by LSE Department of Sociology It is with great sadness that we share news of the death of Professor Nigel Dodd on 12 August 2022. Nigel Dodd was Professor of Sociology at the LSE. He obtained his PhD from the University of Cambridge in 1991 on the topic of Money in Social Theory, and lectured at […]
money
The payments system is merely a technical and bookkeeping question, mundane in the end. The idea of operating it with only reserves puts in stark relief a far more important question: What is the point of banks at all?