Monetary Policy + Steady State Economy

Before a policy is decided on, the goals of policy must be clearly defined. That said, what exactly are the goals of monetary policy in the U.S.? In this tea, monetary policy is evaluated and explored with an ecological economic lens - where the goals are defined as ecological sustainability, just distribution, and efficient allocation - and the idea of developing alternatives to existing policies is encouraged.

Presenter: Josh Farley
Monetary Systems and Macro Policies for a Steady State Economy
9/28/2011

This topic is being worked on by a group of Gund fellows, affiliates, and students.

This event is part of the weekly Gund Tea Series, an opportunity for affiliates of the Gund Institute for Ecological Economics and the broader University community to engage in robust discussion about topical research, current events, and relevant theory. The Teas host visiting scholars and research associates from around the world, as well as some of the Gund's very own fellows & students.

A Production of the Gund Institute for Ecological Economics, an affiliate of the Rubenstein School for Environment & Natural Resources at the University of Vermont

The Gund Institute is a transdisciplinary research, teaching, and service organization focused on developing integrative solutions to society's most pressing problems. We conduct integrative research and service-learning projects on a broad range of topics, offer hands-on learning through our problem-solving workshops and courses, develop online teaching resources and international collaborations through metacourses, and support professional and graduate education through our Graduate Certificates in Ecological Economics and Ecological Design. Learn more about the Gund community of students, scholars and practitioners by exploring our news, publications, and video archives, then contact us to help us build a sustainable, widely shared quality of life.

For more information visit: uvm.edu/​giee/

Category:

Education

Tags:

• Steady
• State
• Economy
• monetary
• policy
• josh
• farley
• johsua
• gund
• institute
• giee
• ecological
• economics
• uvm
• university
• of
• vermont
• CDAE
• applied
• macro
• policies

[lizteuber]

I felt just like I was back in the basement of the Fleming Museum listening to this lecture. Josh, I couldn't agree more with your theories, perhaps because they helped shape my own. Things have changed a lot since 2004, but I was always struck by the foresight of my CDAE professors regarding both the economic and political situation.

[silversoul7]

Josh, I was so proud of you for a minute there with your understanding of monetary policy until you fell victim to the "problem of interest" fallacy. Yes, interest requires new money to pay it back, but since the loan is not owed back in one payment, they can be paid back by a steady FLOW of bank credit without requiring that the total level of debt increase.

[polvotierno]

I think Milton Friedman is a big cause of why the economy is so screwed up now. He preached that corporations and the rich have no social responsibility. he preached deregulation. His views lead to improper use of natural resources. I cannot understand why he is one of your favorite economists. I liked you as an economist until you said that.

[polvotierno]

I think Milton Friedman is a big cause of why the economy is so screwed up now. He preached that corporations and the rich have no social responsibility. he preached deregulation. His views lead to improper use of natural resources. I cannot understand why he is one of your favorite economists. I liked you as an economist until you said that.