Programme
14.30-15.45: Wealth, Historians & the Laws of Supplies and Demands
Dennis Flynn (Pacific World History Institute)
Required by banks, 90% of space on every customer financial statement concerns Wealth (= Assets – Liabilities); the residual 10% of space concerns income and spending. Wealth has always ruled. Textbook microeconomics and macroeconomics are both limited to examination of income and spending flows alone (10%), while offering zero wealth theory (90%). The Laws of Supplies and Demands model offers mechanisms for analysis of accumulations of wealth-components (i.e. goods). Individual physical monies are treated as wealth-components (i.e., goods), thereby yielding a Unified Theory of Prices. Hence, the microeconomics-macroeconomics dichotomy underlying conventional economic theory is unnecessary. Wealth accumulation is inherently historical: the future of Global Wealth History depends on archival historians (e.g., Anne McCants, MIT, on Dutch orphanages).
16.15-17.30: Atlas of Finance: Mapping the Global Story of Money
Dariusz Wójcik (National University of Singapore)
Atlas of Finance is the first ever published book-size collection of maps and visuals dedicated to the topic of finance and a unique illustrated exploration of the development of finance that combines data from every part of the world and covers five thousand years of history. The Association of American Publishers selected The Atlas as the best 2024 book in economics and the best single-volume reference book. Translations into 15 foreign languages are forthcoming in 2025.
This event is jointly organised by the CAPASIA and ECOINT research projects. Capasia has received funding from the European Research Council (ERC) under the European Union’s Horizon Europe research and innovation programme (grant agreement No 101054345). Ecoint has received funding from the European Research Council (ERC) under the European Union’s Horizon 2020 research and innovation programme (grant agreement No 885285).