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DEBT episode 1: Debt, a great invention

Level: beginner
Dirk Bezemer | University of Groningen, 2013
Perspective: Post-Keynesian Economics
Topic: finance, money & debt
Format: Lecture
Duration: 00:15:25
Link: https://www.youtube.com/watch?v=F_7HIxCg4is

Summary

How was money actually invented? Where does it come from? In this first episode of a video lecture, Dirk Bezemer from the University of Groningen presents the origins of money and how it's related to debt. It's a basic historical review and you can get an idea of how money is created and how banks work. The following episodes aim at giving an overview of the last debt crisis.


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