Module 11 – Financial Systems and Local Economies

Venue: Wongsanit Ashram

Module Description:

In our contemporary societies, money and our financial systems play a prominent role in our interactions, yet we mostly have no idea how money actually works. We will explore why the current economic systems no longer serve vast numbers of humanity, are driving inequalities and depleting our natural environment by creating a systemic need for economic growth. We will explore in depth the role and meaning of money, and how financial systems and institutions have been constructed.

During the 4 days we will look at what guiding ethics for economic life would help us in the creation of a sharing economy. Exploring alternative forms of exchange, we will be asking ourselves how to design for generosity, trust and participation in the service of a common good.

Learning Goal

Gain a comprehensive understanding of the big picture of our contemporary finance systems, and be able to articulate alternative models embedded within our social and environmental contexts.

Topics of Learning

DAY 1 The Big Picture: Current Capitalist System; Financial Institutions and Global Trade Systems; Boom and Bust Cycles; Stock Markets
 DAY 2 How Money Works
DAY 3 Future Trends: Crypto Currencies; Paperless Economy; Block Chain
DAY 4 Local Economies: Embedded Economies from the past and into the future

Recommended Readings and Websites:

The Economics of Happiness (video). Available From: https://vimeo.com/162418809

Mark Braund & Ross Ashcroft, Money and Finance (Ch 4). Retrieved From The Four Horsemen: A Survival Manual (2012)

Loy, David (2008), Money, sex, war, karma : notes for a Buddhist revolution, Wisdom Publications Inc.