Tag: Prof. Richard Werner

The Quantity Theory of Credit and Some of its Applications by Prof Richard Werner

Adopted from: Post-Keynesian Economics Study Group  at http://www.postkeynesian.net/keynes.html 30 October 2012  Richard Werner, University of Southampton The Quantity Theory of Credit discussant: Victoria Chick, UCL background paper – slides (Werner) – talk only (Werner and Chick) – Where does money come from? This is an embedded Microsoft Office presentation, powered by Office Online. Please click on  in… Read More

Watch “Richard Werner: Banking & The Economy” on YouTube

Uploaded on Mar 30, 2011 Banks have a pivotal function in the economy, they are the main creators of the money supply. In granting or issuing so called ‘loans’ to their customers they create the money that is essential to make the modern economy work. In fact says Prof Werner: ‘there is no such thing… Read More