From Barter to Bitcoin: Monetary Systems for a Sustainable Future

7.5 credits

Reading list, Bachelor's level, 2EH302

Main group 1

  • Freund, Lukas B.; Rendahl, Pontus, Banks do not create money out of thin air, Centre for Economic Policy Research, 2019Compulsory
  • Gesell, Silvio, A story of Robinson Crusoe, The Natural Economic Order, 1916Compulsory
  • Goodhart, Charles A.E, The two concepts of money: implications for the analysis of optimal currency areas, European Journal of Political Economy, 1998Compulsory
  • Kiyotaki, Nobuhiro; Wright, Randall, On Money as a Medium of Exhange, Journal of Political Economy, 1998Compulsory
  • Kocherlakota, Narayana R., Money Is Memory, Journal of Economic Theory, 1998
  • McLeay, Michael; Radia, Amar; Thomas, Ryland, Money creation in the modern economy, Quarterly Bulletin, Bank of England, 2014Compulsory
  • Neal, Larry, How it all began: the monetary and financial architecture of Europe during the first global capital markets, 1648-1815, Financial History Review, 2000Compulsory (Volume 7, No. 2, pp. 117–140)
  • Randall Wray, L., Introduction to an Alternative History of Money, Levy Economics Institute, 2012Compulsory (Working Paper No. 717)
  • Selgin, G. A, The Analytical Framework of the Real-Bills Doctrine, Journal of Institutional and Theoretical Economics (JITE), 1989 (Vol. 145, No. 3, pp. 489–507)
  • Swartz, Lana, Blockchain Dreams: Imagining Techno-E­conomic Alternatives After Bitcoin, In Castells. M, Another Economy is Possible: Culture and Economy in a Time of Crisis. Polity Editorial., 2017Compulsory (Chapter 4, pp. 82–105)
  • Temin, Peter; Voth, Hans-Joachim, Riding the South Sea Bubble, American Economic Review, 2004Compulsory (Volume 94, No. 5, pp. 1654–1668)
  • Velde, François R., John Law's System, American Economic Review, 2007Compulsory (Volume 97, No. 2, pp. 276–279)
  • Werner, Richard A., Can banks individually create money out of nothing? — The theories and the empirical evidence, International Review of Financial Analysis, 2014Compulsory (Volume 36, pp. 1–19)
  • Ögren, Anders, Replacing bank money with base money: Lessons for CBDCs from the ending of private bank notes in Sweden, Ekonomisk-historiska institutionenCompulsory (Unpublished (2021), handed out by teacher)

Additional literature and media will be specified in the course instructions

* Compulsory

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