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.
Robin McAlpine’s talk in our series “Economic beyond the Swabian hausfrau” from 9 November 2021 You can’t save the world if you don’t do the work. A Green New Deal is at heart a large […]
Free market capitalism died over a 100 years ago and gave way to monopoly capitalism. Monopoly capitalism is now not even able to reproduce itself, let alone sustain the planet, common decency etc. But what […]
David Harvey is the foremost Marxist thinker about political economy and has been teaching Karl Marx’s Capital for over 40 years. He currently teaches at the Graduate Center of the City University of New York. Prof. Harvey has written […]