-Papa! what's money?
-What is money, Paul? Money?
-Yes, what is money?
-Gold, and silver, and copper. Guineas, shillings, half-pence. You know what they are?
-Oh yes, I know what they are. I don't mean that, Papa. I mean what's money after all?
Little Paul Dombey, Dombey and Son, by Charles Dickens (1848)
Talk at the University of Crete
On October 25, I gave a lecture at the Department of History-Archaelogoy at the University of Crete titled: "Monetary theory and empirical research: What do history and archaelogy have to offer?".
In the talk I discussed how history, archaeology (as well as anthropology) can give empirical evidence to prove or disprove mainstream monetary theories formulated by economists. In particular, I gave examp[les as to how the theory on the origins of money, the quantity theory of money and the theories about the gold standard fail when examined in the light of true empirical evidence and not as abstract theoretica models.
Faculty and students were present at the talk and participated in a very interesting discussion.
I particularly like to thank Associate Professor Giannis Kokkinakis for his kind invitation and hospitality at the Uiversity.