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DEBT episode 1: Debt, a great invention

Dirk Bezemer
University of Groningen, 2013
Level: beginner
Perspective: Post-Keynesian Economics
Topic: Money & Debt
Format: Lecture / Presentation
Duration: 00:15:25
Link: https://www.youtube.com/watch?v=F_7HIxCg4is

How was money actually invented? Where does it come from? In this first episode of a video lecture, Dirk Bezemer from the University of Groningen presents the origins of money and how it's related to debt. It's a basic historical review and you can get an idea of how money is created and how banks work. The following episodes aim at giving an overview of the last debt crisis.

Go to: DEBT episode 1: Debt, a great invention

Tags: banks | central bank | central clearing | credit | debt | debt crisis | double entry bookkeeping | finance | money | money creation
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