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: początkujący DEBT episode 1: Debt, a great invention Dirk Bezemer University of Groningen What is money and how does it work? The short film reveals common misunderstandings of where money comes from, explains how money is created by banks and presents consequences of money as credit. The video is part of the campaign positive money, promoting the democratic control over money creation. 2013 Level: początkujący What is money?   Positive Money Banking 101 is a series of 6 short videos that ask the following questions: How do banks work and how is money created? Is reveals common misunderstandings of money creation and the role of banks. Furthermore, the videos show how models taught in many introductory classes to economics (Econ 101) do not reflect those processes: Part 1) “Misconceptions around Banking” questions common comprehensions of how banks work (savings = investments). Part 2) “What's wrong with the money multiplier” states that the model of the money multiplies is inaccurate. Part 3) “How is money really made by banks” explains the process of money creation, loans and inter-bank settlement. Part 4) “How much money banks create?” asks what limits the money creation by banks and presents the difference between reserve ratio, liquidity ration, equity and refers to the inter-bank market. Part 5) Explores the question if banks create money or just credit and especially refers to credit risks. Part 6) Explains how money gets destroyed when loans are paid back. Note: The videos refer to the UK monetary and banking system, some explanations don't apply to other banking systems, e.g. the reserve ratio. 2012 Level: początkujący How money gets destroyed - Banking 101 (Part 6 of 6)   Positive Money Banking 101 is a series of 6 short videos that ask the following questions: How do banks work and how is money created? Is reveals common misunderstandings of money creation and the role of banks. Furthermore, the videos show how models taught in many introductory classes to economics (Econ 101) do not reflect those processes: Part 1) “Misconceptions around Banking” questions common comprehensions of how banks work (savings = investments). Part 2) “What's wrong with the money multiplier” states that the model of the money multiplies is inaccurate. Part 3) “How is money really made by banks” explains the process of money creation, loans and inter-bank settlement. Part 4) “How much money banks create?” asks what limits the money creation by banks and presents the difference between reserve ratio, liquidity ration, equity and refers to the inter-bank market. Part 5) Explores the question if banks create money or just credit and especially refers to credit risks. Part 6) Explains how money gets destroyed when loans are paid back. Note: The videos refer to the UK monetary and banking system, some explanations don't apply to other banking systems, e.g. the reserve ratio. 2012 Level: początkujący Misconceptions around Banking - Banking 101 (Part 1 of 6)   Positive Money Banking 101 is a series of 6 short videos that ask the following questions: How do banks work and how is money created? Is reveals common misunderstandings of money creation and the role of banks. Furthermore, the videos show how models taught in many introductory classes to economics (Econ 101) do not reflect those processes: Part 1) “Misconceptions around Banking” questions common comprehensions of how banks work (savings = investments). Part 2) “What's wrong with the money multiplier” states that the model of the money multiplies is inaccurate. Part 3) “How is money really made by banks” explains the process of money creation, loans and inter-bank settlement. Part 4) “How much money banks create?” asks what limits the money creation by banks and presents the difference between reserve ratio, liquidity ration, equity and refers to the inter-bank market. Part 5) Explores the question if banks create money or just credit and especially refers to credit risks. Part 6) Explains how money gets destroyed when loans are paid back. Note: The videos refer to the UK monetary and banking system, some explanations don't apply to other banking systems, e.g. the reserve ratio. 2012 Level: początkujący What's wrong with the money multiplier? - Banking 101 (Part 2 of 6)   Positive Money The video presents different ways of how to measure the money supply and thereby explains the differences between M0, M1 and M2. 2012 Level: początkujący Money supply: M0, M1, and M2 | The monetary system   Khan Academy Banking 101 is a series of 6 short videos that ask the following questions: How do banks work and how is money created? Is reveals common misunderstandings of money creation and the role of banks. Furthermore, the videos show how models taught in many introductory classes to economics (Econ 101) do not reflect those processes: Part 1) “Misconceptions around Banking” questions common comprehensions of how banks work (savings = investments). Part 2) “What's wrong with the money multiplier” states that the model of the money multiplies is inaccurate. Part 3) “How is money really made by banks” explains the process of money creation, loans and inter-bank settlement. Part 4) “How much money banks create?” asks what limits the money creation by banks and presents the difference between reserve ratio, liquidity ration, equity and refers to the inter-bank market. Part 5) Explores the question if banks create money or just credit and especially refers to credit risks. Part 6) Explains how money gets destroyed when loans are paid back. Note: The videos refer to the UK monetary and banking system, some explanations don't apply to other banking systems, e.g. the reserve ratio. 2012 Level: początkujący How much money can banks create - Banking 101 (Part 4 of 6)   Positive Money The author identifies three principal economic phenomena, which are explained: long run productivity growth as the central driver of increasing economic activity, short-term and long-term debt cycles. The latter two are explained to some detailed with reference to money creation, central banking and long term crisis tendencies. With regards to the long run debt cycle, which leads into deleveraging and recession, some policy measures which can smoothen the crisis are discussed. 2013 Level: początkujący How The Economic Machine Works Ray Dalio Bridgewater Associates The page "Positive Money" gathers text and short videos which explain how money is created by banks by giving loans. It furthermore presents the consequences of this process on housing prices, inequality and the environment and its role in the financial crisis. The dossier is provided by the campaign "Positive Money" which aims at a democratic control over money creation. Besides texts by the campaign, the page makes available links to journal and conference articles on the topic. The page focuses on the banking system of the UK. Level: początkujący Positive Money   Positive Money This dossier gives an overview of the functions and the nature of money. The concept of Islamic finance is briefly explored, too. 2015 Level: początkujący The Nature of Money Lena Rethel I-PEEL John K. Galbraith recounts episodes in the history of money such as the creation of the bank of Amsterdam, John Law's fraudulent Bank Royal, the inception of the Bank of England and of the Federal Reserve to illustrate concepts such as money creation by commercial banks, the bank rate, open market operations or the money supply in general. The emotions, myths and struggles surrounding money are addressed and explained in a clear and consistent manner. 1977 Level: początkujący The Age of Uncertainty Episode 6 The Rise and Fall of Money John Kenneth Galbraith BBC, CBC, KCET and OECA In this radio program, the anthropologist David Graeber, explores the history of debt in (currently) 12 episodes. The program is based on his book Debt: The First 5000 Years. First, Graeber asks the questions of how debt and money are characterized, which meaning and roles they had in different historic episodes and how they were interrelated. In the most recent episodes, Graeber elaborates on how debt shaped society. He argues that debt had a different moral status in different times of history, one session analyses the current financial and economic crisis and the role of credit in this historical context. Level: początkujący Promises, Promises: A history of debt David Graeber BBC Radio 4 What is money and how is it used? After answering these questions, Dirk Bezemer analyses how finance can be dysfunctional for the real economy. 2016 Level: początkujący When is Finance Bloated and Dysfunctional? Dirk Bezemer Netzwerk Plurale Ökonomik How has financialisation changed saving What are its implications on a macro economic level and from a welfare state perspective Craig Berry I PEEL 2017 Level: początkujący Saving Craig Berry I-PEEL The lectures were given by Steve Keen at the Exploring Economics Summer Academy 2017 in the workshop on Post Keynesian Economics The first lectures start with the role of money in a monetary economy and explain the macroeconomic significance of admitting the reality that banks create money The lectures continue … 2017 Level: ekspert Exploring Economics 2017 Lectures Steve Keen ProfSteveKeen This lecture by Prof. Dr. Eckhard Hein is part of the Introductory Lectures on Heterodox Economics at the 20th FMM Conference in 2016. It gives a good overview about where Post-Keynesian Economics can be located and what it is all about. 2016 Level: zaawansowane Introduction to Post-Keynesian Economics Eckhard Hein IMK Based on Modern Money Theory (MMT), Stephanie Kelton compares the cryptocurrency to the fiat money system (or simply what we have today). 2017 Level: początkujący Cryptocurrency and Fiat Money Stephanie Kelton YouTube This article investigates the set up of the CFA franc zones, its ties to French neocolonialism and its ability to further breed dependency in the former colonies. 2018 Level: początkujący The CFA Franc Zones: Neocolonialism and Dependency Mariamawit Tadesse Economic Questions Approaching the law of nature that determines all forms of economy. The bulk of economic theory addresses the economic process by setting out on a catalogue of aspects, seeking the laws in the aspects and hoping to get together a reliable view of the whole. 2019 Level: zaawansowane Economic theory, methodology, and secure foundations Dr. Alec A. Schaerer Exploring Economics In this article, Perry Mehrling, a professor of economics at Barnard College, presents and discusses three theories of banking which are guiding bank regulation. These are credit creation theory, fractional reserve theory and debt intermediation theory. 2016 Level: zaawansowane Central Bank theories of Banking and Money Perry Mehrling www.perrymehrling.com Prof. Robert Guttmann looks at the current transformation of the international world order through the lenses of global money and finance. 2019 Level: zaawansowane Multipolar Capitalism Robert Guttmann Instituto de Economia da Unicamp Modern Monetary Theory (MMT) is a school of monetary and macroeconomic thought that focuses on the analysis of the monetary and credit system, and in particular on the question of credit creation by the state. 2020 Level: początkujący Modern Monetary Theory Nathalie Freitag Exploring Economics Richard Werner touches on a number of topics in this Odd Lots Podcast episode. As one of the pioneers when it comes to money and credit creation, he gives interesting insights into his early research on this topic. He then explains what he calls the “Quantity Theory of Credit” and is an alternative to the "Quantity Theory of Money". 2020 Level: zaawansowane Japanification, Quantitative Easing, money creation and Re-Igniting the U.S. Economy Richard Werner, Joe Weisenthal & Tracy Alloway Odd Lots Podcast In this series of webinars, several researchers face different topics related to Degrowth. Money, health, Green New Deal, Anarchism, and many more. 2020 Level: początkujący Degrowth Talks Various UK Degrowth Summer School The Money View Symposium was hosted by YSI on 5-7 February, 2021. The Symposium showcased the work of scholars and practitioners that make use of the so-called Money View, ranging from economists to lawyers, politicians and social scientists at large. The symposium aims to illuminate the main tenets of the Money View and to demonstrate its juxtaposition to the mainstream. 2021 Level: zaawansowane Money View Symposium 2021 various Young Scholars Initiative Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2013 Level: ekspert Horizontalists, verticalists, and structuralists: The theory of endogenous money reassessed Thomas I. Palley IMK - Institut für Makroökonomie und Konjunkturforschung, Hans-Böckler-Stiftung The Bank of England s introduction to money in the modern economy is composed by a video and a paper which work hand in hand In them money is presented as a form of debt issued by someone and spent as credit by someone else Furthermore the three main types … 2014 Level: początkujący Money in the modern economy: an introduction Michael McLeay, Amar Radia and Ryland Thomas Bank of England This is the second part of the seminar A Hard Currency of Politics The discussion centers on the The Currency of Politics by Stefan Eich and is hosted by the journal European Law Open Stefan Eich s presentation of his argument starts at minute 7 53 The discussion centers on … 2022 Level: początkujący European Law Open discussion of "The Currency of Politics" by Stefan Eich Stefan Eich Cambridge University Press A free online course at Masters-level will enable you to understand the past, present and future role of money in society. Level: zaawansowane Money and Society Jem Bendell, Matthew Slater University of Cumbria In its first edition, this book helped to define the emerging field of ecological economics. This new edition surveys the field today. It incorporates all of the latest research findings and grounds economic inquiry in a more robust understanding of human needs and behavior. 2010 Level: początkujący Ecological Economics - Principles and Applications Herman E. Daly, Joshua Farley Island Press This book provides a new methodological approach to money and macroeconomics. Realizing that the abstract equilibrium models lacked descriptions of fundamental issues of a modern monetary economy, the focus of this book lies on the (stylized) balance sheets of the main actors. Money, after all, is born on the balance sheets of the central bank or commercial bank. 2017 Level: początkujący Modern Monetary Theory and European Macroeconomics Dirk H. Ehnts Routledge, Taylor & Francis Group This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying how institutions create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time. 2012 Level: zaawansowane Monetary Economics W. Godley, M. Lavoie Palgrave Macmillan UK