Perry Mehrling has written an excellent blog-entry entitled “Why is money difficult?” He points out 4 essential obstacles to understanding monetary economies he has encountered again and again in teaching his money and banking course over the years: (1) the alchemy of banking, (2) the essential hybridity of the monetary system, (3) the inherent hierarchy… Continue reading Why is Money difficult? Comment on Perry Mehrling’s blog (by Wolfgang)
Category: External Comment
Financialization and Development: our comments on Perry Mehrling’s blog (by Nicolas and Wolfgang)
Perry Mehrling has published a comment on UNCTAD’s 2015 Trade and Development Report, “Making the international financial architecture work for development“. We agree with Mehrling that “the deep suspicion of financial development that is evident throughout the report might rather be considered part of the problem than part of the solution” and, as Mehrling is… Continue reading Financialization and Development: our comments on Perry Mehrling’s blog (by Nicolas and Wolfgang)