Anne Murphy

In this engaging discussion, Anne Murphy, a history professor and author, and John Handel, a postdoctoral fellow, unravel the complexities of finance before the digital age. They explore the trust-based transactions and manual record-keeping of the 18th century, highlighting the vital role of clerks at the Bank of England. The duo sheds light on the challenges of trading and how technology like ticker tape transformed markets in the 19th century. Listeners will be fascinated by stories of financial mishaps and the historical interconnections between finance and imperial power.

Anne Murphy, economic historian and former trader, discusses the Bank of England's role in Britain's power. The podcast explores the history of interest rates, the challenges faced by small businesses in accessing credit, and the need for a return to community banking. It also delves into the concept of interest as the time value of money and explores ancient Babylonian debt contracts. The debate on interest rates, the role of central banks, and the importance of capitalizing banks are also discussed.