Starting 2-weeks ago #SVB, #CreditSuisse & a few other smaller US banks failed. Whilst this is yet to become a #FinancialCrisis on the scale of ’08, it is also not certain that such a crisis hasn’t already begun. Join us for a thread of the best analysis so far! First up, let’s acknowledge last year's release of @stefeich's – The Currency of Politics, and this interview in @thenation prior to the SVB collapse. His work provides important background understanding on the nature of money, banking and monetary policy.
thenation.com/article/econom…

With the recent Nobel Prize in economics going to Ben Bernanke, Douglas Diamond and Philip Dybvig, who “have significantly improved our understanding of the role of banks in the economy, particularly during financial crises”, we thought we’d comment on their findings. It’s positive that the mainstream of the profession is paying more attention to financial crises in general. Models of bank runs and historical studies of crises can be valuable tools in our arsenal if we want to understand and prevent catastrophic economic fluctuations.

On #WorldMentalHealthDay, we thought we’d take a look at one of the best-known economics textbooks, Greg Mankiw’s Principles of Economics, to see how the discipline treats mental health
archive.org/details/n.-gre… There are many links between mental health and economics. Mental health can be impacted by peoples’ working situation, their level of income, and the state of the macroeconomy. Similarly, mental health can impact productivity, well-being, and other economic outcomes.

Thread on planetary boundaries for #COP26.

“We can’t lead the lives we do within our planetary boundaries”

Kate Raworth’s Doughnut Economics sets out to challenge conventional ideas about the environment.

doughnuteconomics.org If you draw a donut, you make two circles: one large on the outside and one smaller on the inside. The outer circle represents the boundaries of the planet; the inner circle shows the basic human needs to live good lives.

Many countries have expressed concern that there isn’t enough money available for the scale of change needed. Is this the case?

#COP26 Who produces money is a hotly contested issue within economics. You can find more information on this from our Rethinking the Role of Banks campaign: rethinkeconomics.org/journal/open-l…