Money Course: Introduction

  1. Waterfall is a guided, in-depth program for everyone interested in studying systematically issues upon which Objectivism has something distinctive and important to say.

  2. Executive Summaries written by Senior Scholar Stephen Hicks, Researcher Andrei Volkov, and others are provided for the longer items to give busy people an essentialized overview and/or to highlight the key themes for those who will pursue the in-depth reading.

  3. The first course: Money. Examine the essential role that money plays in production, trade, and investment—as well as explore the hostility towards money from many theologians and other theorists such as Karl Marx.

  4. Authors included in the Money course are: Ayn Rand, Karl Marx, Dr. Tara Smith, Dr. David Kelley, Dr. Leonidas Zelmanovitz, Walter Donway, Dr. George Selgin, Dr. Niall Ferguson, Ludwig von Mises, Dr. Stephen Hicks, Andreas Antonopoulos, and Jennifer Grossmann. 

  5. Links to thirteen additional recommended items about the morality, economics, politics, and technology of money are provided for those wanting further study.


Course Outline

Week 2

Executive Summary of Tara Smith's "Money Can Buy Happiness"

Week 3

Executive Summary of Karl Marx's "Power of Money in Bourgeois Society" 

Week 4

Executive Summary of Ayn Rand's "Francisco Money Speech"

Week 5

Dr. Stephen Hicks's review of Leonidas Zelmanovitz's book The Ontology and Function of Money: The Philosophical Fundamentals of Monetary Institutions

Week 6

An episode of Dr. Hicks's Open College Podcast on why people should love money

Week 7

Executive Summary of Ayn Rand's "The Money-Making Personality"

Week 8

Executive Summary of Part One of Ludwig von Mises's The Theory of Money and Credit

Week 9

Dr. David Kelley's video on "The Root of Money"

Week 10

Executive Summary of Walter Donway's "Crony Capitalism versus 'Making' Money"

Week 11

Recommended readings on the history of money

Week 12

Andreas Antonopoulos's TED talk on "How bitcoin is changing the world"