Michael Salib and Mesha Ghazaleh The Bank’s monetary policy objectives are some of the most significant objectives bestowed by Parliament on any UK public authority. They are to maintain price stability and, subject to that, support the Government’s economic policy, including its objectives for growth and employment. In our paper we offer a historical and … Continue reading The Bank of England’s statutory monetary policy objectives: a historical and legal account
Economic History
Chapter 7 of my open access textbook has just been released. This chapter focuses on homelessness experienced by racialized persons. A ‘top 10’ summary of the chapter can be found here (in English):https://nickfalvo.ca/homelessness-among-racialized-persons/ A ‘top 10’ summary of the chapter in French can be found here:https://nickfalvo.ca/litinerance-chez-les-personnes-racialisees/ The full chapter can be found here (English only):https://nickfalvo.ca/wp-content/uploads/2024/01/Falvo-Chapter-7-Racialized-Persons-2jan2024.pdf All material related to the [...]
by Dror Goldberg* Where and when did modern currency originate? My book Easy Money: American Puritans and the Invention of Modern Currency (University of Chicago Press, 2023) tackles this fascinating question. I discover and explain the origin of modern currency in 1690 in the English colony of Massachusetts Bay — an unimportant place, compared to […]
by Jongchul Kim* In a given era, social scientists often share a common philosophical perspective, whether overtly or implicitly, despite studying different subjects. So what if the prevailing perspective among mainstream economists proves problematic, preventing them from providing a comprehensive understanding of the capitalist financial system?In modern Western philosophy, conventional economics is built upon two […]
I wrote this tweet because I thought that it would be really interesting for students to ask that question. They would find out what it is that determines the price of a government bond. Little did I know that many people would be interested in my view of the issue. So, by popular request, here […]