A Brief History of Credit – From William Petty to Richard Cantillon
Session 2

2023-04-12 6:30 pm - 8:00 pm
Henry George School of Social Science
Phone:(212) 889-8020
Address: 149 East 38th Street, New York, NY 10016

A BRIEF HISTORY OF CREDIT – FROM WILLIAM PETTY TO RICHARD CANTILLON

This course will explore the history credit, defined as the introduction of time into value. The course will proceed chronologically from the time of William Petty, John Law and Richard Cantillon in the late seventeen and early eighteen century through three thematic sessions.

  • From sovereign wealth to trade credit
  • From commerce to sovereign credit
  • From central banking to populist money

The instructor, Walter E. Perry holds a BA and PhD in the traditional curriculum of Ancient Greek. He has done extensive work on analyzing the US money supply during the great inflation of 1978 – 1982, bond indentures, insurance contract and derivative instruments of all sorts. Dr. Perry is the founder of Fiduciary Automation, an IT company that instantiate regulations as executable code which could be run against proposed financial instruments or strategies to render determinative opinions as to their compliance and to illuminate ambiguities.

Dates: Wednesdays: 4/05, 4/12, 4/19; from 6:30PM to 8:00PM ET

Location: Online via Zoom

Note: This is an online event. Access information for Zoom will be made available via email the day of each session.

REGISTER NOW

Related upcoming events

  • 2025-01-22 6:30 pm - 2025-01-22 7:30 pm

    Big Tech, Technofeudalism and the End of Capitalism

    In this course, we turn our attention to one of the biggest winners of the Covid-19 Pandemic: Big Tech. These increasingly powerful and financialized firms routinely represent themselves as ‘innovators‘, ‘problem solvers‘ and self-anointed forces for good by connecting users and delivering value worldwide. But are the solutions provided by Big Tech as good as they contend? What does the rise of Big Tech entail for wealth inequality, democracy and capitalism itself?

    Based on Yanis Varoufakis’ latest book – Technofeudalism, What Killed Capitalism, this course investigates the main challenges presented by Tech monopolies and discusses Georgist answers.

    Dr. Marty Rowland is an environmental engineer with New York City’s Parks Department. Dr. Rowland is a faculty member as well as trustee at the Henry George School. He has published extensively on Georgist Economics and taught many courses at the School.

    Instructor: Dr. Marty Rowland

    Dates: Part 1: Wednesdays – 11/06, 11/13, 11/20, 12/04, 12/11; Part 2: Wednesdays - 1/08, 1/15, 1/22, 1/29

    Time: 6:30 PM – 7:30 PM ET

    Location: Online via Zoom

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW

  • 2025-01-29 6:30 pm - 2025-01-29 7:30 pm

    Big Tech, Technofeudalism and the End of Capitalism

    In this course, we turn our attention to one of the biggest winners of the Covid-19 Pandemic: Big Tech. These increasingly powerful and financialized firms routinely represent themselves as ‘innovators‘, ‘problem solvers‘ and self-anointed forces for good by connecting users and delivering value worldwide. But are the solutions provided by Big Tech as good as they contend? What does the rise of Big Tech entail for wealth inequality, democracy and capitalism itself?

    Based on Yanis Varoufakis’ latest book – Technofeudalism, What Killed Capitalism, this course investigates the main challenges presented by Tech monopolies and discusses Georgist answers.

    Dr. Marty Rowland is an environmental engineer with New York City’s Parks Department. Dr. Rowland is a faculty member as well as trustee at the Henry George School. He has published extensively on Georgist Economics and taught many courses at the School.

    Instructor: Dr. Marty Rowland

    Dates: Part 1: Wednesdays – 11/06, 11/13, 11/20, 12/04, 12/11; Part 2: Wednesdays - 1/08, 1/15, 1/22, 1/29

    Time: 6:30 PM – 7:30 PM ET

    Location: Online via Zoom

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW

  • 2025-02-06 6:00 pm - 2025-02-06 7:00 pm

    An American Dilemma: The Urgency of Recovering Social Hope

    The standard political diagnosis suggests that America is divided against itself, and that widespread anger and frustration prevent the necessary community coherence that will bring about the urgent recovery of social hope. In this course, Professor Daniel Bromley will challenge this bleak narrative of widespread hostility. He will offer a more carefully researched account of the underlying defects in our political life. This necessary reconsideration will suggest that the more meaningful diagnosis is one of resignation over the loss of social hope. The distinction is important.

    A narrative of anger and frustration invites constant finger pointing, the fixing of blame, the specification of enemies as distinct from allies, and several other divisive strategies. On the other hand, despair over lost social hope is a shared sentiment that invites communication and collective deliberation along the lines of “What exactly has gone wrong, and why?” From that start, the obvious next steps concern correcting the lingering and annoying problems.

    The lectures and discussions will offer a careful development of causes and reasons for the loss of social hope. The course will also present a set of specific remedies that seem to offer relief from the despair. Most importantly, the course will focus on the necessary ways to think about and understand the loss of social hope. That diagnostic imperative is the only way to arrive at meaningful corrective actions and policies.

    The instructor, Professor Daniel W. Bromley is an American economist, the former Anderson-Bascom Professor of applied economics at the University of Wisconsin–Madison, and since 2009, Emeritus Professor. His research in institutional economics explains the foundations of property rights, natural resources and the environment; and economic development.

    Professor Bromley has published many outstanding books, the most recent of which is Possessive Individualism – A Crisis of Capitalism (2019). He is Editor of the scholarly journal Land Economics. He has worked in over 20 countries on problems of economic development, environmental policy, and the institutional foundation of markets. He has been editor of the journal Land Economics since 1974.

    Instructor: Professor Daniel W. Bromley

    Dates: Thursdays – 2/06, 2/13, 2/20, 2/27, 3/06, 3/13, 3/20, 3/27

    Time: 6:00 PM – 7:00 PM ET

    Location: Online via Zoom

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW

  • 2025-02-13 6:00 pm - 2025-02-13 7:00 pm

    An American Dilemma: The Urgency of Recovering Social Hope

    The standard political diagnosis suggests that America is divided against itself, and that widespread anger and frustration prevent the necessary community coherence that will bring about the urgent recovery of social hope. In this course, Professor Daniel Bromley will challenge this bleak narrative of widespread hostility. He will offer a more carefully researched account of the underlying defects in our political life. This necessary reconsideration will suggest that the more meaningful diagnosis is one of resignation over the loss of social hope. The distinction is important.

    A narrative of anger and frustration invites constant finger pointing, the fixing of blame, the specification of enemies as distinct from allies, and several other divisive strategies. On the other hand, despair over lost social hope is a shared sentiment that invites communication and collective deliberation along the lines of “What exactly has gone wrong, and why?” From that start, the obvious next steps concern correcting the lingering and annoying problems.

    The lectures and discussions will offer a careful development of causes and reasons for the loss of social hope. The course will also present a set of specific remedies that seem to offer relief from the despair. Most importantly, the course will focus on the necessary ways to think about and understand the loss of social hope. That diagnostic imperative is the only way to arrive at meaningful corrective actions and policies.

    The instructor, Professor Daniel W. Bromley is an American economist, the former Anderson-Bascom Professor of applied economics at the University of Wisconsin–Madison, and since 2009, Emeritus Professor. His research in institutional economics explains the foundations of property rights, natural resources and the environment; and economic development.

    Professor Bromley has published many outstanding books, the most recent of which is Possessive Individualism – A Crisis of Capitalism (2019). He is Editor of the scholarly journal Land Economics. He has worked in over 20 countries on problems of economic development, environmental policy, and the institutional foundation of markets. He has been editor of the journal Land Economics since 1974.

    Instructor: Professor Daniel W. Bromley

    Dates: Thursdays – 2/06, 2/13, 2/20, 2/27, 3/06, 3/13, 3/20, 3/27

    Time: 6:00 PM – 7:00 PM ET

    Location: Online via Zoom

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW

  • 2025-02-20 6:00 pm - 2025-02-20 7:00 pm

    An American Dilemma: The Urgency of Recovering Social Hope

    The standard political diagnosis suggests that America is divided against itself, and that widespread anger and frustration prevent the necessary community coherence that will bring about the urgent recovery of social hope. In this course, Professor Daniel Bromley will challenge this bleak narrative of widespread hostility. He will offer a more carefully researched account of the underlying defects in our political life. This necessary reconsideration will suggest that the more meaningful diagnosis is one of resignation over the loss of social hope. The distinction is important.

    A narrative of anger and frustration invites constant finger pointing, the fixing of blame, the specification of enemies as distinct from allies, and several other divisive strategies. On the other hand, despair over lost social hope is a shared sentiment that invites communication and collective deliberation along the lines of “What exactly has gone wrong, and why?” From that start, the obvious next steps concern correcting the lingering and annoying problems.

    The lectures and discussions will offer a careful development of causes and reasons for the loss of social hope. The course will also present a set of specific remedies that seem to offer relief from the despair. Most importantly, the course will focus on the necessary ways to think about and understand the loss of social hope. That diagnostic imperative is the only way to arrive at meaningful corrective actions and policies.

    The instructor, Professor Daniel W. Bromley is an American economist, the former Anderson-Bascom Professor of applied economics at the University of Wisconsin–Madison, and since 2009, Emeritus Professor. His research in institutional economics explains the foundations of property rights, natural resources and the environment; and economic development.

    Professor Bromley has published many outstanding books, the most recent of which is Possessive Individualism – A Crisis of Capitalism (2019). He is Editor of the scholarly journal Land Economics. He has worked in over 20 countries on problems of economic development, environmental policy, and the institutional foundation of markets. He has been editor of the journal Land Economics since 1974.

    Instructor: Professor Daniel W. Bromley

    Dates: Thursdays – 2/06, 2/13, 2/20, 2/27, 3/06, 3/13, 3/20, 3/27

    Time: 6:00 PM – 7:00 PM ET

    Location: Online via Zoom

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW

  • 2025-02-27 6:00 pm - 2025-02-27 7:00 pm

    An American Dilemma: The Urgency of Recovering Social Hope

    The standard political diagnosis suggests that America is divided against itself, and that widespread anger and frustration prevent the necessary community coherence that will bring about the urgent recovery of social hope. In this course, Professor Daniel Bromley will challenge this bleak narrative of widespread hostility. He will offer a more carefully researched account of the underlying defects in our political life. This necessary reconsideration will suggest that the more meaningful diagnosis is one of resignation over the loss of social hope. The distinction is important.

    A narrative of anger and frustration invites constant finger pointing, the fixing of blame, the specification of enemies as distinct from allies, and several other divisive strategies. On the other hand, despair over lost social hope is a shared sentiment that invites communication and collective deliberation along the lines of “What exactly has gone wrong, and why?” From that start, the obvious next steps concern correcting the lingering and annoying problems.

    The lectures and discussions will offer a careful development of causes and reasons for the loss of social hope. The course will also present a set of specific remedies that seem to offer relief from the despair. Most importantly, the course will focus on the necessary ways to think about and understand the loss of social hope. That diagnostic imperative is the only way to arrive at meaningful corrective actions and policies.

    The instructor, Professor Daniel W. Bromley is an American economist, the former Anderson-Bascom Professor of applied economics at the University of Wisconsin–Madison, and since 2009, Emeritus Professor. His research in institutional economics explains the foundations of property rights, natural resources and the environment; and economic development.

    Professor Bromley has published many outstanding books, the most recent of which is Possessive Individualism – A Crisis of Capitalism (2019). He is Editor of the scholarly journal Land Economics. He has worked in over 20 countries on problems of economic development, environmental policy, and the institutional foundation of markets. He has been editor of the journal Land Economics since 1974.

    Instructor: Professor Daniel W. Bromley

    Dates: Thursdays – 2/06, 2/13, 2/20, 2/27, 3/06, 3/13, 3/20, 3/27

    Time: 6:00 PM – 7:00 PM ET

    Location: Online via Zoom

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW

  • 2025-03-06 6:00 pm - 2025-03-06 7:00 pm

    An American Dilemma: The Urgency of Recovering Social Hope

    The standard political diagnosis suggests that America is divided against itself, and that widespread anger and frustration prevent the necessary community coherence that will bring about the urgent recovery of social hope. In this course, Professor Daniel Bromley will challenge this bleak narrative of widespread hostility. He will offer a more carefully researched account of the underlying defects in our political life. This necessary reconsideration will suggest that the more meaningful diagnosis is one of resignation over the loss of social hope. The distinction is important.

    A narrative of anger and frustration invites constant finger pointing, the fixing of blame, the specification of enemies as distinct from allies, and several other divisive strategies. On the other hand, despair over lost social hope is a shared sentiment that invites communication and collective deliberation along the lines of “What exactly has gone wrong, and why?” From that start, the obvious next steps concern correcting the lingering and annoying problems.

    The lectures and discussions will offer a careful development of causes and reasons for the loss of social hope. The course will also present a set of specific remedies that seem to offer relief from the despair. Most importantly, the course will focus on the necessary ways to think about and understand the loss of social hope. That diagnostic imperative is the only way to arrive at meaningful corrective actions and policies.

    The instructor, Professor Daniel W. Bromley is an American economist, the former Anderson-Bascom Professor of applied economics at the University of Wisconsin–Madison, and since 2009, Emeritus Professor. His research in institutional economics explains the foundations of property rights, natural resources and the environment; and economic development.

    Professor Bromley has published many outstanding books, the most recent of which is Possessive Individualism – A Crisis of Capitalism (2019). He is Editor of the scholarly journal Land Economics. He has worked in over 20 countries on problems of economic development, environmental policy, and the institutional foundation of markets. He has been editor of the journal Land Economics since 1974.

    Instructor: Professor Daniel W. Bromley

    Dates: Thursdays – 2/06, 2/13, 2/20, 2/27, 3/06, 3/13, 3/20, 3/27

    Time: 6:00 PM – 7:00 PM ET

    Location: Online via Zoom

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW

  • 2025-03-13 6:00 pm - 2025-03-13 7:00 pm

    An American Dilemma: The Urgency of Recovering Social Hope

    The standard political diagnosis suggests that America is divided against itself, and that widespread anger and frustration prevent the necessary community coherence that will bring about the urgent recovery of social hope. In this course, Professor Daniel Bromley will challenge this bleak narrative of widespread hostility. He will offer a more carefully researched account of the underlying defects in our political life. This necessary reconsideration will suggest that the more meaningful diagnosis is one of resignation over the loss of social hope. The distinction is important.

    A narrative of anger and frustration invites constant finger pointing, the fixing of blame, the specification of enemies as distinct from allies, and several other divisive strategies. On the other hand, despair over lost social hope is a shared sentiment that invites communication and collective deliberation along the lines of “What exactly has gone wrong, and why?” From that start, the obvious next steps concern correcting the lingering and annoying problems.

    The lectures and discussions will offer a careful development of causes and reasons for the loss of social hope. The course will also present a set of specific remedies that seem to offer relief from the despair. Most importantly, the course will focus on the necessary ways to think about and understand the loss of social hope. That diagnostic imperative is the only way to arrive at meaningful corrective actions and policies.

    The instructor, Professor Daniel W. Bromley is an American economist, the former Anderson-Bascom Professor of applied economics at the University of Wisconsin–Madison, and since 2009, Emeritus Professor. His research in institutional economics explains the foundations of property rights, natural resources and the environment; and economic development.

    Professor Bromley has published many outstanding books, the most recent of which is Possessive Individualism – A Crisis of Capitalism (2019). He is Editor of the scholarly journal Land Economics. He has worked in over 20 countries on problems of economic development, environmental policy, and the institutional foundation of markets. He has been editor of the journal Land Economics since 1974.

    Instructor: Professor Daniel W. Bromley

    Dates: Thursdays – 2/06, 2/13, 2/20, 2/27, 3/06, 3/13, 3/20, 3/27

    Time: 6:00 PM – 7:00 PM ET

    Location: Online via Zoom

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW

  • 2025-03-20 6:00 pm - 2025-03-20 7:00 pm

    An American Dilemma: The Urgency of Recovering Social Hope

    The standard political diagnosis suggests that America is divided against itself, and that widespread anger and frustration prevent the necessary community coherence that will bring about the urgent recovery of social hope. In this course, Professor Daniel Bromley will challenge this bleak narrative of widespread hostility. He will offer a more carefully researched account of the underlying defects in our political life. This necessary reconsideration will suggest that the more meaningful diagnosis is one of resignation over the loss of social hope. The distinction is important.

    A narrative of anger and frustration invites constant finger pointing, the fixing of blame, the specification of enemies as distinct from allies, and several other divisive strategies. On the other hand, despair over lost social hope is a shared sentiment that invites communication and collective deliberation along the lines of “What exactly has gone wrong, and why?” From that start, the obvious next steps concern correcting the lingering and annoying problems.

    The lectures and discussions will offer a careful development of causes and reasons for the loss of social hope. The course will also present a set of specific remedies that seem to offer relief from the despair. Most importantly, the course will focus on the necessary ways to think about and understand the loss of social hope. That diagnostic imperative is the only way to arrive at meaningful corrective actions and policies.

    The instructor, Professor Daniel W. Bromley is an American economist, the former Anderson-Bascom Professor of applied economics at the University of Wisconsin–Madison, and since 2009, Emeritus Professor. His research in institutional economics explains the foundations of property rights, natural resources and the environment; and economic development.

    Professor Bromley has published many outstanding books, the most recent of which is Possessive Individualism – A Crisis of Capitalism (2019). He is Editor of the scholarly journal Land Economics. He has worked in over 20 countries on problems of economic development, environmental policy, and the institutional foundation of markets. He has been editor of the journal Land Economics since 1974.

    Instructor: Professor Daniel W. Bromley

    Dates: Thursdays – 2/06, 2/13, 2/20, 2/27, 3/06, 3/13, 3/20, 3/27

    Time: 6:00 PM – 7:00 PM ET

    Location: Online via Zoom

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW

  • 2025-03-27 6:00 pm - 2025-03-27 7:00 pm

    An American Dilemma: The Urgency of Recovering Social Hope

    The standard political diagnosis suggests that America is divided against itself, and that widespread anger and frustration prevent the necessary community coherence that will bring about the urgent recovery of social hope. In this course, Professor Daniel Bromley will challenge this bleak narrative of widespread hostility. He will offer a more carefully researched account of the underlying defects in our political life. This necessary reconsideration will suggest that the more meaningful diagnosis is one of resignation over the loss of social hope. The distinction is important.

    A narrative of anger and frustration invites constant finger pointing, the fixing of blame, the specification of enemies as distinct from allies, and several other divisive strategies. On the other hand, despair over lost social hope is a shared sentiment that invites communication and collective deliberation along the lines of “What exactly has gone wrong, and why?” From that start, the obvious next steps concern correcting the lingering and annoying problems.

    The lectures and discussions will offer a careful development of causes and reasons for the loss of social hope. The course will also present a set of specific remedies that seem to offer relief from the despair. Most importantly, the course will focus on the necessary ways to think about and understand the loss of social hope. That diagnostic imperative is the only way to arrive at meaningful corrective actions and policies.

    The instructor, Professor Daniel W. Bromley is an American economist, the former Anderson-Bascom Professor of applied economics at the University of Wisconsin–Madison, and since 2009, Emeritus Professor. His research in institutional economics explains the foundations of property rights, natural resources and the environment; and economic development.

    Professor Bromley has published many outstanding books, the most recent of which is Possessive Individualism – A Crisis of Capitalism (2019). He is Editor of the scholarly journal Land Economics. He has worked in over 20 countries on problems of economic development, environmental policy, and the institutional foundation of markets. He has been editor of the journal Land Economics since 1974.

    Instructor: Professor Daniel W. Bromley

    Dates: Thursdays – 2/06, 2/13, 2/20, 2/27, 3/06, 3/13, 3/20, 3/27

    Time: 6:00 PM – 7:00 PM ET

    Location: Online via Zoom

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW