Josh Ryan-Collins: Money, credit and finance

Rethinking Capitalism lecture

This week’s lectures will explore different theoretical approaches to money, credit and finance and look in particularly at the role of the banking system, including central banks and financial regulation. The global financial crisis of 2007–08 was a crisis not just for capitalism but also for macroeconomic and finance theory.

The standard models used by economists and central banks failed to foresee the crisis. One of the main reasons for this was that they neglected the role of money and credit and the global interconnectedness of the banking system which meant that credit shocks in one part of the world could spread extremely rapidly to other economies.

Shredding the veil: the Wall Street myth rampaging through Main Street

Each week in conjunction with our Rethinking Capitalism lectures, we will be posting a blog article written by Brendan Maton which will complement the content presented in each lecture.

“Shredding the veil: the Wall Street myth rampaging through Main Street” examines Josh Ryan-Collins and Bank of England Chief Economist Andy Haldane’s critical examination of banking in the UK, its effect on financial systems and in turn its contribution to the Great Financial Crisis of 2008–09. Read more.

Our Medium feature page, Rethinking Capitalism, will be updated weekly with content relating to each lecture. In week 9 of Rethinking Capitalism, The economics of climate change and sustainability will be presented by Dimitri Zenghelis

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