This 5-session course will discuss the public bank model, comparing and contrasting it to private banks to highlight marked differences between them and their implications for the community. The course will also look into past and present experiments in public banking in the United States and showcase their profound effect in our history. The Bank of North Dakota’s stellar performance during the 2008 financial crisis will be analyzed.

Modern Money Theory (MMT), a heterodox school of macroeconomic thought asks:

• To what degree is a country monetarily sovereign?
• How does that impact the economic policies that country is able to pursue?

A monetarily sovereign nation is one whose government issues its own currency, does not peg the value of that currency to any other currency or to any precious metal, and does not take on debt in any currency other than its own.

It turns out that whether a country is monetarily sovereign or not has tremendous importance in determining the economic policies it can pursue in response to crises, be they economic, political, medical or ecological. MMT explains, for example, why the U.S. federal government can create hundreds of billions of dollars to spend in response to the COVID-19 pandemic, while state and local governments (not to mention individual households) cannot.

In this course you will learn about MMT by doing a close reading of Stephanie Kelton’s 2020 bestseller, “The Deficit Myth.” The course will be conducted in a seminar style: six weekly sessions, in each of which the student will be expected to have read one or two chapters in Kelton’s book and worked through discussion questions. At the conclusion of this course, the student should understand MMT well enough to be able to explain it and to use MMT-based insights to understand the current political economy of the U.S. and other countries.

This 5-session course will discuss the public bank model, comparing and contrasting it to private banks to highlight marked differences between them and their implications for the community. The course will also look into past and present experiments in public banking in the United States and showcase their profound effect in our history. The Bank of North Dakota’s stellar performance during the 2008 financial crisis will be analyzed.

This 5-session course will discuss the public bank model, comparing and contrasting it to private banks to highlight marked differences between them and their implications for the community. The course will also look into past and present experiments in public banking in the United States and showcase their profound effect in our history. The Bank of North Dakota’s stellar performance during the 2008 financial crisis will be analyzed.

This 5-session course will discuss the public bank model, comparing and contrasting it to private banks to highlight marked differences between them and their implications for the community. The course will also look into past and present experiments in public banking in the United States and showcase their profound effect in our history. The Bank of North Dakota’s stellar performance during the 2008 financial crisis will be analyzed.

This 3-part course comprises 5 classes each and covers the entirety of Brian Hodgkinson’s book – A New Model of the Economy. The course offers a radical revision of modern economic theory; one that is based upon natural law, exhibiting economic security for all and a fair distribution of output among the three factors of production. The course also re-introduces concepts that have been left out by mainstream economic thought – fundamentally the role played by LAND – i.e., all natural resources available on the earth. The significance of credit, especially through the banking system, and the crucial impact of methods of taxation are presented.

The instructor, Marty Rowland‘s training in economics began in his doctoral research in the management of the water management institutions of Tampa and Baton Rouge, where he replicated the research of Nobel economist Elinor Ostrom (2009) on communities that sustainably manage shared resources. He was mentored by institutionalist economist Daniel W. Bromley who challenged the idea that property relations among individuals necessarily apply to communities, saying that economic institutions are always in the process of becoming. Since 2010, Marty leveraged Ostrom’s and Bromley’s economic institutionalism, rising through HGSSS as student, to instructor, to Board Member, and directing research that may influence public policy toward the equitable distribution of wealth through Henry George’s policy of returning and recycling economic rent.

This 3-part course comprises 5 classes each and covers the entirety of Brian Hodgkinson’s book – A New Model of the Economy. The course offers a radical revision of modern economic theory; one that is based upon natural law, exhibiting economic security for all and a fair distribution of output among the three factors of production. The course also re-introduces concepts that have been left out by mainstream economic thought – fundamentally the role played by LAND – i.e., all natural resources available on the earth. The significance of credit, especially through the banking system, and the crucial impact of methods of taxation are presented.

The instructor, Marty Rowland‘s training in economics began in his doctoral research in the management of the water management institutions of Tampa and Baton Rouge, where he replicated the research of Nobel economist Elinor Ostrom (2009) on communities that sustainably manage shared resources. He was mentored by institutionalist economist Daniel W. Bromley who challenged the idea that property relations among individuals necessarily apply to communities, saying that economic institutions are always in the process of becoming. Since 2010, Marty leveraged Ostrom’s and Bromley’s economic institutionalism, rising through HGSSS as student, to instructor, to Board Member, and directing research that may influence public policy toward the equitable distribution of wealth through Henry George’s policy of returning and recycling economic rent.

This 3-part course comprises 5 classes each and covers the entirety of Brian Hodgkinson’s book – A New Model of the Economy. The course offers a radical revision of modern economic theory; one that is based upon natural law, exhibiting economic security for all and a fair distribution of output among the three factors of production. The course also re-introduces concepts that have been left out by mainstream economic thought – fundamentally the role played by LAND – i.e., all natural resources available on the earth. The significance of credit, especially through the banking system, and the crucial impact of methods of taxation are presented.

The instructor, Marty Rowland‘s training in economics began in his doctoral research in the management of the water management institutions of Tampa and Baton Rouge, where he replicated the research of Nobel economist Elinor Ostrom (2009) on communities that sustainably manage shared resources. He was mentored by institutionalist economist Daniel W. Bromley who challenged the idea that property relations among individuals necessarily apply to communities, saying that economic institutions are always in the process of becoming. Since 2010, Marty leveraged Ostrom’s and Bromley’s economic institutionalism, rising through HGSSS as student, to instructor, to Board Member, and directing research that may influence public policy toward the equitable distribution of wealth through Henry George’s policy of returning and recycling economic rent.

This 3-part course comprises 5 classes each and covers the entirety of Brian Hodgkinson’s book – A New Model of the Economy. The course offers a radical revision of modern economic theory; one that is based upon natural law, exhibiting economic security for all and a fair distribution of output among the three factors of production. The course also re-introduces concepts that have been left out by mainstream economic thought – fundamentally the role played by LAND – i.e., all natural resources available on the earth. The significance of credit, especially through the banking system, and the crucial impact of methods of taxation are presented.

The instructor, Marty Rowland‘s training in economics began in his doctoral research in the management of the water management institutions of Tampa and Baton Rouge, where he replicated the research of Nobel economist Elinor Ostrom (2009) on communities that sustainably manage shared resources. He was mentored by institutionalist economist Daniel W. Bromley who challenged the idea that property relations among individuals necessarily apply to communities, saying that economic institutions are always in the process of becoming. Since 2010, Marty leveraged Ostrom’s and Bromley’s economic institutionalism, rising through HGSSS as student, to instructor, to Board Member, and directing research that may influence public policy toward the equitable distribution of wealth through Henry George’s policy of returning and recycling economic rent.

This 3-part course comprises 5 classes each and covers the entirety of Brian Hodgkinson’s book – A New Model of the Economy. The course offers a radical revision of modern economic theory; one that is based upon natural law, exhibiting economic security for all and a fair distribution of output among the three factors of production. The course also re-introduces concepts that have been left out by mainstream economic thought – fundamentally the role played by LAND – i.e., all natural resources available on the earth. The significance of credit, especially through the banking system, and the crucial impact of methods of taxation are presented.

The instructor, Marty Rowland‘s training in economics began in his doctoral research in the management of the water management institutions of Tampa and Baton Rouge, where he replicated the research of Nobel economist Elinor Ostrom (2009) on communities that sustainably manage shared resources. He was mentored by institutionalist economist Daniel W. Bromley who challenged the idea that property relations among individuals necessarily apply to communities, saying that economic institutions are always in the process of becoming. Since 2010, Marty leveraged Ostrom’s and Bromley’s economic institutionalism, rising through HGSSS as student, to instructor, to Board Member, and directing research that may influence public policy toward the equitable distribution of wealth through Henry George’s policy of returning and recycling economic rent.