Money and Banking workshop

Need for the Workshop

Ludwig von Mises said,

Only the naive inflationists could believe that the government could enrich mankind through fiat money.

Indian economy is experiencing a heavy bout of Inflation. Prices of necessities like food and fuel are going through the roof. Indian currency rupee is the worst-performing currency in Asia. Bank interest rates are historically low. Many banks have already collapsed ruining their depositors. The demonetization exercise destroyed the economy. People are wondering why their day-to-day life is a struggle. If you are one of these people and you want to understand what is wrong with today’s money and banking system then Mises India is conducting this workshop for people like you only. Understanding money and banking is key to understanding what is happening with our economy today.

The Advice

The great Austrian School economist Prof. Ludwig von Mises said, “Whether we like it or not, it is a fact that economics cannot remain an esoteric branch of knowledge accessible only to small groups of scholars and specialists. Economics deals with society’s fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen.

The Result

Taking to heart this message of Prof. Mises, Mises India endeavors to educate people about the ideas of sound economics. To fulfill this goal we have designed this workshop, “Money and Banking”.

Money and Banking are two very important economic phenomena that every citizen must fully understand if they want to safeguard their lives, property, and liberty. The recent exercise of demonetization in India fully exhibits the need for such an understanding of money and banking matters.

Our small course will help students understand these two important phenomena.


1) Part 1: Money
a. Its Importance and Origins
b. Economics of money (Demand for and supply of money and prices)

2) Part 2: Banking
a. History of banking
b. Modern banking system (Fractional reserve banking)
c. Central banking


The workshop will be held Online on Sunday, 7 April 2024 from 8.00 AM to 12:00 PM IST (Indian Standard Time).


  • INR 1,500/- (Students with School/College ID)
  • INR 2,500/- (Others)
  • US$ 30 for participants outside India


The last date of registration is 5th April, 2024. Confirm your registration by paying the prescribed fees.

Note: Registrants who will fail to pay fees by the last day of registration will automatically be de-listed for the workshop.

Online Payment:

UPI ID for online payment: madhusudanraj@icici

You can pay fees online (NEFT / RTGS / IMPS) to the account given below:

Account Name: Madhusudan Raj

Account Number: 443402010008632

Bank name: Union Bank of India

Branch: Vesu, Surat

IFSC Code: UBIN0544345 (used for RTGS, IMPS, and NEFT transactions)

For Payment in US dollars: Please email us to know how to pay your fees in US dollars. 


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