The Historical Evolution of Money and Debt

Biblio

The Historical Evolution of Money and Debt

Hudson, Michael, and Randall L. Wray The Historical Evolution of Money and Debt. Modern Money and Public Purpose. New York, NY: The Modern Money Network, 2012.
Tuesday September 11, 2012

This seminar will explore the social structures that have historically underpinned debt and money systems, and apply insights gleamed from them to our contemporary economic problems.

Overview

This seminar will explore the social structures that have historically underpinned debt and money systems, and apply insights gleamed from them to our contemporary economic problems. Questions to be addressed include:

  • What is “debt” and how do creditor/debtor relationships it differ from other forms of human interaction?

  • What is unique about our contemporary monetary system compared to previous generations?

  • What role did private debt play in the lead up to our current economic crisis?

  • How can an understanding of the nature of debt and money help achieve positive social reform?

Participants

Speakers:

Participant Profile

Michael Hudson

President
The Institute for the Study of Long-Term Economic Trends

Michael Hudson, Ph.D. is a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and President of The Institute for the Study of Long-Term Economic Trends (ISLET). He has authored over ten books on international finance, economic history and the history of economic thought, including Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003) and Trade, Development and Foreign Debt (1992 & 2009). Dr. Hudson acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law.

Participant Profile

L. Randall Wray

Professor of Economics and Research Director
Center for Full Employment and Price Stability at the University of Missouri-Kansas City

L. Randall Wray, Ph.D. is a Professor of Economics and Research Director for the Center for Full Employment and Price Stability at the University of Missouri-Kansas City. He is also a Senior Scholar at the Levy Economics Institute of Bard College, New York.

Moderator: 
Participant Profile

William Vernon Harris

William R. Shepherd Professor of History and Director of the Center for the Ancient Mediterranean
Columbia University

William Vernon Harris is the William R. Shepherd Professor of History and Director of the Center for the Ancient Mediterranean at Columbia University. He received his B.A., M.A. and D.Phil. degrees from Oxford University. His books include Rome’s Imperial Economy (2011) and War and Imperialism in Republican Rome (corrected edition, 1985), and his edited books include The Monetary Systems of the Greeks and Romans (2008). Other relevant articles include “A Revisionist View of Roman Money”, Journal of Roman Studies (2006) and “The Roman Economy in the Late Republic, 133 to 31 B.C.”, in Cambridge Economic History of the Greek and Roman World (2007).

Outline

Outline: 

Resources

Resource List

Core Reading

Biblio

Money: An Alternative Story

Tymoigne, Eric, and Randall L. Wray Money: An Alternative Story. Kansas City, MO: Center for Full Employment and Price Stability, 2005.

Transcript