This reading group has been created to amplify and deep our knowledge on money and finance from a wide perspective that can embrace the complexity of money’s nature, thus, the complexity of the financial system and its dynamics. Moreover, as it was cleverly unveiled by Émile Zola in his book L’Argent, the first book discussed in this reading group, money and finance are rooted in every sphere of human beings (social, political, religious, personal, etc.), therefore, their inquiring and comprehension cannot neglect this this reality.
The reading group started with an initial selection of books proposed by Professor Jan Toporowski, however, the path we will walk together will be opened and determined by the interests and tastes of the group members.
List of Readings:
Zola Émile, L’Argent, 1891 Discussed
Schumpeter, J.A.S. History of Economic Analysis, Chapter 8 on ‘Money, Credit and Cycles’. This chapter will be divided in two sessions. The first session will be on 25/01/24 and include sections 1 – 5 (From page 1040 to page 1074), the second will be on 29/02/2024 and include sections 6 – 9 (From page 1074 to page 1101). Discussed
Discussion of Schumpeter’s Chapter with the contribution of Professor Jan Toporowski. Discussed
Chick, V. ‘The Evolution of the Banking System and the Theory of Saving, Investment and Interest’ Économies et Sociétés Série MP no. 3 1986 and Arestis and Dow (eds.) On Money, Method and Keynes, Selected
This reading group has been created to amplify and deep our knowledge on money and finance from a wide perspective that can embrace the complexity of money’s nature, thus, the complexity of the financial system and its dynamics. Moreover, as it was cleverly unveiled by Émile Zola in his book L’Argent, the first book discussed in this reading group, money and finance are rooted in every sphere of human beings (social, political, religious, personal, etc.), therefore, their inquiring and comprehension cannot neglect this this reality.
The reading group started with an initial selection of books proposed by Professor Jan Toporowski, however, the path we will walk together will be opened and determined by the interests and tastes of the group members.
List of Readings:
Zola Émile, L’Argent, 1891 Discussed
Schumpeter, J.A.S. History of Economic Analysis, Chapter 8 on ‘Money, Credit and Cycles’. This chapter will be divided in two sessions. The first session will be on 25/01/24 and include sections 1 – 5 (From page 1040 to page 1074), the second will be on 29/02/2024 and include sections 6 – 9 (From page 1074 to page 1101). Discussed
Discussion of Schumpeter’s Chapter with the contribution of Professor Jan Toporowski. Discussed
Chick, V. ‘The Evolution of the Banking System and the Theory of Saving, Investment and Interest’ Économies et Sociétés Série MP no. 3 1986 and Arestis and Dow (eds.) On Money, Method and Keynes, Selected Essays of Victoria Chick 1992. Discussed on 11/04/2024
For the last session on Chick’s Paper we will have Sheila Dow. Discussed on 3 May 2023.
Toporowski, J. Interest and Capital The Monetary Economics of Michał Kalecki Oxford 2022, Part 1. Discussed on 30/05/2024
Toporowski, J. Interest and Capital The Monetary Economics of Michał Kalecki Oxford 2022. Discussed on 05/07/2024
Toporowski, J. ‘Marx’s Critical Notes on the Classical Theory of Interest’ in J. Dellheim and F.O. Wolf (eds.) The Unfinished System of Karl Marx Critically Reading Capital as a Challenge to our Times London: Palgrave Macmillan 2018. Discussed on 01/08/2024
Marx, K.H. Grundrisse Chapter 1, on Money . Discussed on Discussed on 24/10/2024
Paper presentation ““Kalecki-Levy Profit Equation and Money View Angles on Chinese Economy and Markets”, by Shengbei Guo, on 21/11/2024.
Marx, K.H. Capital Volume II Part 1, Ch 1 and 2, will be discussed on 26/12/2024.
Marx, K.H. Capital Volume II Part 1, Ch 3 to 6, discussed on 30/01/2025.
On Marx’s monetary theory talk given by Riccardo Bellofiore, retired Professor of Economics at the University of Bergamo, Italy, who has authored and co-authored “Theory of Plus-Value”, “Marx on Money”, “Production, Circulation and Money”, within others. Discussed on 06/03/2025.
Bellofiore, R., ‘The monetary aspects of the capitalist process in the Marxian system: an investigation from the point of view of the theory of the monetary circuit’ in Marx’s Theory of Money: Modern Appraisals 2005. Discussed on 27/03/2025
Bellofiore, R. ‘Money and development in Schumpeter’ 1985. Discussed on 24/04/2025
Talk with Riccardo Bellofiore about the monetary theories of Marx, the Theory of the Monetary Circuit, Schumpeter and a bit of Wicksell. To be discussed on 29/05/2025
Hayek, F.A. Monetary Theory and the Trade Cycle 1929 Ch 1 and 2. Discussed on 26/06/2025
Hayek, F.A. Monetary Theory and the Trade Cycle 1929 Ch 3, 4 and 5. Discussed on 24/07/2025
Hawtrey, R. G. Good and Bad Trade or Currency and Credit 1919. From Ch 1 to 7, inclusive. To be discussed on 04/09/2025
Hawtrey, R. G. Currency and Credit 1930. Ch 3 and 4. To be discussed on 25/09/2025
Hawtrey, R. G. Currency and Credit 1930. Ch 5, 6, 7 and 8. To be discussed on 30/10/2025
Hawtrey, R. G. Currency and Credit 1930. Ch 9, 10, 11. To be discussed on 04/12/2025
Wicksell, K. Interest and Prices 1936, Introduction by Bertil Ohlin, Preface and Introduction (Ch 1)
Wicksell, K. Interest and Prices 1936, Ch 2, 3, 4, 5, 6.
Wicksell, K. Interest and Prices 1936, Ch 7, 8, 9.
Friedman, M. Quantity Theory of Money A Restatement Discussed on 28/05/2026
Woodford, M. Interest and Prices Introduction; Chapters 1 Discussed on 25/06/2026
Woodford, M. Interest and Prices Introduction; Chapters 2-3 Discussed on 23/07/2026
Extraordinary session – Paper Presentation “Equilibra and Steady States: How to Model Modern Monetary Systems” by Aleksandar Stojanovič to be discussed on 13/08/2-26
Ingham, G. The Nature of Money Polity Press 2004. To be discussed on 27/08/2026
