Tagged / mehdi chowdhury

Drowning prevention meeting for NIHR-funded study

international, PG research

This week our collaborators on the Sonamoni project traveled from Bangladesh and Uganda to Dorset for a set of research planning meetings.  The visitors represented CIPRB (The Centre for Injury Prevention and Research, Bangladesh) and DWB (Design without Borders).  They were hosted by colleagues from Bournemouth University, the RNLI (Royal National Lifeboat Institute) and from the University of Southampton.  Since Monday we managed to have an intensive week of design workshops, reviewing and incorporating local-community prioritised interventions for child drowning prevention (aged <2years) in Bangladesh.  I say ‘we managed’, but I have been at home all week with COVID-19.  The past few days I was beginning to feel quite well again, so I was unpleasantly surprised that I was still positive when I tested yesterday, and even more so this morning.  Consequently, missing the whole week working with our visiting collaborators.

The Sonamoni project recently presented its own video recording on YouTube,which you can watch here!

Sonamoni is a public health project is funded by the National Institute for Health and Care Research (NIHR) through its Research and Innovation for Global Health Transformation programme. For more information, visit the NIHR website.

 

 

Prof. Edwin van Teijlingen

Centre for Midwifery & Women’s Health (CMWH)

New book: Money and Inflation: A New Approach to Monetary Analysis for the 21st Century

Publishing

Dr Mehdi Chowdhury of Bournemouth University Business School has published a book titled “Money and Inflation: A New Approach to Monetary Analysis for the 21st Century”. The publisher is Palgrave Macmillan.

A short summary:

The book aimed to develop a new scholarship on money and inflation on the background of the cost of living crisis faced by many countries of the world, and the inability of nation states to address monetary matters like inflation and the debt crisis.

Accordingly, the book proposes to go beyond the usual view of money expressed by monetary units like dollars, pounds, gold coins, bitcoins, bank money etc. and demonstrates that money is better identified as the ability of a person/party to obtain goods and services from another person/party. Such ability can originate via the possession of the money in usual sense, but also due to force, coercion, altruism, trust and human biological characteristics.

Money therefore encompasses all human activities and always in existence irrespective of forms or representation. Money, i.e., the ability to obtain originates due individual and social idiosyncrasies; and appears or disappear when those change. Inflation, instead of the usual measures expressed via the price indices, is identified as the increased need to utilise human body and mind to obtain goods and services from others. Hence inflation is connected with the availability of money, i.e. the ability to obtain of different segments of an economy. The causes of inflation are identified in the balance of triangle comprising non-market factors, the stored ability and the borrowed ability.

The current inflation can be explained by the increased desire to consume observed in modern societies, as well as the distortionary policies of governments favouring one section of the economy over another; both inducing individuals and sections to employ more body and mind to create money, i.e., the ability to obtain goods and services.

The book did not aim to provide a comprehensive analysis of economic policies, but the UK housing market has been studied to demonstrate how the policies taken during Covid-19 may have caused the inflation in the UK housing market through distortion.

The book suggests that the policies of the apex institutions like governments or central banks should on principle aim not to disrupt the balance of this triangle and to avoid distortion. This recommendation is equally applicable for the Third World countries; however, those countries should also aim to design economic policies to shield themselves from distortions caused by actions of international economic actors.

Individuals can also shield themselves from inflation i.e., the need to utilise more body and mind, by containing the desire to consume more that characterises modern societies.