living. Subsequently the dependency on the state of affairs of the national economy becomes
vital. In particular the cash economy and the inflation are looming miseries for the majority
of private households. Given the national economy’s integration into the global market this adds
to the dependency on international markets.
An important challenge in the future will be how the private household production evolves within
Western Societies with their dominant free market concepts, even with various market modifications.
Sometimes one may ask whether Aldous Huxley’s thoughts in his book Brave New World will
come partially true.
Time periods: Historical analysis and current time