A Market Theory of Money | Session 1

This is the first of two sessions on the 1989 book A Market Theory of Money by John Hicks.

https://www.amazon.com/Capital-Wars-Rise-Global-Liquidity/dp/3030392902/

From the Description:

Sir John Hicks draws together the common threads of over 50 years' writing on monetary economics into a succint (sic) statement of the fundamentals of monetary theory. He also goes beyond this work of synthesis to outline a theory of competitive markets which can be linked to the monetary sector, confronting the failure of both standard classical and neoclassical theory to fill the gap between monetary and non-monetary economics.

This week, we discuss through the first seven chapters.

Chapter 1: Supply and Demand?
Chapter 2: The Function of Speculation
Chapter 3: The Pricing of Manufactures
Chapter 4: The Labour Market
Chapter 5: The Nature of Money
Chapter 6: The Market Makes its Money
Chapter 7: Banks and Bank Money

The first four of these chapters (Part I) are largely preamble. The meat of the book starts with Chapter 5. If you're short on time, make sure to read Chapters 5, 6, and 7.