Critical Reflections on Banking & Finance

Online Courses

  1. Just Money: Banking as if Society Mattered (Massachusetts Institute of Technology)
  2. Understanding Money: the History of Finance, Speculation and the Stock Market (University of South Hampton)
  3. Economics of Money and Banking (Columbia University)
  4. The Global Financial Crisis (Yale University)
  5. Financial Services after the Banking Crisis (UK Open University)

In the video slider trailers/lectures from some of these courses.

Articles & Blogs

Hand-picked for you from around the web + original articles published just on the Moral Markets site

Impact Investing Won’t Save Capitalism

“if we really want to reform capitalism, then impact investing as it is traditionally conceived will not be enough. The pandemic is not a mere anomaly; there are profound limits to what business can do profitably in normal times too. We need to reform the rules that govern how our economy works — and impact investors have a critical role to play.”

The Long Divorce Between the Economy and Financial Markets

“In our new book, Divested: Inequality in the Age of Finance, we document how the United States has been taken over by finance. We show that the rise of finance represents a paradigmatic, regressive shift in how American society organizes economic resources. In this process, financial markets have channeled tremendous resources to investors and the financial sector, divesting ordinary households and states.”

Socially Responsible Investing Can Be Like Searching for Fool’s Gold

“ESG proponents argue that when companies place importance on reducing their carbon footprint, emphasizing workplace management or improving board diversity, they are doing good business that will generate greater long-term financial returns for their investors. […] Many academic and industry studies have looked into this, however, and there is no conclusive evidence that ESG investing leads to superior returns for investors.”

The Cantillon Effect: Why Wall Street Gets a Bailout and You Don’t

“According to the 18th-century French banker and philosopher Richard Cantillon, who benefits when the state prints money is based on its institutional setup. In the 18th century, this meant that the closer you were to the king and the wealthy, the more you benefitted, and the further away you were, the more you were harmed. The same is true today, with the Fed’s anti-pandemic liquidity measures benefitting hedge funds and private equity firms first.”

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