Partner Article

Where does money come from?

The Economic and Social Research Council and Positive Money, are hosting a seminar entitled ‘Where Does Money Come From?’ on the 8th November 2012, 5.30pm – 9.00pm at the Unitarian Church Hall, Ellison Place, Newcastle Upon Tyne.

The event is part of the ESRC’s Festival of Social Science 2012, 3-10 November 2012, and will involve contributions from Professor Mary Mellor, Emeritus Professor of Sociology, Northumbria University, and Dr Alberto Montagnoli, Senior Lecturer in Banking and Finance, University of Stirling.

The recent financial crisis, the recession, government cuts and austerity have impacted everyone in some way (either directly, or through friends, family and work colleagues) and this event will show that how we allow money to be created is the root cause of these problems, as well as fuelling record levels of debt, poverty, inequality, higher taxes and our economic and environmental crises.

Yet few people, including policy makers, economists and journalists understand how money is created and how our monetary system works. This event is your chance to understand the problems we have with our money system and more importantly how it can be changed to a more democratic, decentralised money system serving the majority of citizens.

This event will answer the important questions about money:

• Who creates money and puts it into circulation?
• How much do they create?
• What do they spend it on?
• In what form is the new money created?
• What are the consequences of the current system?
• How do we change money for society’s benefit?

When money drives almost all activity on the planet, is it not essential that we understand it?

To confirm your place at the event or if you require any further information please contact Gary Brooks on 07967 489356 or email garyrbrooks@yahoo.com by Friday 2nd November 2012.

Click here to visit the event webpage.

ESRC’s Festival of Social Science 2012

The Festival of Social Science is run by the Economic and Social Research Council and takes place from 3-10 November 2012. With events from some of the country’s leading social scientists, the Festival celebrates the very best of British social science research and how it influences our social, economic and political lives - both now and in the future. This year’s Festival of Social Science has over 180 creative and exciting events across the UK to encourage businesses, charities, government agencies, schools and college students to discuss, discover and debate topical social science issues. Press releases detailing some of the varied events and a full list of the programme are available at www.esrcfestival.ac.uk. You can now follow updates from the Festival on twitter using #esrcfestival.

This was posted in Bdaily's Members' News section by Gary Brooks .