History of Money Part 3 – Medieval Thinking
Religious reformers Martin Luther and John Calvin, along with other philosophers and clergy members, had their views on money and economics. At the same time, other thinkers analyzed the value of money, the causes...
History of Money Part 2 – The Fall of Rome
In ancient Rome, the downfall of the empire and the shift in the world order serves as a perfect example of how debt, currency debasement, and inflation can lead to the collapse of an...
History of Money Part 1 – Barter and Debt
In Web Economy, we have already described the history of economic crises and the history of inflation. We will return to these series, enriching them with numerous interesting facts and discussing more recent history....
Did Keynes have a point, and should the government intervene in the economy?
John Keynes' famous book "The General Theory of Employment, Interest, and Money," published in 1936, is considered the bible of Keynesian economics. However, it is also one of the more challenging works in this...
