Speaker: Philip Lawn
Topic: Modern money – what it is, how it emerged, and its desirable and undesirable features
Time: 2025-10-22
Summary:
Global throughput exceeds biocapacity by 1.8 times, and humanity has transgressed seven of nine planetary boundaries, so current growth is ecologically unsustainable. Income and wealth distribution are grossly inequitable, and in many countries, the additional costs of rising per capita GDP mean growth has become uneconomic. Addressing the polycrisis requires a correct, comprehensive pre-analytic vision of the economy that includes a rigorous understanding of the monetary system. Widespread misunderstanding of modern money and the fiscal capacities of currency-issuing governments has driven left-wing policy failures, voter disillusionment, and the rise of the political Right.
Biography:
Philip (Phil) Lawn is an evidence-based economist in Adelaide, Australia, thus making Phil a rare individual, since mainstream economics does not remotely comport with reality. Now retired (ostracised) from formal academia, Phil has long conducted his economic analysis on the understanding that an economic system is a dependent subsystem of a finite, non-growing ecosphere, subject to physical laws, not unlike any other physical system. It has a trophic structure maintained by a linear throughput of matter-energy, and its long-run sustainability is dependent upon the throughput remaining within the ecosphere’s regenerative and waste assimilative capacities
Administration:
– The CACOR Sponsor was John Hollins.
Also, a related currency link.
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