Works Progress Administration workers build a new farm-to-market road along Knob Creek in Tennessee, March 9, 1936. (AP Photo)

A Post by Jeff Piestrak Public Services at Albert R. Mann Library, Cornell University

Like Nick Hanauer, proclaiming ‘Homo Economicus’ Must Die:
"The last 40 years of research across multiple scientific disciplines has proven, with certainty, that homo economicus does not exist. Outside of economic models, this is simply not how real humans behave....
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Being rapacious doesn’t make you a capitalist. It makes you an asshole and a sociopath. In an economy dependent on complex trust networks to facilitate the cooperative tasks from which prosperity emerges, and when prosperity itself is understood—not as money but as solutions to human problems—true capitalists understand that every economic act is an explicitly moral choice—and they act accordingly."

A short introduction to "our" money system, why our money system choice matters, and why changing to a Just Money system can make it possible to pay for a better world.

Talk about Positive Money
Ben is the founder of Positive Money, a campaign for a banking system that works for society and not against it. At Meaning 2014 he got into the nitty gritty of how the current process for money creation is causing a rise in poverty, instability and inequality. And challenged the audience to imagine what a modern and sustainable system could look like. The Meaning conference is an annual gathering for people who believe business can and must be better in the 21st century.

Professor Werner talks about the empirical study he made about nominal interest rates and economic growth. The facts suggest clearly that interest rates do not drive the economy and they are not negatively correlated. This would mean that monetary policy, as used by central banks, would, at best, be very ineffective. Professor Richard A. Werner holds a First Class Honours B.Sc. in Economics from the London School of Economics and a doctorate in Economics from the University of Oxford. He has also studied at the University of Tokyo. Richard is a Member of Linacre College, Oxford, and is a university professor in banking and finance. He is also a founding chair of Local First, a community interest company establishing not-for-profit community banks in the UK (including the Hampshire Community Bank). Until February 2019, Richard was for many years a member of the ECB Shadow Council. His work experience includes: chief economist at Jardine Fleming Securities (Asia) Ltd., a stint as Senior Managing Director at Bear Stearns Asset Management Ltd., many years managing global macro funds, several years as senior consultant to the Asian Development Bank and periods as visiting scholar and visiting researcher at the Japanese Ministry of Finance and the Bank of Japan, respectively. His book ‘Princes of the Yen’ was a No. 1 bestseller in Japan, beating Harry Potter for six weeks.