"All money is virtual, and always has been – because money is just a set of ideas."
What is the real nature of money? In his new book 'Money: The Unauthorised Biography', Felix Martin suggests the modern approach to money - what we think it is and how it works - is wrong. He tells the FT's Andrew Hill why the conventional economic view is misguided and dangerous. Martin believes that we should view money as a social technology, a set of ideas and practices for organising society.
Martin argues that we shouldn't be afraid of using monetary policy as a deliberate technique for the re-distribution of income and wealth, for example for using higher inflation targets for "sweating off debt" as an alternative to persistent austerity. How might a different (unconventional) conception of money affect the types of banking system that we might want to emerge after the crisis? To what extent should the state radically narrow the range of financial institutions to which it is prepared to offer emergency financial help?
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Dates and Locations
AS & A2 Economics - Macroeconomics: National & International Economy (Unit 2), Global/International Economy (Unit 4)
- Tuesday 25 March 2014 - London (Stratford City)
- Wednesday 26 March 2014 - London (Fulham Broadway)
- Thursday 27 March 2014 - Bristol (Cribbs Causeway)
- Friday 28 March 2014 - Birmingham (Star City)
- Tuesday 1 April 2014 - Gateshead (Metro Centre)
- Wednesday 2 April 2014 - Leeds (The Light)
- Thursday 3 April 2014 - Manchester (Salford Quays)
Post-Easter (AS Economics Units 1&2 Combined; Global/International Economy (Unit 4))
- Monday 28 April 2014 - London (Stratford City)
- Tuesday 29 April 2014 - London (Fulham Broadway)
- Wednesday 30 April 2014 - Bristol (Cribbs Causeway)
- Thursday 1 May 2014 - Birmingham (Star City)
- Friday 2 May 2014 - Manchester (Salford Quays)
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