{"id":55313,"date":"2021-02-02T07:50:12","date_gmt":"2021-02-02T07:50:12","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=55313"},"modified":"2021-02-02T07:50:12","modified_gmt":"2021-02-02T07:50:12","slug":"money-helen-schofields-epilogue","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/02\/02\/money-helen-schofields-epilogue\/","title":{"rendered":"Money: Helen Schofield\u00e2\u20ac\u2122s epilogue"},"content":{"rendered":"<p><i>I have over the last week been publishing Helen Schofield\u2019s history of money. The series has attracted much attention, and been fascinating. You can work backwards through it, <a href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/02\/01\/money-lessons-to-be-learned\/\" target=\"_blank\" rel=\"noopener noreferrer\">starting here<\/a>. This is Helen\u2019s final instalment, although there may be some references to come. I am grateful for her contribution, and that of others who have commented:<\/i><\/p>\n<p><b>Epilogue<\/b><\/p>\n<p>I started out writing this piece trying to encapsulate what I\u2019d learnt from Christine Desan\u2019s work. In doing so I discovered I had to also include what I learned from Moshe Arye Milevsky\u2019s book about the 1672 Exchequer Stop.<\/p>\n<p>All told the piece turned out much longer than I thought it would because what happened in the 17th century and after was very complicated with much inter-linkage. No doubt it\u2019s possible to precis it down but I\u2019ll leave that for another time even to others which would be very useful including pointing out any errors conceptual and of fact.<\/p>\n<p>I do strongly believe there\u2019s an important message Christine Desan has to convey to us that links MMT to Britain\u2019s Industrial Revolution. Here are two of her papers that appear to be the best to read to get this message:-<\/p>\n<p>\u201cThe Monetary Structure of Economic Activity\u201d<\/p>\n<p><a href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3557233\" rel=\"nofollow ugc\">https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3557233<\/a><\/p>\n<p>\u201cBanking: Intermediation or Money Creation. The Power of Paradigms in Histories of Economic Development\u201d<\/p>\n<p><a href=\"https:\/\/justmoney.org\/c-desan-the-power-of-paradigms-in-histories-of-economic-development\/\" rel=\"nofollow ugc\">https:\/\/justmoney.org\/c-desan-the-power-of-paradigms-in-histories-of-economic-development\/<\/a><\/p>\n<p>Christine Desan\u2019s book that covers much of what happened in 17th century England when money was re-designed is called \u201cMaking Money: Coin, Currency and the Coming of Capitalism.\u201d 478 pages total.<\/p>\n<p>Moshe Arye Milevsky\u2019s book is called \u201cThe Day the King Defaulted: Financial Lessons from The Stop of The Exchequer.\u201d 218 pages total.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have over the last week been publishing Helen Schofield\u2019s history of money. The series has attracted much attention, and been fascinating. You can work<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/02\/02\/money-helen-schofields-epilogue\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,174],"tags":[],"class_list":["post-55313","post","type-post","status-publish","format-standard","hentry","category-economics","category-modern-monetary-theory"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/55313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=55313"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/55313\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=55313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=55313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=55313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}