Mind blowing stuff A while ago now I discussed technological determinism, and the existence of economic laws, even if not in the same sense that in the so-called hard sciences. This semester I'm teaching a class for first year students (non Econ majors, to clarify for those outside the US) titled somewhat facetiously 'From Fire to Uber.' In fact, the first reading is Heilbroner's 1967 paper discussed in the first link provided above, on whether machines make history.Bob was on the side...
Read More »Claire Connelly — What are taxes actually for?
MMT. Claire Connelly — Medium What are taxes actually for? Claire Connelly | Lead writer @ Renegade Inc. Founder of Hello Humans
Read More »Lars P. Syll — How money is created
David Graeber and the Bank of England. Lars P. Syll’s BlogHow money is createdLars P. Syll | Professor, Malmo University
Read More »History of Central Banks Tutorial – Before Central Banks II
As promised, one more installment on the history of central banks, and why the early Italian (and Spanish and Dutch) public banks were not seen as central banks. We must start with Italian banking. Even though the Medici Bank is probably the most well-known of the Italian banks of the Renaissance period the two key cities to understand the development of modern banking, and the precursors of central banks, are Genoa and Venice. And as noted before, central to the story is the emergence of...
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