Uploaded November 2022 | Updated September 2026, 2 weeks ago
The question is not just how the law codes debt, but also why. Our legal code has been essential in the transformation of humble IOUs into elaborate financial contracts, and the creation of an entire finance industry.
Prof. Pistor examines how the law has accompanied the evolution of negotiable debt instruments, from the simple IOU, to bills of exchange in Medieval Genoa, to securitized assets in the modern day and on to derivatives. She examines the securitization of mortgage debt in the modern United States in the lead-up to the financial crisis of 2008.
Learn more at lawsofcapitalism.org
The question is not just how the law codes debt, but also why. Our legal code has been essential in the transformation of humble IOUs into elaborate financial contracts, and the creation of an entire finance industry.
Prof. Pistor examines how the law has accompanied the evolution of negotiable debt instruments, from the simple IOU, to bills of exchange in Medieval Genoa, to securitized assets in the modern day and on to derivatives. She examines the securitization of mortgage debt in the modern United States in the lead-up to the financial crisis of 2008.
Learn more at lawsofcapitalism.org
![We Were Wrong about Keynes [James Crotty]](https://i.ytimg.com/vi/wX_20yHx8Zc/mqdefault.jpg "We Were Wrong about Keynes [James Crotty]
I discovered that the Keynes that I had been taught was not the right Keynes historically. This is one of the two or three most famous economists in history. So how could we have gotten him so wrong?
In 2016 James Crotty (Professor Emeritus, Department of Economics, University of Massachusetts Amherst) sat down with INET for a wide ranging conversation about his life and experiences becoming a professional economist.
Learn more at https://www.ineteconomics.org/perspectives/blog/james-crotty-and-the-responsibilities-of-the-heterodox")
![The Intangibles Era [Rohinton Medhora]](https://i.ytimg.com/vi/xUERWn46oUQ/mqdefault.jpg "The Intangibles Era [Rohinton Medhora]
The future of work is already here—but our social policies are stuck in the past.
In a world driven by technology, intangibles, and shifting work patterns, INET Governing Board Chairman Rohinton Medhora urges a bold rethinking of how we support people across their lifetime.
Produced by Nick Alpha & Matthew Kulvicki")
