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Special-Purpose Money for a Limited Globalization

         According to Rodrik’s (2012) ‘trilemma’, we can have only two of the following at any one time: hyperglobalization, the nation state, and democratic politics (Rodrik, 2012). Given the destructive forces of hyperglobalization – environmental degradation, homogenization of culture, and financial instability (e.g Hornborg, 2017a) – and the undesirability of … Continue ReadingSpecial-Purpose Money for a Limited Globalization

Funding the Green New Deal: the evocation of Keynes

The Green New Deal started making headlines in early 2019 when newly elected congresswoman Alexandria Ocasio-Cortez submitted to the United States House of Representatives a non-binding resolution laying out the main elements of a 10-year economic mobilization plan that would phase out fossil fuel use and overhaul the nation’s infrastructure … Continue ReadingFunding the Green New Deal: the evocation of Keynes

Where are we now? The current state of research and next steps

What have we achieved by studying full-reserve banking? And what remains to be done in the future? By focusing on conceptual work, economic modelling and empirical research, I try to provide an answer. Just recently, I finished a doctoral dissertation that focused on full-reserve banking. More precisely, I studied historical … Continue ReadingWhere are we now? The current state of research and next steps