Land Value Return and Recycling for Prosperity, Sustainability and Equity
Session 5

LAND VALUE RETURN AND RECYCLING FOR PROSPERITY, SUSTAINABILITY AND EQUITY

Public infrastructure has long played a crucial role in the growth and prosperity of our cities. How we raise funds to pay for infrastructure is just as important as how much funding we raise for this purpose. In this 5-session online course, we will examine:

  • The relationship between infrastructure, land use, sustainability, resilience and equity;
  • The difference between taxes and fees;
  • The impact of different infrastructure funding techniques on integrating infrastructure and land use along with their impacts on total and per-capita infrastructure costs, job creation and affordable housing;
  • “Land value return & recycling” as an important, but often-overlooked component of infrastructure funding; and
  •   Opportunities for and impediments to LVRR implementation.

The instructor Rick Rybeck is the Founder and Director of Just Economics LLC, a Washington DC based consultancy that assists communities in promoting job creation, affordable housing, transportation efficiency and sustainable economic development.

Dates: Thursdays 5/21, 5/28, 6/4, 6/11, 6/18

Time: 6:30PM – 8:30PM

Location: Online (Please register to receive access information)

Code of Conduct


ALL SESSIONS WILL BE HELD ONLINE:

Join Zoom Meeting
LINK WILL BE SHARED VIA EMAIL BEFORE FIRST SESSION

5 sessions
Registration fees are waved for the duration of the health crisis

Related upcoming events

  • 2020-09-29 6:30 pm - 2020-09-29 8:30 pm

    PRINCIPLES OF POLITICAL ECONOMY

    Join us to discover the fundamental laws of political economy and how they can guide policy toward shared and sustainable prosperity.

    The purpose of this 5-session course is to offer a basic introduction to political economy in the tradition of Henry George as presented in his book Progress and Poverty.

    We will introduce the key concepts, axioms and fundamental laws of the discipline and use this understanding to analyze and explain economic issues in the real world. We will also examine the causes of poverty and discuss George’s unique approach to the problem. Additional issues such as the alternating cycles of boom and bust that are so characteristic of capitalist economies will be also discussed.

    Instructor: Dr. Marty Rowland
    Dates: Tuesdays – 9/15, 9/22, 9/29, 10/6, 10/13

    5 sessions
    A link to join the online course will be provided via email before the start of the first session.

  • 2020-10-01 6:30 pm - 2020-10-01 8:30 pm

    Cooperative Individualism - The Elegant Recipe for a Just Society

    Joins us in this course to learn about cooperative individualism, the simple but elegant recipe for a just society.

    This course examines the origins and history of cooperative individualism, a set of principles argued as essential to the creation of just societies. Unlike the old divide between Left and Right, Cooperative Individualism offers a “Third Way” that reconciles property rights and human rights.

    The instructor, Edward J. Dodson retired in 2005 after three decades of management and analyst responsibilities in the housing finance industry. For most of that time he has taught political economy and lectured on history at the Henry George School of Social Science and Temple University. He is the author of a three-volume work, “The Discovery of First Principles” and a contributing writer to several periodicals devoted to promotion of the system of political economy developed in the late 19th  century by Henry George. In 1997 he established the online education and research project, the School of Cooperative Individualism.

    Instructor: Edward J. Dodson
    Dates: Thursdays:9/3, 9/10, 9/17, 9/24, 10/1, 10/8, 10/15, 10/22, 10/29
    Time: 6:30 PM – 8:30 PM

    9 sessions
    A zoom link will be provided via email before the start of the first session.

  • 2020-10-05 6:30 pm - 2020-10-05 8:30 pm

    MONEY, CREDIT AND BANKING

    This course will explain the basics of money creation and banking in general and lay out the case for public banking.

    In this 5 session course, Allen Smith will explain the simple mechanics of money creation by banks, the role of central banks and how the way we run our money system influences economic outcomes such as wealth inequality. The course will combine a study of the relevant theories with applications to recent events and policy debates. In this connection Henry George’s concept of money will be explored as well as the relations between finance and land markets.

    Instructor: Allen Smith
    Mondays: 10/5, 10/12, 10/19, 10/26, 11/2

    5 sessions
    A link to join the online course will be provided via email before the start of the first session.

  • 2020-10-06 6:30 pm - 2020-10-06 8:30 pm

    PRINCIPLES OF POLITICAL ECONOMY

    Join us to discover the fundamental laws of political economy and how they can guide policy toward shared and sustainable prosperity.

    The purpose of this 5-session course is to offer a basic introduction to political economy in the tradition of Henry George as presented in his book Progress and Poverty.

    We will introduce the key concepts, axioms and fundamental laws of the discipline and use this understanding to analyze and explain economic issues in the real world. We will also examine the causes of poverty and discuss George’s unique approach to the problem. Additional issues such as the alternating cycles of boom and bust that are so characteristic of capitalist economies will be also discussed.

    Instructor: Dr. Marty Rowland
    Dates: Tuesdays – 9/15, 9/22, 9/29, 10/6, 10/13

    5 sessions
    A link to join the online course will be provided via email before the start of the first session.

  • 2020-10-08 6:30 pm - 2020-10-08 8:30 pm

    Cooperative Individualism - The Elegant Recipe for a Just Society

    Joins us in this course to learn about cooperative individualism, the simple but elegant recipe for a just society.

    This course examines the origins and history of cooperative individualism, a set of principles argued as essential to the creation of just societies. Unlike the old divide between Left and Right, Cooperative Individualism offers a “Third Way” that reconciles property rights and human rights.

    The instructor, Edward J. Dodson retired in 2005 after three decades of management and analyst responsibilities in the housing finance industry. For most of that time he has taught political economy and lectured on history at the Henry George School of Social Science and Temple University. He is the author of a three-volume work, “The Discovery of First Principles” and a contributing writer to several periodicals devoted to promotion of the system of political economy developed in the late 19th  century by Henry George. In 1997 he established the online education and research project, the School of Cooperative Individualism.

    Instructor: Edward J. Dodson
    Dates: Thursdays:9/3, 9/10, 9/17, 9/24, 10/1, 10/8, 10/15, 10/22, 10/29
    Time: 6:30 PM – 8:30 PM

    9 sessions
    A zoom link will be provided via email before the start of the first session.

  • 2020-10-12 6:30 pm - 2020-10-12 8:30 pm

    MONEY, CREDIT AND BANKING

    This course will explain the basics of money creation and banking in general and lay out the case for public banking.

    In this 5 session course, Allen Smith will explain the simple mechanics of money creation by banks, the role of central banks and how the way we run our money system influences economic outcomes such as wealth inequality. The course will combine a study of the relevant theories with applications to recent events and policy debates. In this connection Henry George’s concept of money will be explored as well as the relations between finance and land markets.

    Instructor: Allen Smith
    Mondays: 10/5, 10/12, 10/19, 10/26, 11/2

    5 sessions
    A link to join the online course will be provided via email before the start of the first session.

  • 2020-10-13 6:30 pm - 2020-10-13 8:30 pm

    PRINCIPLES OF POLITICAL ECONOMY

    Join us to discover the fundamental laws of political economy and how they can guide policy toward shared and sustainable prosperity.

    The purpose of this 5-session course is to offer a basic introduction to political economy in the tradition of Henry George as presented in his book Progress and Poverty.

    We will introduce the key concepts, axioms and fundamental laws of the discipline and use this understanding to analyze and explain economic issues in the real world. We will also examine the causes of poverty and discuss George’s unique approach to the problem. Additional issues such as the alternating cycles of boom and bust that are so characteristic of capitalist economies will be also discussed.

    Instructor: Dr. Marty Rowland
    Dates: Tuesdays – 9/15, 9/22, 9/29, 10/6, 10/13

    5 sessions
    A link to join the online course will be provided via email before the start of the first session.

  • 2020-10-15 6:30 pm - 2020-10-15 8:30 pm

    Cooperative Individualism - The Elegant Recipe for a Just Society

    Joins us in this course to learn about cooperative individualism, the simple but elegant recipe for a just society.

    This course examines the origins and history of cooperative individualism, a set of principles argued as essential to the creation of just societies. Unlike the old divide between Left and Right, Cooperative Individualism offers a “Third Way” that reconciles property rights and human rights.

    The instructor, Edward J. Dodson retired in 2005 after three decades of management and analyst responsibilities in the housing finance industry. For most of that time he has taught political economy and lectured on history at the Henry George School of Social Science and Temple University. He is the author of a three-volume work, “The Discovery of First Principles” and a contributing writer to several periodicals devoted to promotion of the system of political economy developed in the late 19th  century by Henry George. In 1997 he established the online education and research project, the School of Cooperative Individualism.

    Instructor: Edward J. Dodson
    Dates: Thursdays:9/3, 9/10, 9/17, 9/24, 10/1, 10/8, 10/15, 10/22, 10/29
    Time: 6:30 PM – 8:30 PM

    9 sessions
    A zoom link will be provided via email before the start of the first session.

  • 2020-10-19 6:30 pm - 2020-10-19 8:30 pm

    MONEY, CREDIT AND BANKING

    This course will explain the basics of money creation and banking in general and lay out the case for public banking.

    In this 5 session course, Allen Smith will explain the simple mechanics of money creation by banks, the role of central banks and how the way we run our money system influences economic outcomes such as wealth inequality. The course will combine a study of the relevant theories with applications to recent events and policy debates. In this connection Henry George’s concept of money will be explored as well as the relations between finance and land markets.

    Instructor: Allen Smith
    Mondays: 10/5, 10/12, 10/19, 10/26, 11/2

    5 sessions
    A link to join the online course will be provided via email before the start of the first session.

  • 2020-10-22 6:30 pm - 2020-10-22 8:30 pm

    Cooperative Individualism - The Elegant Recipe for a Just Society

    Joins us in this course to learn about cooperative individualism, the simple but elegant recipe for a just society.

    This course examines the origins and history of cooperative individualism, a set of principles argued as essential to the creation of just societies. Unlike the old divide between Left and Right, Cooperative Individualism offers a “Third Way” that reconciles property rights and human rights.

    The instructor, Edward J. Dodson retired in 2005 after three decades of management and analyst responsibilities in the housing finance industry. For most of that time he has taught political economy and lectured on history at the Henry George School of Social Science and Temple University. He is the author of a three-volume work, “The Discovery of First Principles” and a contributing writer to several periodicals devoted to promotion of the system of political economy developed in the late 19th  century by Henry George. In 1997 he established the online education and research project, the School of Cooperative Individualism.

    Instructor: Edward J. Dodson
    Dates: Thursdays:9/3, 9/10, 9/17, 9/24, 10/1, 10/8, 10/15, 10/22, 10/29
    Time: 6:30 PM – 8:30 PM

    9 sessions
    A zoom link will be provided via email before the start of the first session.

  • 2020-10-26 6:30 pm - 2020-10-26 8:30 pm

    MONEY, CREDIT AND BANKING

    This course will explain the basics of money creation and banking in general and lay out the case for public banking.

    In this 5 session course, Allen Smith will explain the simple mechanics of money creation by banks, the role of central banks and how the way we run our money system influences economic outcomes such as wealth inequality. The course will combine a study of the relevant theories with applications to recent events and policy debates. In this connection Henry George’s concept of money will be explored as well as the relations between finance and land markets.

    Instructor: Allen Smith
    Mondays: 10/5, 10/12, 10/19, 10/26, 11/2

    5 sessions
    A link to join the online course will be provided via email before the start of the first session.

  • 2020-10-29 6:30 pm - 2020-10-29 8:30 pm

    Cooperative Individualism - The Elegant Recipe for a Just Society

    Joins us in this course to learn about cooperative individualism, the simple but elegant recipe for a just society.

    This course examines the origins and history of cooperative individualism, a set of principles argued as essential to the creation of just societies. Unlike the old divide between Left and Right, Cooperative Individualism offers a “Third Way” that reconciles property rights and human rights.

    The instructor, Edward J. Dodson retired in 2005 after three decades of management and analyst responsibilities in the housing finance industry. For most of that time he has taught political economy and lectured on history at the Henry George School of Social Science and Temple University. He is the author of a three-volume work, “The Discovery of First Principles” and a contributing writer to several periodicals devoted to promotion of the system of political economy developed in the late 19th  century by Henry George. In 1997 he established the online education and research project, the School of Cooperative Individualism.

    Instructor: Edward J. Dodson
    Dates: Thursdays:9/3, 9/10, 9/17, 9/24, 10/1, 10/8, 10/15, 10/22, 10/29
    Time: 6:30 PM – 8:30 PM

    9 sessions
    A zoom link will be provided via email before the start of the first session.

  • 2020-11-02 6:30 pm - 2020-11-02 8:30 pm

    MONEY, CREDIT AND BANKING

    This course will explain the basics of money creation and banking in general and lay out the case for public banking.

    In this 5 session course, Allen Smith will explain the simple mechanics of money creation by banks, the role of central banks and how the way we run our money system influences economic outcomes such as wealth inequality. The course will combine a study of the relevant theories with applications to recent events and policy debates. In this connection Henry George’s concept of money will be explored as well as the relations between finance and land markets.

    Instructor: Allen Smith
    Mondays: 10/5, 10/12, 10/19, 10/26, 11/2

    5 sessions
    A link to join the online course will be provided via email before the start of the first session.

  • 2020-11-09 6:30 pm - 2020-11-09 8:30 pm

    WHAT IS MODERN MONETARY THEORY (MMT)?

    MMT, what it is and how it works

    Modern Monetary Theory (MMT) is a heterodox school of macroeconomic thought that asks:

    * To what degree is your country monetarily sovereign?

    * How does that impact the economic policies your country is able to pursue?

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

    The United States, Canada, Australia and the United Kingdom are all monetarily sovereign nations. Countries like France and Italy, which are part of the Eurozone are not. Neither are the countries in Africa which are former French colonies and which continue to use the CFA Franc.

    It turns out that whether a country is monetarily sovereign or not has

    tremendous importance in determining the economic policies a country can pursue in response to crises, whether those crises be economic, political, medical or ecological. Modern monetary theory 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 five-session, students will get a taste of macroeconomics — the study of the overall determination of output, employment and prices — from the MMT perspective. Upon taking this course students will be able to understand and participate in current economic policy discussions.


    Essential Reading

    Stephanie Kelton

    “The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy”

    Public Affairs/Hachette Book Group. 2020.

    Richard Murphy

    “The Joy of Tax: How a fair tax system can create a better society”

    Corgi Books/Transworld Publishers. 2015.

    Yeva Nersisyan and L. Randall Wray

    “How to Pay for the Green New Deal”

    Levy Economics Institute of Bard College, Working Paper No. 931. 2019.

    http://www.levyinstitute.org/pubs/wp_931.pdf

    Pavlina R. Tcherneva

    “The Case for a Job Guarantee”

    Polity Press. 2020.

    L. Randall Wray

    “Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems”

    Palgrave Macmillan. 2015 (second edition).


    Recommended Reading

    Christine Desan

    “Making Money: Coin, Currency, and the Coming of Capitalism”

    Oxford University Press. 2014.

    David Graeber

    “Debt: The First 5,000 Years”

    Melville House. 2014.

    John Maynard Keynes

    “How to Pay for the War”

    Macmillan. 1940.

    William Mitchell, L. Randall Wray and Martin Watts

    “Macroeconomics”

    Red Globe Press/Macmillan International. 2019.

    Warren Mosler

    “The 7 Deadly Innocent Frauds of Economic Policy”

    Valance Company. 2010.

    Warren Mosler

    “Soft Currency Economics II: What Everyone Thinks They Know About Monetary Policy Is Wrong”

    Valance Company. 2012.

    Fanny Pigeaud and Ndongo Samba Sylla

    “L’Arme Invisible de la Françafrique: Une Histoire du Franc CFA”

    La Decouverte. 2018. (In French)

    Robert Skidelsky

    “Money and Government: The Past and Future of Economics”

    Yale University Press. 2018.

    L. Randall Wray

    “Understanding Modern Money: The Key to Full Employment and Price Stability”

    Edward Elgar. 1998.


    Instructor: James Keenan
    Dates: Mondays | 11/9, 11/16, 11/23, 11/30, 12/7

    Time: 6:30 PM – 8:30 PM

    5 sessions
    A link to join the online course will be provided via email before the start of the first session.

  • 2020-11-16 6:30 pm - 2020-11-16 8:30 pm

    WHAT IS MODERN MONETARY THEORY (MMT)?

    MMT, what it is and how it works

    Modern Monetary Theory (MMT) is a heterodox school of macroeconomic thought that asks:

    * To what degree is your country monetarily sovereign?

    * How does that impact the economic policies your country is able to pursue?

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

    The United States, Canada, Australia and the United Kingdom are all monetarily sovereign nations. Countries like France and Italy, which are part of the Eurozone are not. Neither are the countries in Africa which are former French colonies and which continue to use the CFA Franc.

    It turns out that whether a country is monetarily sovereign or not has

    tremendous importance in determining the economic policies a country can pursue in response to crises, whether those crises be economic, political, medical or ecological. Modern monetary theory 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 five-session, students will get a taste of macroeconomics — the study of the overall determination of output, employment and prices — from the MMT perspective. Upon taking this course students will be able to understand and participate in current economic policy discussions.


    Essential Reading

    Stephanie Kelton

    “The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy”

    Public Affairs/Hachette Book Group. 2020.

    Richard Murphy

    “The Joy of Tax: How a fair tax system can create a better society”

    Corgi Books/Transworld Publishers. 2015.

    Yeva Nersisyan and L. Randall Wray

    “How to Pay for the Green New Deal”

    Levy Economics Institute of Bard College, Working Paper No. 931. 2019.

    http://www.levyinstitute.org/pubs/wp_931.pdf

    Pavlina R. Tcherneva

    “The Case for a Job Guarantee”

    Polity Press. 2020.

    L. Randall Wray

    “Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems”

    Palgrave Macmillan. 2015 (second edition).


    Recommended Reading

    Christine Desan

    “Making Money: Coin, Currency, and the Coming of Capitalism”

    Oxford University Press. 2014.

    David Graeber

    “Debt: The First 5,000 Years”

    Melville House. 2014.

    John Maynard Keynes

    “How to Pay for the War”

    Macmillan. 1940.

    William Mitchell, L. Randall Wray and Martin Watts

    “Macroeconomics”

    Red Globe Press/Macmillan International. 2019.

    Warren Mosler

    “The 7 Deadly Innocent Frauds of Economic Policy”

    Valance Company. 2010.

    Warren Mosler

    “Soft Currency Economics II: What Everyone Thinks They Know About Monetary Policy Is Wrong”

    Valance Company. 2012.

    Fanny Pigeaud and Ndongo Samba Sylla

    “L’Arme Invisible de la Françafrique: Une Histoire du Franc CFA”

    La Decouverte. 2018. (In French)

    Robert Skidelsky

    “Money and Government: The Past and Future of Economics”

    Yale University Press. 2018.

    L. Randall Wray

    “Understanding Modern Money: The Key to Full Employment and Price Stability”

    Edward Elgar. 1998.


    Instructor: James Keenan
    Dates: Mondays | 11/9, 11/16, 11/23, 11/30, 12/7

    Time: 6:30 PM – 8:30 PM

    5 sessions
    A link to join the online course will be provided via email before the start of the first session.

  • 2020-11-23 6:30 pm - 2020-11-23 8:30 pm

    WHAT IS MODERN MONETARY THEORY (MMT)?

    MMT, what it is and how it works

    Modern Monetary Theory (MMT) is a heterodox school of macroeconomic thought that asks:

    * To what degree is your country monetarily sovereign?

    * How does that impact the economic policies your country is able to pursue?

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

    The United States, Canada, Australia and the United Kingdom are all monetarily sovereign nations. Countries like France and Italy, which are part of the Eurozone are not. Neither are the countries in Africa which are former French colonies and which continue to use the CFA Franc.

    It turns out that whether a country is monetarily sovereign or not has

    tremendous importance in determining the economic policies a country can pursue in response to crises, whether those crises be economic, political, medical or ecological. Modern monetary theory 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 five-session, students will get a taste of macroeconomics — the study of the overall determination of output, employment and prices — from the MMT perspective. Upon taking this course students will be able to understand and participate in current economic policy discussions.


    Essential Reading

    Stephanie Kelton

    “The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy”

    Public Affairs/Hachette Book Group. 2020.

    Richard Murphy

    “The Joy of Tax: How a fair tax system can create a better society”

    Corgi Books/Transworld Publishers. 2015.

    Yeva Nersisyan and L. Randall Wray

    “How to Pay for the Green New Deal”

    Levy Economics Institute of Bard College, Working Paper No. 931. 2019.

    http://www.levyinstitute.org/pubs/wp_931.pdf

    Pavlina R. Tcherneva

    “The Case for a Job Guarantee”

    Polity Press. 2020.

    L. Randall Wray

    “Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems”

    Palgrave Macmillan. 2015 (second edition).


    Recommended Reading

    Christine Desan

    “Making Money: Coin, Currency, and the Coming of Capitalism”

    Oxford University Press. 2014.

    David Graeber

    “Debt: The First 5,000 Years”

    Melville House. 2014.

    John Maynard Keynes

    “How to Pay for the War”

    Macmillan. 1940.

    William Mitchell, L. Randall Wray and Martin Watts

    “Macroeconomics”

    Red Globe Press/Macmillan International. 2019.

    Warren Mosler

    “The 7 Deadly Innocent Frauds of Economic Policy”

    Valance Company. 2010.

    Warren Mosler

    “Soft Currency Economics II: What Everyone Thinks They Know About Monetary Policy Is Wrong”

    Valance Company. 2012.

    Fanny Pigeaud and Ndongo Samba Sylla

    “L’Arme Invisible de la Françafrique: Une Histoire du Franc CFA”

    La Decouverte. 2018. (In French)

    Robert Skidelsky

    “Money and Government: The Past and Future of Economics”

    Yale University Press. 2018.

    L. Randall Wray

    “Understanding Modern Money: The Key to Full Employment and Price Stability”

    Edward Elgar. 1998.


    Instructor: James Keenan
    Dates: Mondays | 11/9, 11/16, 11/23, 11/30, 12/7

    Time: 6:30 PM – 8:30 PM

    5 sessions
    A link to join the online course will be provided via email before the start of the first session.

  • 2020-11-30 6:30 pm - 2020-11-30 8:30 pm

    WHAT IS MODERN MONETARY THEORY (MMT)?

    MMT, what it is and how it works

    Modern Monetary Theory (MMT) is a heterodox school of macroeconomic thought that asks:

    * To what degree is your country monetarily sovereign?

    * How does that impact the economic policies your country is able to pursue?

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

    The United States, Canada, Australia and the United Kingdom are all monetarily sovereign nations. Countries like France and Italy, which are part of the Eurozone are not. Neither are the countries in Africa which are former French colonies and which continue to use the CFA Franc.

    It turns out that whether a country is monetarily sovereign or not has

    tremendous importance in determining the economic policies a country can pursue in response to crises, whether those crises be economic, political, medical or ecological. Modern monetary theory 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 five-session, students will get a taste of macroeconomics — the study of the overall determination of output, employment and prices — from the MMT perspective. Upon taking this course students will be able to understand and participate in current economic policy discussions.


    Essential Reading

    Stephanie Kelton

    “The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy”

    Public Affairs/Hachette Book Group. 2020.

    Richard Murphy

    “The Joy of Tax: How a fair tax system can create a better society”

    Corgi Books/Transworld Publishers. 2015.

    Yeva Nersisyan and L. Randall Wray

    “How to Pay for the Green New Deal”

    Levy Economics Institute of Bard College, Working Paper No. 931. 2019.

    http://www.levyinstitute.org/pubs/wp_931.pdf

    Pavlina R. Tcherneva

    “The Case for a Job Guarantee”

    Polity Press. 2020.

    L. Randall Wray

    “Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems”

    Palgrave Macmillan. 2015 (second edition).


    Recommended Reading

    Christine Desan

    “Making Money: Coin, Currency, and the Coming of Capitalism”

    Oxford University Press. 2014.

    David Graeber

    “Debt: The First 5,000 Years”

    Melville House. 2014.

    John Maynard Keynes

    “How to Pay for the War”

    Macmillan. 1940.

    William Mitchell, L. Randall Wray and Martin Watts

    “Macroeconomics”

    Red Globe Press/Macmillan International. 2019.

    Warren Mosler

    “The 7 Deadly Innocent Frauds of Economic Policy”

    Valance Company. 2010.

    Warren Mosler

    “Soft Currency Economics II: What Everyone Thinks They Know About Monetary Policy Is Wrong”

    Valance Company. 2012.

    Fanny Pigeaud and Ndongo Samba Sylla

    “L’Arme Invisible de la Françafrique: Une Histoire du Franc CFA”

    La Decouverte. 2018. (In French)

    Robert Skidelsky

    “Money and Government: The Past and Future of Economics”

    Yale University Press. 2018.

    L. Randall Wray

    “Understanding Modern Money: The Key to Full Employment and Price Stability”

    Edward Elgar. 1998.


    Instructor: James Keenan
    Dates: Mondays | 11/9, 11/16, 11/23, 11/30, 12/7

    Time: 6:30 PM – 8:30 PM

    5 sessions
    A link to join the online course will be provided via email before the start of the first session.

  • 2020-12-07 6:30 pm - 2020-12-07 8:30 pm

    WHAT IS MODERN MONETARY THEORY (MMT)?

    MMT, what it is and how it works

    Modern Monetary Theory (MMT) is a heterodox school of macroeconomic thought that asks:

    * To what degree is your country monetarily sovereign?

    * How does that impact the economic policies your country is able to pursue?

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

    The United States, Canada, Australia and the United Kingdom are all monetarily sovereign nations. Countries like France and Italy, which are part of the Eurozone are not. Neither are the countries in Africa which are former French colonies and which continue to use the CFA Franc.

    It turns out that whether a country is monetarily sovereign or not has

    tremendous importance in determining the economic policies a country can pursue in response to crises, whether those crises be economic, political, medical or ecological. Modern monetary theory 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 five-session, students will get a taste of macroeconomics — the study of the overall determination of output, employment and prices — from the MMT perspective. Upon taking this course students will be able to understand and participate in current economic policy discussions.


    Essential Reading

    Stephanie Kelton

    “The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy”

    Public Affairs/Hachette Book Group. 2020.

    Richard Murphy

    “The Joy of Tax: How a fair tax system can create a better society”

    Corgi Books/Transworld Publishers. 2015.

    Yeva Nersisyan and L. Randall Wray

    “How to Pay for the Green New Deal”

    Levy Economics Institute of Bard College, Working Paper No. 931. 2019.

    http://www.levyinstitute.org/pubs/wp_931.pdf

    Pavlina R. Tcherneva

    “The Case for a Job Guarantee”

    Polity Press. 2020.

    L. Randall Wray

    “Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems”

    Palgrave Macmillan. 2015 (second edition).


    Recommended Reading

    Christine Desan

    “Making Money: Coin, Currency, and the Coming of Capitalism”

    Oxford University Press. 2014.

    David Graeber

    “Debt: The First 5,000 Years”

    Melville House. 2014.

    John Maynard Keynes

    “How to Pay for the War”

    Macmillan. 1940.

    William Mitchell, L. Randall Wray and Martin Watts

    “Macroeconomics”

    Red Globe Press/Macmillan International. 2019.

    Warren Mosler

    “The 7 Deadly Innocent Frauds of Economic Policy”

    Valance Company. 2010.

    Warren Mosler

    “Soft Currency Economics II: What Everyone Thinks They Know About Monetary Policy Is Wrong”

    Valance Company. 2012.

    Fanny Pigeaud and Ndongo Samba Sylla

    “L’Arme Invisible de la Françafrique: Une Histoire du Franc CFA”

    La Decouverte. 2018. (In French)

    Robert Skidelsky

    “Money and Government: The Past and Future of Economics”

    Yale University Press. 2018.

    L. Randall Wray

    “Understanding Modern Money: The Key to Full Employment and Price Stability”

    Edward Elgar. 1998.


    Instructor: James Keenan
    Dates: Mondays | 11/9, 11/16, 11/23, 11/30, 12/7

    Time: 6:30 PM – 8:30 PM

    5 sessions
    A link to join the online course will be provided via email before the start of the first session.