Modern Money Theory: Week 1
James E Keenan
Henry George School of Social Science
November 9 2020
Table of Contents
1. Introduction
2. Once Upon a Time ...
4. Warren Mosler and His Children
5. Daddy Responds
6. The Children Ponder Their Situation
7. How the Story Ended
8. And Now, Back to Our Regularly Scheduled Presentation
9. Synopsis
10. What Is a "Monetarily Sovereign Nation"?
11. Which Countries Are Monetarily Sovereign -- and Which Are Not?
12. Why Is Monetary Sovereignty Important?
13. "We Just Don't Have the Money!"
14. Can We Go Have Dinner Now?
15. Course Overview
16. The Deficit Myths
17. What Will We Learn (2)
18. What Will We Learn? (3)
19. What Will We Learn? (4)
20. What Will We Learn? (5)
21. What Will We Learn? (6)
22. What Will We Learn? (7)
23. What Will We Learn? (8)
24. How the Class Will Work
25. Learning Tools
26. Take Notes!
27. Review of Reading Materials
28. [B[Pause for Questions]B]
29. Definitions
30. Political Economy
31. Macroeconomics
32. Orthodox and Heterodox Economics
33. What Came Before Orthodox Economics?
34. Adam Smith
35. David Ricardo
36. Karl Marx
37. John Stuart Mill
38. Orthodox Economics?
39. Heterodox Economics
40. John Maynard Keynes
41. Keynes' Focus
42. How Keynes Was Received
43. [B[Pause for Questions]B]
44. The Nature of Money
45. Basic Money
46. Debt and Credit
47. When the Relationships Become Many-sided
48. A Social Relationship -- Not an Object
49. Basic Money: Formally Defined
50. Four Features of Money
51. Modern Money
52. The State
53. State Mobilization of Resources
54. State Makes Promises to Its Subjects
55. State Redeems Some of the Tokens of Its Promises
56. Modern Money: 6,000 Years Ago!
57. Back to Warren Mosler, His Children and His Business Cards
58. Business Cards as Money
59. Business Cards Somewhat Like Modern Money
60. The U.S. Dollar
61. Legal Tender for Public Debts
62. Legal Tender for Private Debts
63. U.S. Dollar as Modern Money
64. [B[Pause for Questions]B]
65. The Origin of Money
66. The Barter Myth (As It Might Have Been Told by Monty Python)
67. A Village Fair in Merry Olde England
68. A Classical Political Economy Interlude
69. Back to the Village Fair
70. A Cry Comes Out from the Other Side of the Marketplace
71. Money Sidesteps the Double Coincidence of Wants Needed for Barter
72. The Part of the Story That Got Dropped on the Cutting Room Floor
73. The King and His Knights Encounter Three Peasants
74. The King Offers "Coins" for Provisions
75. Sir Robin Missteps
76. King Arthur and His Knights Restrategize
77. The Three Peasants Cut a Deal
78. The King and His Knights Proceed to the Next Village
79. [B[Pause for Questions]B]