Ende's philosophical legacy on the nature of money
Michael Ende criticized the modern monetary system for causing economic imbalance and loss of sustainability, and advocated local currencies. In his work "The Peach," he allegorically depicts the domination of money and time through the time thief, and emphasizes the importance of happiness and creativity. In "Ende's Testament," he pointed out the problems caused by interest on money, and discussed local currencies as a means to promote economic circulation. Studies of the Vera Economic Area in Germany and Bernard Retard are also cited as efforts to put Ende's ideas into practice. This article details examples of local currencies and their social significance, providing an opportunity to reconsider the role of money in modern times.
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