Automation and Jobs: Why It’s Really Different This Time
Seminar

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Automation and Jobs: Why It’s Really Different This Time

Technological change has always been a defining feature of advanced capitalist economies. However, the speed, scale and scope at which automation and artificial intelligence are evolving today and the extent to which they could disrupt labor markets could be unprecedented.

In this interactive seminar, Dr. Robin Gaster explains why this time is different, and why the future will not be like the past.

Dr. Gaster is the President of Incumetrics, a Washington, D.C.-based economic and technology consulting firm whose clients have included the U.S. National Research Council, the U.S. Census Bureau, the European Commission, and the Brookings Institution.

Location: Henry George School of Social Science, 149 East 38th Street (Between Lexington & 3rd Avenue) New York, NY 10016
Time: 11:30 AM to 1:00 PM
Date: Friday, March 23, 2018

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Money: Searching for its Source and the Case for Sovereign Money
Seminar

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The financial crisis of 2007-2008 shone a spotlight on the structural problems with our current financial system at the root of which lies our system of money and banking.

It is a misconception that our money is created by government; it creates only a small fraction of the money supply in circulation.

A state which had full control of its money supply would:

(1) determine the currency unit

(2) issue the currency in circulation

(3) benefit from the difference between the cost of production and the face value of money (seigniorage).

Proponents of full state control of the monetary system often refer to this as “sovereign money.”

In this two-week, upper-level, interactive seminar led by Allen Smith, participants will take a closer look at the components of a sovereign monetary system, and contrast those components to the current reality. Participants will consider the case for sovereign money, the economic problems it might address and the barriers to implementation. Highlights of sovereign money reform initiatives that have occurred in various countries will be presented.

Location: Henry George School of Social Science, 149 East 38th Street (Between Lexington & 3rd Avenue) New York, NY 10016
Time: 6:30pm to 8:30pm
Dates: Monday, March 12, 2018; Monday, March 19, 2018

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Money: Searching for its Source and the Case for Sovereign Money
Seminar

/in /by

 

 

The financial crisis of 2007-2008 shone a spotlight on the structural problems with our current financial system at the root of which lies our system of money and banking.

It is a misconception that our money is created by government; it creates only a small fraction of the money supply in circulation.

A state which had full control of its money supply would:

(1) determine the currency unit

(2) issue the currency in circulation

(3) benefit from the difference between the cost of production and the face value of money (seigniorage).

Proponents of full state control of the monetary system often refer to this as “sovereign money.”

In this two-week, upper-level, interactive seminar led by Allen Smith, participants will take a closer look at the components of a sovereign monetary system, and contrast those components to the current reality. Participants will consider the case for sovereign money, the economic problems it might address and the barriers to implementation. Highlights of sovereign money reform initiatives that have occurred in various countries will be presented.

Location: Henry George School of Social Science, 149 East 38th Street (Between Lexington & 3rd Avenue) New York, NY 10016
Time: 6:30pm to 8:30pm
Dates: Monday, March 12, 2018; Monday, March 19, 2018

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Our Common Welfare – Seeking a Shared Prosperity
Seminar

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Since the end of World War II the United States has experienced tremendous technological and scientific progress while simultaneously experiencing increasing economic inequality. Major social and economic changes, shifting political alliances, weak political leadership, compromised and biased public discourse combine to create a fertile ground ready for fresh ideas and ways of thinking. There can be shared prosperity.

Today Yannis Tziligakis and Marty Rowland map out the political discourse that must begin if we all are to enjoy a future filled with progress and prospertiy.

Marty Rowland studied economics under Daniel W. Bromley, emeritus professor of applied economics at the University of Wisconsin at Madison, and used the theories of Elinor Ostrom (2010 Nobel Prize Economist) on common pool resource management systems.

Yannis Tziligakis is an independent researcher and educator, and a long-time advocate for the philosophy of Henry George.

Location: Henry George School of Social Science, 149 East 38th Street (Between Lexington & 3rd Avenue) New York, NY 10016
Time: 2:30pm to 6:00pm
Date: Saturday, February 17, 2018

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Money Movements across the Globe – Causes and Consequences
Seminar

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Money Movements across the Globe – Causes and Consequences

Since 1945 trade and investment between nations has expanded rapidly. Yet despite the high quality of its workforce, vast amounts of natural resources, and tremendous amounts of physical capital, the United States persistently buys more from other countries than it sells to them. Politicians periodically accuse other nations of manipulating exchange rates to favor their exports, while ignoring (or pretending to ignore) the fact that the value of the US Dollar, once convertible into gold, has eroded over time.

In this class Allen Smith charts the growth of global trade, explains its accounting, and studies the money flows between nations. Allen analyzes the structural changes that took place in the US monetary system and the impact of the purchasing power of the US Dollar on the US trade deficit.

We kindly ask students to do some research and come prepared to discuss these topics:

  • January 29: The Foreign Exchange Market—What are consequences of floating exchange rates?
  • February 5: Do Trade Deficits Matter?
  • February 12: US Dollar as World Reserve Currency—For how much longer? What are consequences if this changes?

Note: This seminar is open to all, but priority will be given to students who have taken the course on Money and Banking.

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