This is my keynote presentation at the 1st European Modern Monetary conference. I cover the fallacies that mainstream economists believe about money and why they are wrong, how their decision to ignore banks, money, credit and private debt in their macroeconomics depends upon the false “Loanable Funds” model of bank behaviour, and how private debt and credit explain the tendency of capitalism to fall into financial crises.
Related Articles
Glenn Diesen – The Ukraine War & the Eurasian World Order
19 January 2024 Glenn Diesen: Five hundred years of Western hegemony has ended, while the global majority’s aspiration for a world order based on multipolarity and sovereign equality is rising. This book review with Glenn […]
John Harvey – Exchange Rate Theory: Is it as Horrifically Boring as it Sounds?
Join Professor John Harvey, a leading Post-Keynesian economist, as he explores the world of exchange rates and how the largest (and most volatile) market on the planet is understood by orthodox economics.
Richard Wilkinson – Health and Inequalities
Inequality creates the social and political divisions that isolate us from each other.
Be the first to comment