Why don't Economists understand money? (Conference 2013) Positive Money Conference

http://www.youtube.com/watch?v=EObtwxpDSzk

This is an excellent and clear presentation and explanation of why the majority of economists don't actually understand how money affects macroeconomics and incidentally the professorial careers of academic economics. By Professor Emeritus Victoria Chick of professor of economics at University College London, where she taught for nearly 40 years. She has written on the economics of Keynes, money and economic method. What she doesn't say directly is that money and banking are not a part of the neo-classical model of economic reality. This is much like where Minsky starts out with his development of hiis instability hypothesis.

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Why the Media Doesn't understand money

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