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.
Economics
Mark Blyth – The Corona Crash: How Bad Will It Be?
As concern over Covid-19 shifts from a global health crisis to a global economic crisis we speak to political scientist Mark Blyth, author of the forthcoming book ‘Angrynomics’ about what this pandemic really means for […]
Finance
David Harvey: Marx, Capital and the Madness of Economic Reason
David Harvey’s lecture at the London School of Economics on 18 September entitled “Marx, Capital and the Madness of Economic Reason”. Harvey is probably the most well-known Marxist scholar in the world. https://richmedia.lse.ac.uk/publiclecturesandevents/20170918_1830_MarxCapitalAndTheMadnessOf.mp4
Finance
New Economics Foundation – Universal Basic Income or Universal Basic Services?
Some people think universal basic income is a utopian impossibility. Others think it’s dangerous. So there’s a proposal for another solution: universal basic services. Instead of giving people money, why not guarantee all of the […]
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