Economics is not about money

Most people think that economics is about money, that government spending is constrained by tax, and that public services must always come second to “balancing the books”.

All of that is wrong.

In this video, I explain why money is not scarce, why governments create it, and why treating money as the central economic constraint has led to unemployment, inequality, wasted lives and environmental damage.

Economics is not about money.

It is about people, resources, care, and planetary limits.

When we put money first, we get injustice.

When we put people first, economics starts to make sense again.

So the real question is simple:

Do we want money in charge – or justice?

Let us know your thoughts by voting in our poll:    • Запись  

00:00 Economics Is Not Just About Money
01:20 The Myth of Scarce Government Money
02:45 How Government Really Creates Money
04:10 Why Balancing the Books Is the Wrong Priority
05:40 Unemployment, Inflation and Human Cost
07:05 What the Economy Is Actually For
08:35 Money as a Tool, Not a Purpose
10:00 Who Benefits From the Current Story
11:25 Reordering Priorities: People and Planet
12:35 Justice or Money in Charge

TRANSCRIPT
A transcript for this video is available at: https://www.taxresearch.org.uk

IF YOU WANT TO WRITE TO YOUR MP ABOUT ISSUES IN THIS VIDEO
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ABOUT RICHARD MURPHY
Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’.

This video was edited by Thomas Murphy.

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INTRODUCTION:    • Welcome to my channel - Richard J Murphy -...  

PLAYLISTS:

The Wealth Series
   • The Wealth Series  

Ecenomics
   • Ecenomics  

Britain
   • Britain  

Tax
   • Tax  

MMT
   • MMT  

Money
   • Money  

Climate Change
   • Climate Change  

USA
   • USA  

Labour
   • Labour  

The Trump Administration
   • The Trump Administration  

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