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. 2013 Level: beginner DEBT episode 1: Debt, a great invention Dirk Bezemer University of Groningen A multimedia dossier outlining the various dimensions of credit and indebtedness for various actors such as individuals and governments. Special emphasis is put on the reflections of normative and power laden discourse sorrounding the issue of borrowing and on false analogies placed between household and government debt. 2017 Level: beginner Borrowing – I-PEEL.org Chris Clarke I-PEEL It is perhaps fitting that the seriousness of the coronavirus threat hit most of the Western world around the Ides of March, the traditional day of reckoning of outstanding debts in Ancient Rome. After all, problems and imbalances have accumulated in the Western capitalist system over four decades, ostensibly since it took the neoliberal road out of the 1970s crisis and kept going along it, heedless of the crises and problems it led to. 2020 Level: beginner The Unexpected Reckoning: Coronavirus and Capitalism Radhika Desai Canadian Dimesion How long the COVID-19 crisis will last, and what its immediate economic costs will be, is anyone's guess. But even if the pandemic's economic impact is contained, it may have already set the stage for a debt meltdown long in the making, starting in many of the Asian emerging and developing economies on the front lines of the outbreak. 2020 Level: beginner The COVID-19 Debt Deluge Jayati Ghosh Project Syndicate Whether a black swan or a scapegoat, Covid-19 is an extraordinary event. Declared by the WHO as a pandemic, Covid-19 has given birth to the concept of the economic “sudden stop.” We need extraordinary measures to contain it. 2020 Level: beginner Triggering a Global Financial Crisis: Covid-19 as the Last Straw T Sabri Öncu Counterpunch, Prime With the onset of an economic crisis that has been universally acknowledged since the end of March, two main questions arise: To what extent is the corona pandemic the starting point (or even the cause) of this crisis? And secondly: can the aid programmes that have been adopted prevent a deep and prolonged recession? 2020 Level: beginner Economic crisis only because of the Corona pandemic? Jakob Schäfer Exploring Economics The Great Recession 2.0 is unfolding before our very eyes. It is still in its early phase. But dynamics have been set in motion that are not easily stopped, or even slowed. If the virus effect were resolved by early summer—as some politicians wishfully believe—the economic dynamics set in motion would still continue. The US and global economies have been seriously ‘wounded’ and will not recover easily or soon. Those who believe it will be a ‘V-shape’ recovery are deluding themselves. Economists among them should know better but are among the most confused. They only need to look at historical parallels to convince themselves otherwise. 2020 Level: beginner Origins & Emergence of the 2020 Great Recession in the US Economy Dr. Jack Rasmus Exploring Economics This is webinar series organized by the SOAS Open Economic Forum and the SOAS Economics Department with speakers from the same department as well as other academic figures. 2020 Level: beginner The Economics of Covid-19 | SOAS University of London SOAS Open Economics Forum, SOAS Economics Department, Various SOAS Open Economics Forum The workshop introduces into the field of critical political economy and tries to identify the role of finacial markets in capitalism, the reason for financial crises and the relevance of Marx in regard to these topics. 2018 Level: beginner Marxian Political Economy Jannis Eicker and Anil Shah 2. Summer Academy for Pluralist Economics