Modern Money & Public Purpose 1: The Historical Evolution of Money and Debt

Moderator: William V. Harris, William R. Shepherd Professor of History and Director, Center for the Ancient Mediterranean, Columbia University

Speaker 1: L. Randall Wray, Research Director of the Center for Full Employment and Price Stability and Professor of Economics, University of Missouri-Kansas City

Speaker 2: Michael Hudson, President, Institute for the Study of Long-Term Economic Trends and Distinguished Research Professor, University of Missouri-Kansas City

Tuesday, September 11, 2012

About the Seminar Series:

Modern Money and Public Purpose is an eight-part, interdisciplinary seminar series held at Columbia Law School over the 2012-2013 academic year. The series aims to present new perspectives and progressive policy proposals on a range of contemporary issues facing the U.S. and global macroeconomy. Seminars will feature a mix of academics and practitioners on topics ranging from the history of debt and money and the structure of the financial system to economic human rights for the 21st century.

http://www.modernmoneyandpublicpurpos...

• Category

  Education

[ModMonPubPurpose]

Next seminar on the Eurozone is now up for viewing!

[snoid88]

when is the next seminar? and can(where) I watch it live?

[ModMonPubPurpose]

The next seminar is Friday, October 5th at 6.15pm EST, on the Eurozone. It will be streamed live on the main page of the series website, which is listed above in the video description.

[LetterToVoltaire]

Hi, is there a transcript of this anywhere? 

[ModMonPubPurpose]

Hi,

We are working on a transcript - We will put it up as soon as possible. Thank you in advance for your patience.

[Thomas Bergbusch]

I trust that organizers will get a more able, and less self-regarding, moderator next time. It would be helpful if the moderator was someone who listened and reasoned, or perhaps, to be a little uncharitable, was capable of understanding what the presenters had said. Truly, ignorance personified masquerading as scholarship. As a former history student, I can only counsel students not to take this ignoramus's courses.

[ModMonPubPurpose]

It was unfortunate that the speakers did not get a chance to respond and engage at the end - we will try not to let that happen again in the future!

That said, Professor Harris's actual scholarship on Ancient Greek and Roman Money is not dissimilar from Professor Hudson's own work, from my understanding.

[gwynedd1]

I don't know what we would do without Michael Hudson.

[KAngeliii]

We are all sheep... or at least I am.

The first speaker showed us the bone with the notches and said he did not know what it was but when he followed up with the notches on wood, I imagined the bone might be a type of tally for goods.

Next speaker comes up and we find out the bone was likely for tracking moon cycles.

I listen, think about it, and if it makes sort-of sense I take it. I am a sheep because I do not know more than I am told or shown or find.

[TheBilliejones]

Perfect example that economics is NOT a science. There are several different ideologies, all attempting to explain the same phenomena.

[AirelonTrading]

If you want people to start taking your deposits out of your savings aka Cyprus?

Give up your soverign currency ...

[AirelonTrading]

Up to 01:23:57, I was horrified ... that someone is either that a) evil or b) naive

I'm glad sense started to be discussed after 01:24:00 ...

[AirelonTrading]

VERY few people understand what Michael Hudson is discussing when it comes to Middle Eastern Societies. They basically just fell apart. Before that time, their libraries, scientific advacements, mathematics, astronomy, linguistical research ... was just _ stunning _

The Middle East before the rise of the West, rivaled China as a center of learning, science and technology ...

[AirelonTrading]

I wish they would have gotten into the exact numbers that the Chinese hold ... people may be surprised at how small a % of they actually hold, and how quickly it bleeds off, and who actually owns - in terms of BPS - US Credit Instruments ...

[cosmosgato]

Jump to time 00:36:00

You can only buy treasuries, that promises to pay dollars, with dollars.

Nice.