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
Steve Keen – Introduction to The New Economics: A Manifesto
Steve Keen is writing a book for Polity Press entitled The New Economics: A Manifesto. It has a long way to go, but this is the reasonably complete first chapter. It will surely be a […]
Economics
David Harvey – Stock Market Booms While Americans Face Economic Disaster
On this episode of David Harvey’s Anti-Capitalist Chronicles, Prof. Harvey talks about the economic uncertainty Americans are experiencing: job loss, indebtedness, inflation. The stock market is flourishing, but only the top 10-20% of the US […]
Economics
Branko Milanović – Income Inequality in Quesnay and Smith
This is the first video of a two-part lecture in which the Stone Center’s Branko Milanovic discusses writings on inequality by François Quesnay, Adam Smith, David Ricardo, and Karl Marx and how their work can […]
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